Pepe Unchained Presale Nears $24M in Meme Coin L2 Project Could This Be the Next Crypto to Pump?
One of the most interesting ICOs of the year, Pepe Unchained (PEPU), is nearing the $24m mark in its hugely successful presale.
Pepe Unchained is building the first meme coin Layer 2 ecosystem, ushering in a new era for joke tokens.
Averaging $1 million raised weekly as degen and utility-driven investors join in, Pepe Unchained could be one of the biggest meme coin launches in 2024.
PEPU Solves Core ETH Meme Coin Issues
The upcoming Pepe Unchained Layer 2 network seeks to provide 100x faster transaction speeds than Ethereum. Currently, ETH can process just 15 transactions per second, with relatively high gas fees, often causing missed trading opportunities and profit losses for traders.
PEPU plans to release its Layer 2 ecosystem with features such as instant bridging to ETH, a dedicated chain explorer, a DEX, and advanced analytics, with further components to be announced.
With its benefits and meme coin-oriented blockchain, PEPU may encourage investors to stay on ETH while avoiding its downsides, which is excellent news for meme coin developers.
The project has also launched its Pepe Frens With Benefits developer grants program, which aims to attract and reward developers who want to build on top of its Layer 2.
To apply, developers need to provide their information and a detailed project description, and the Pepe Council will determine grant recipients.
Thanks to the tremendous success of its presale, PEPUs developers have already begun working on the projects Layer 2 network, for which 12.5% of the total 8 billion token supply has been reserved.
Theyve recently shared an update showcasing a modern-looking, feature-rich testnet of the upcoming ecosystem.
Less Than a Day Remains Until PEPUs Token Price Increases
Analyzing its tokenomics further reveals the projects strong focus on early adoption. 70% of the total token supply is set aside for the presale and staking rewards, meaning theres still room for new investors to join.
Those who join the Pepe Unchained presale early stand to benefit the most, as the ICO follows a dynamic pricing model. Currently, PEPU costs $0.01189 each, but that price will increase in just 16 hours, or if the presale raises another $279,000 before time runs out.
To enter the presale, investors can purchase PEPU using ETH, BNB, USDT, or a traditional bank card. As no minimum investment is required, the presale is equally attractive to whales and casual investors.
Besides its focus on early adoption, the project clearly emphasizes investor trust and security, as SolidProof and Coinsult found no threats to investor funds in their audits of PEPUs contract. Additionally, 7.5% of the total token supply is allocated to liquidity, minimizing the risk of a rug pull and lowering slippage.
We are FLOORED by the support for Pepe Unchained!
$23M is a huge achievement. Were building the future of meme coins, and cant do it without our incredible community. pic.twitter.com/Gvr01DV3TS
Pepe Unchained (@pepe_unchained) October 28, 2024
Although more than 1.6 billion PEPU tokens have already been staked, the project still offers a 99% staking APY, allowing investors to double their token holdings long-term.
PEPUs Marketing Efforts and Focus on Long-Term Success Excites Experts
Community growth and security are often considered two key pillars of a meme coins success, and PEPUs developers seem to agree. With 10% of the total token supply allocated to marketing, theyve already attracted over 54,800 followers across X (Twitter), Telegram, and Facebook.
Although minimalistic, the projects roadmap reveals that PEPU intends to create a shockwave in the meme coin market with its Layer 2 networks release, which could attract even more investors to the project.
The Pepe Unchained Layer 2 blockchain is planned for release at the end of PEPUs presale, and experts believe thats when PEPU could skyrocket. 99Bitcoins, KIFS Crypto, and Austin Hilton are just some of the many crypto experts who see potential in PEPUs utility and growing community.
Austin Hilton, a popular crypto commentator with over 270,000 subscribers on YouTube, calls PEPU an unmissable opportunity.
He believes a meme coin supercycle is on the horizon and that PEPU will be the one leading it, advising his audience to invest in the presale while the prices are low.
Investors have just 16 hours to secure their share of PEPU at its current price, which will only rise as the presale continues.
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