Pepe Unchained (PEPU) has just hit a major milestone – passing $20 million in its presale.
This layer-2 meme coin is looking to differentiate itself from its peers and create a lasting impact on the crypto market.
But can it do so?
Pepe Unchained presale passes $20M as investor excitement grows
Pepe Unchained’s presale is raising hundreds of thousands each day, now sitting at $20.1 million.
Investors are using this opportunity to buy PEPU tokens at the fixed price of $0.0103.
The presale accepts ETH, USDT, BNB, and credit/debit card payments.
Once the presale phase ends, Pepe Unchained’s team plans to list PEPU on an Ethereum-based DEX, with the token claim expected to go live simultaneously.
To ensure a smooth launch, the team has allocated 7.5% of the 8 billion supply for initial liquidity.
They’re also ramping up marketing efforts, reserving 10% of the supply for future campaigns.
Pepe Unchained’s smart contracts have also been thoroughly vetted.
Coinsult and SolidProof have audited the PEPU token and found no significant issues with its code.
All of these factors are helping to boost the excitement around Pepe Unchained.
This excitement is evidenced in the project’s socials.
Pepe Unchained’s Twitter page now has over 50,700 followers, while the Telegram channel just passed 10,000 subscribers.
Pepe Unchained’s layer-2 ecosystem & staking rewards
Pepe Unchained aims to be different than most other meme coins.
The project has ambitious plans to create an entire ecosystem for retail traders.
At the heart of Pepe Unchained’s vision is a layer-2 network solely for meme coins.
This network, called Pepe Chain, will offer faster transactions and lower fees than Ethereum.
Pepe Unchained’s whitepaper even claims it will be 100 times quicker than the layer-1 giant.
PEPU holders will also have access to a “double staking” app.
This app allows them to earn crypto rewards – with annual yields estimated at 110%.
Investors have locked up over 1.4 billion PEPU tokens already.
Finally, for developers, Pepe Unchained’s team offers grants to encourage innovation on the Pepe Chain, with applications now open.
This will pave the way for new projects to thrive and expand the network.
With all these elements combined, Pepe Unchained intends to create a space where meme coin traders can access crypto assets quickly and cheaply.
PEPU token gains traction in fast-growing layer-2 sector
The layer-2 ecosystem is multiplying in 2024.
New platforms are regularly launched, and over $37.7 billion is now locked in scaling solutions - a 226% increase from last year. It’s a period of significant growth.
Uniswap recently made headlines by launching its own layer-2, Unichain, and now Pepe Unchained is entering this crowded field.
However, the team believes they have a unique selling point.
The PEPU token is beginning to gain traction online, ranking highly on ICOBench and CoinSniper.
It’s also caught the eye of well-known crypto analysts like ClayBro and the 99Bitcoins team.
Pepe Unchained’s community is eagerly awaiting an official launch date, and many hope PEPU will list on a DEX before the end of the year.
As it stands, no further details have been released.
Overall, Pepe Unchained wants to establish itself as a “hub” for meme coin traders worldwide.
Time will tell whether it can, but for now, the project is capitalizing on the early investor enthusiasm.