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The crypto market has been thriving since Trump’s victory in the US election. This bull run is so strong that it is hard not to imagine this might just be the new norm. Rumors that Trump could be making crypto-friendly appointments are getting stronger with new reports that some of the larger crypto companies are jostling for a seat at the table.
These positive updates indicate that this bull run will continue for now. Considering these are arguably the best investing conditions the market has ever seen, we have been looking for the projects likely to perform best. Our search took us to the presale market to a token called Pepe Unchained ($PEPU). Strap yourself in folks because this could be the biggest token event ever.
Pepe Unchained- The most successful presale ever keeps getting stronger
We love sifting through the presale market to try and find hidden gems that have the potential to pump once their listings begin. This is one of the least hidden presale tokens ever but it’s still a gem. Pepe Unchained ($PEPU) made history when it surpassed $30 million as the best-selling presale token of all time. Now it has surpassed $40 million raised as it further etches itself into the history books.
Whales have been piling in since the start of the presale but the amount of $PEPU being bought really increased when the project announced on November 13th that the presale would end in a month. A big announcement is expected soon about what tier 1 exchange will host the biggest meme coin sensation of 2024.
We normally would never recommend buying a token just because of presale metrics but there is something deeper happening here. This may be one of the most powerful cases of FOMO the meme coin market has seen. The presale, which was already doing well, started raising almost $1.5 million a day once the end date was announced. Think about what will happen once listings begin.
Could this new Pepe project pass the original as the number 3 meme coin?
There are two very strong reasons as to why this project is drawing in so many investors. The most surface-level reason is the meme itself. Pepe is a cult hero and came to prominence in meme coin circles late in the Spring of 2023.
The meme coin market was going through a torrid period with only 18 new projects being added in March of 2023. It looked like the sector was about to be written off as a failed experiment until Pepe Coin ($PEPE) launched. This project pumped basically overnight and turned investors into millionaires. It breathed new life into the sector as everyone wanted a taste of the Pepe pump.
Of course, when a meme coin is successful enough to rise to number 3 in its category on CoinMarketCap, it’s going to get some imitators. Many other projects have used the Pepe meme but none have been as successful as Pepe Unchained. It is a very brave move to claim a meme as successful as Pepe has not reached its full potential but this project looks like it is about to prove that.
How the move to Layer 2 could make this project the next big chain
The chain that this project refers to is the layer 1 network on which Pepe Coin is built. The project believes that moving to Layer 2 will free up Pepe to reach its full potential. That is why Pepe Unchained has been built on top of ethereum. It now has so much more freedom.
This is great news for investors as well as for the project. Layer 2 means faster transactions and cheaper gas fees. That means more room for gains. Even better is the staking rewards that come with layer 2. If you stake your $PEPU tokens now you will be signing up for an APY of 68%. Considering over 2.3 billion tokens have been staked this is good value.
The real potential for Layer 2, however, comes from what can be built on the chain. The project has already launched the Pepe Frens With Benefits development grant which signals its intent. Creators will be incentivized to build their projects on Pepe Unchained. Solana has risen to prominence this year because of the meme coin projects launched on the network. Pepe Unchained is coming for that crown.
Conclusion
As you can see this is a meme coin event that you do not want to miss as an investor. The current price of 1 $PEPU is $0.01295 but this value isn’t going to last forever. Investors have just under 3 weeks left to get this meme coin before it explodes.
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