Pepe Unchained Presale Hits $17M as Some Whales Buy in Despite Crypto Prices Dipping
Forget the market dip Pepe Unchained is still exploding in popularity.
The project has now raised over $17 million in early funding.
And with some whale investors reportedly getting involved in Pepe Unchained (PEPU), can this new Layer-2 meme coin live up to the hype?
Pepe Unchained Presale Attracts Huge Whale Investment
The Pepe Unchained presale has become a hot topic.
Its raising hundreds of thousands of dollars every day, and theres a good reason why investors are rushing to take part.
PEPU tokens are currently priced at $0.00991.
But given the presales stage-based structure, this price will only be available briefly before rising.
Interested investors can get PEPU using ETH, USDT, BNB, or even a credit card.
Once the presale ends, investors can claim their purchased tokens using the same wallet they used to buy them.
Interestingly, its not just retail investors that are buying in.
Some crypto whales are also investing heavily in Pepe Unchained.
Just yesterday, a whale made a massive purchase of 21.75 ETH, which equated to $51,100.
This follows another whale, who spent $56,000 in early September, and another, who bought $25,990 worth of PEPU tokens.
Its usually a good sign when large investors get involved in a project early.
Pepe Unchaineds community seems to think so, with the projects Twitter and Telegram channels seeing an influx of new followers in the past few days.
Pepe Unchaineds Layer-2 Tech Could Reshape Ethereums Meme Coin Space
But theres more to Pepe Unchained than just presale hype and whale buys.
This project has some advanced tech behind it that aims to solve Ethereums scaling problems.
Its called Pepe Chain a Layer-2 solution designed to make transactions faster and cheaper.
By processing transactions off of the main Ethereum chain, Pepe Chain claims to be 100 times faster while still working with the Ethereum ecosystem.
To build on this new platform, the Pepe Unchained team is launching Pepe Frens with Benefits.
Its a program that gives grants to developers to create dApps, NFTs, and DeFi tools.
The team aims to build a thriving ecosystem from day one.
However, the most exciting part of the Pepe Unchained project might be the double staking protocol.
It initially offered yields of over 15,000% APY for PEPU holders.
While the yield has settled down to 125% APY, its still far higher than what most staking protocols on Ethereum offer.
Why Pepe Unchained Continues to Thrive Despite Market Bearishness
The crypto market is bearish right now, yet Pepe Unchained remains in the green.
Even with the meme coin market crashing, PEPU is defying the odds.
But why is this?
One reason is the development teams focus on transparency.
Their tokenomics have been thoroughly checked by the experts at Coinsult and SolidProof, which gives Pepe Unchained a level of trust thats rare in the meme coin world.
Plus, big-name YouTubers like Austin Hilton and Cilinix Crypto are talking about PEPU, adding to the excitement.
They note that Pepe Unchained has a real purpose, unlike most useless meme coins.
By creating a Layer-2 scaling solution, Pepe Unchained is taking a page from Shiba Inus Shibarium.
Shibarium has shown just how powerful this kind of technology can be.
Its handled more than 418 million transactions since going live and has over 1.8 million wallet addresses.
If Pepe Unchained can replicate even a fraction of that success, it could really shake up the meme coin space.
Imagine a platform filled with Pepe-themed dApps, NFTs, and DEXs.
Thats the vision that Pepe Unchaineds team is aiming for.
For that reason, its a project that many are watching closely for a potential breakout.
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