A new frog-themed
meme coin
is ready to go to the moon.
Pepe Unchained
($PEPU) is the latest meme coin sensation. The
presale
went viral a few days ago, and it has been showing no signs of a slowdown ever since.
The pioneering layer-2 meme coin just hit the much-awaited $3M milestone.
What’s fuelling the $PEPU presale mania? Here’s an analysis.
Pepe Unchained introduces a Layer-2 for meme coin
Pepe Unchained’s massive presale success suggests that layer 2 could be the next big thing in the meme coin market.
Most meme coins are built on layer-1 blockchains like Ethereum. This includes Pepe, one of the biggest meme coin sensations of this year.
Although Pepe has ballooned up to a $7B market cap this year, it is not without its faults.
The Ethereum foundation of the project limits its growth potential.
To begin with, Ethereum is clunky. The blockchain doesn’t provide a conducive environment for large-scale projects.
During bull markets, in particular, the blockchain prevents its native tokens from reaching a large community of investors. Rising gas fees and network delays continue to be a hassle, although Ethereum has moved to a proof-of-stake environment. If you are trading on ETH network, it’s basically impossible you haven’t complained about expensive gas fees.
Pepe Unchained is a new layer-2 blockchain environment dedicated to meme coins.
$PEPU serves as the native token of the ecosystem. The project adopts meme coin packaging to target a large audience.
The Layer-2 playground set $PEPU apart from the crowd of meme coins. It underpins the project’s utility and market relevance.
Even after the initial momentum dies down, as it almost always happens in the case of meme coins, the blockchain ecosystem will continue to drive demand for $PEPU.
This unique aspect explains why strategic and speculative meme coin investors are rushing to hoard $PEPU in the presale. Once the presale sells out, the token will be available for purchase on top
crypto exchanges
.
The next meme coin hotspot: How Pepe Unchained rivals Ethereum
Although layer-2 blockchains like Arbitrum and Polygon have solved Ethereum’s incompetence to a great extent, Pepe Unchained targets the meme coin frenzy.
The secondary framework strengthens the scalability, speed, and efficiency of Ethereum.
The result? Pepe Unchained can handle a higher volume of transactions at a lower cost.
“Welcome to the world of PEPE Unchained, where the legend of Pepe meets the cutting-edge technology of Layer 2 blockchain. Prepare to experience double the staking rewards, double the Pepe, and 100X the fun!” notes the whitepaper.
The new layer-2 is touted to be much faster than Ethereum. The feature will allow investors to stake, trade, and interact with PEPE Unchained at high speed.
Another attractive feature is higher staking rewards. Since Pepe Unchained offloads transactions from layer 1, it benefits from reduced operational costs and increased efficiency.
That means higher rewards for stakers. In addition, gas fees are substantially lower on Layer 2 as there are fewer transactions clogging up the main Ethereum network.
https://x.com/pepe_unchained/status/1810364527051157947
Layer-2s have been crushing it this year
Base and Blast are two of the hottest layer-2 chains this year. Their explosive growth and adoption indicate the large growth potential of the sector.
That partly explains why Pepe Unchained has become a global phenomenon even before its launch.
The new layer 2 not only taps into the fertile niche but also carves a unique space with a focus on meme coins.
Pepe Unchained Layer 2 is set to launch after the presale conclusion.
If Pepe Unchained Layer 2 unfolds as planned, it could easily become the next big hotspot for meme coin creators and traders. DApps, games, and NFTs themed around meme coins and memes will take root in the ecosystem.
$PEPU community is exploding; 652% staking APY
Pepe is one of the hottest meme coins of 2023 and 2024. Although new projects like Dogwifhat and Bonk challenged Pepe’s dominance at one point, it reclaimed its glory over the months.
Pepe currently ranks third on the meme coin chart in terms of market cap. It’s around $3.5 billion at press time.
Pepe’s rise to fame and glory underscores the large growth potential of the meme coin market.
It goes without saying that Pepe Unchained unlocks the Pepe craze. With Pepe’s lacklustre performance over the last few weeks, investors are seeking haven in new meme coins like $PEPU.
There are multiple factors that drive traffic to $PEPU.
To begin with, once it officially launches, $PEPU will have a lower market cap than PEPE, DOGE, SHIB, or BONK.
Lower market cap translates to a large room for returns, in the case of promising new projects like PEPU. Within a few days, the Pepe Unchained community has exploded to 6500+ followers on Twitter and 2000+ users on the official Telegram channel.
Staking incentivizes early presale participation with higher rewards.
Experts share optimism in $PEPU
Credibility is another key compelling factor that is fuelling the $PEPU craze. Pepe Unchained has completed not one, but two audits (by SolidProof and Coinsult) so far. They are published on the website.
Top crypto influencers and analysts have been coming forward with optimistic price forecasts for Pepe Unchained.
99Bitcoins, Crypto Gains, Matthew Perry, and Clinix Crypto recently introduced $PEPU to their YouTube communities. The promising outlook of the meme coin is rooted in its utility aspect.
99Bitcoins YouTube channel that has over 700k subscribers puts Pepe Unchained in the next potential 10X category of meme coins.
https://youtu.be/sILTvEWGD3U?si=y23tIRh9PvN5IFG8
The fast-growing Pepe Unchained community is optimistic that $PEPU is next in line for a meme coin pump.
$3M raised and counting: $PEPU presale to end soon
$PEPU presale is the latest meme coin sensation. Investors are rushing to hoard $PEPU at low prices before it explodes. Early presale participation comes with higher discounts and staking rewards.
The presale supports payments in ETH, USDT, BNB, and cards.
To learn more about the project and to join the presale, visit the official Pepe Unchained website.
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