DOGS Price Rises Following Airdrop as New Meme Coin Pepe Unchained Prepares for Listings
Its been a crazy few weeks for DOGS (DOGS) holders.
The coins price has rallied since its airdrop campaign ended in late August, making DOGS one of the markets hottest new launches.
And now another player is gearing up to make its mark.
Pepe Unchained (PEPU) has raised over $12 million in its presale and is preparing for its first exchange listing soon.
DOGS Token Airdrop Sparks Huge Investor Hype
What a wild ride its been for DOGS holders lately.
After one of the largest airdrops in crypto history over 400 billion tokens distributed to more than 42 million Telegram users DOGS has gone wild.
The coins price surged by 46% in the days following the airdrop, with everyone rushing to get in on the action.
But like any fast climb, there was bound to be a drop.
DOGS peaked on August 28th and then started to slide, losing momentum quicker than anyone expected.
Most experts believed this was due to community members cashing in on their airdrop tokens.
However, DOGS isnt out for the count yet.
This week, the coin is showing signs of life again.
Since Wednesday, its surged by over 8% not bad for a new coin still finding its footing.
DOGS has also snagged the number three spot on CoinMarketCaps trending list.
So, although its still down from Augusts high, DOGS looks like it might be about to unleash some more bullish energy.
TON Blockchain Surges In Popularity, Adding to DOGS Appeal
Now, lets dig into why DOGS has been going viral.
One of the main reasons is that the coin is hosted on The Open Network (TON) blockchain.
Originally conceived by the creators of Telegram, TON has become the blockchain that everyone wants to be a part of.
2024 has been a breakout year for TON.
Adoption has gone through the roof thanks to super-fast transactions, low fees, and the capacity to handle more users than many other Layer-1 chains.
Plus, with its roots in Telegram, TON already has a massive built-in audience.
All of this plays into why DOGS has been so popular.
Launching on TON was like hitting the jackpot.
TONs exploding popularity mixed with DOGS meme-based energy has been a recipe for success.
Add in all the headlines surrounding the arrest of Pavel Durov, Telegrams founder, and its easy to see why DOGS has been grabbing so much attention.
Pepe Unchained Prepares for DEX Listing as Analyst Predicts It Will Explode
While DOGS is getting all the headlines, another meme coin is quietly gaining traction.
That meme coin is Pepe Unchained a new frog-themed token on Ethereum.
Pepe Unchaineds presale has pulled in over $12 million so far, with hundreds of thousands being raised every few days.
The buzz on Crypto Twitter is hard to ignore people cant stop talking about this project.
Most of the buzz is around Pepe Unchaineds Layer-2 blockchain.
This blockchain, called Pepe Chain, is being built specifically for meme coins and aims to offer traders a much more streamlined experience.
In fact, the projects whitepaper says it will be 100 times faster than Ethereum.
Pepe Unchaineds team is also introducing a double staking protocol.
It sounds complex, but it essentially offers a way for PEPU holders to earn above-average rewards by holding onto their tokens long-term.
Right now, annual yields are estimated at 167%
With exchange listings on the horizon, Pepe Unchained is preparing to make its much-anticipated open market debut.
The analysts at 99Bitcoins are excited about this listing.
They even said that PEPU is a 100x gem adding to the already enormous hype.
Time will tell whether PEPU can meet the early expectations, but it seems to be on the right track.
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