Altcoins Soaring: Hedera, XRP Pump Over 25% as Pepe Unchained Raises $60M
Hedera (HBAR) and XRP (XRP) are making some big moves right now, jumping over 25%, while most other altcoins see red.
And speaking of unexpected wins, the new meme coin project Pepe Unchained (PEPU) has just hit $60 million during its presale.
With its exchange launch approaching quickly, investors are speculating that this early demand could translate to a post-listing surge for PEPU.
Hedera Soars Past $0.24 as Huge Endorsement Sparks Rally
HBAR is on a tear right now, jumping 27% to hit $0.24 a price that hasnt been seen since April 2022.
The tokens momentum is real, with HBAR now in the number three spot on CoinMarketCaps top gainers list and racking up $3.4 billion in spot volume.
This puts it just below Cardano in the volume rankings.
But whats driving all this positive price action?
There has been a mix of bullish catalysts in recent weeks that have boosted demand for HBAR.
First, Dells VP endorsed Hedera, talking up the projects business-friendly fixed fees.
Additionally, Canary Capital filed for a spot HBAR ETF, which has caused Wall Street to take notice of the token.
There are even rumors that Brian Brooks, who sits on Hederas board, might be in the running for SEC Chair when Trump takes office.
These three factors are likely fueling HBARs price action.
XRP Surges to 6-Year High on Gensler Exit & Whale Accumulation
XRP is also crushing it, soaring 25% in the past day to hit $2.30.
That means XRP has risen by an enormous 80% in just the past seven days, reaching levels not seen since January 2018.
Behind the scenes, the buzz is building around Gary Gensler stepping down as SEC Chair in January.
XRP holders are excited by this and are hoping for someone friendlier to cryptocurrencies to step in.
But thats not all.
Reports have emerged that whale investors are quietly loading up on XRP.
Big wallets now collectively hold over $1.6 billion worth of tokens the most since mid-2018.
Ripple also scored a big win on the institutional front, teaming up with Archax (a regulated UK exchange) to launch a tokenized money market fund on XRPL.
Unsurprisingly, these positive developments have led to an uptick in demand for XRP.
And that demand shows no signs of slowing anytime soon.
Pepe Unchaineds $60M+ Presale Stuns Crypto Market as Launch Countdown Begins
While Hedera and XRP are making headlines with their price moves, something even more exciting is happening in the meme coin space.
Pepe Unchained has now pulled in $64 million in its presale and that number keeps rising.
Whats got everyone so excited?
The team is pitching the first Layer-2 network built just for meme coins, and based on Google Trends data, investors are excited by this.
Shh! We snapped an insider picture of Pepe coding his L2! pic.twitter.com/BxoCFauXH0
Pepe Unchained (@pepe_unchained) November 26, 2024
However, the clock is ticking since there are just 11 days left before Pepe Unchaineds presale ends.
That means investors only have a narrow window to secure PEPU tokens for just $0.01295 each.
Pepe Unchaineds team accepts purchases using both crypto and credit cards.
Both retail and whale investors are buying in, buzzed by Pepe Unchaineds ecosystem and double staking app.
Right now, this app offers annual yields of 56% for PEPU holders and investors have already locked up over 2.8 billion tokens.
The combination of presale success and unique features has caught the interest of some big names online.
For example, the team at 99Bitcoins recently posted a video about PEPU.
This video, which went out to over 711,000 subscribers, discussed how Pepe Unchained is now smashing records and dominating social media.
Clearly, the hype around this new meme coin is off the charts.
And with an exchange listing on the horizon, things might get even crazier for early investors.
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