The post First Layer 2 Meme Coin Pepe Unchained Raises Over $2M at Presale – Best Crypto to Buy? appeared first on Coinpedia Fintech News
In a market brimming with no-utility meme coins, Pepe Unchained (PEPI) is taking an uncharted path.
It is currently in its presale and raising funds to build the first Pepe-themed Ethereum layer 2 scaling solution.
Speculators hope this will be Ethereum’s home for meme coins, and they have shown support with huge investments.
The presale total raise has just hit the revered $2 million mark, less than three weeks after launching.
Pepe Unchained is where two worlds collide: layer 2 meets meme coin
In a first for the crypto industry, there will now be a layer 2 blockchain dedicated to meme coins.
While paying homage to Pepe, the most traded meme coin by 24-hour volume, Pepe Unchained’s layer 2 puts it at the frontier of technological innovation.
It’s a compelling concept that appeals to a diversified range of investors.
Layer 2 networks offload transactions from the Ethereum mainnet, so they’re cheaper and faster to use.
However, they also retain Ethereum’s decentralization and security.
Pepe Unchained promises transaction speeds 100x faster than Ethereum and will be much cheaper.
And layer 2s are going from strength to strength lately. Data from L2Beat shows a massive 5x spike in layer 2 activity since the beginning of 2024.
The timing couldn’t be better for Pepe Unchained to launch.
Meme coins have been in the public eye this year, and now layer 2 networks are thriving.
The juncture between these two sectors is a huge boon for its price potential, and the market’s interest reflects that.
Pepe Unchained presale cruises past $2 million mark and shows no signs of slowing down
Pepe Unchained has raised $2 million in under three weeks. That’s an achievement not many presales can claim.
An undeniable buzz surrounds the project, and besides its use case, incremental price increases are a big factor.
Investors can buy $PEPU now for $0.0082267, but this price will rise as the campaign advances.
The next increase will come later today. Consequently, fear of missing out (FOMO) is a significant driver in the Pepe Unchained presale.
Those who want the best price are incentivized to act quickly. Meanwhile, presale investors can stake their tokens for passive income.
Pepe Unchained’s lower operational costs mean it is offering double the staking rewards.
Staking is already live and currently provides a 860% APY – that’s over 100x higher than returns for staking ETH or SOL.
But here’s the kicker: rewards will fall as the staking pot grows.
Put differently, these sky-high returns are on a first-come, first-served basis.
Between an incrementally rising price and decreasing staking yield, investors are well-suited to enter the Pepe Unchained presale early.
Can Pepe Unchained 100X after its presale?
The clock is ticking for prospective presale investors.
Pepe Unchained will launch on DEX after its presale, and then its price will be determined by supply and demand forces.
Given its memetic pull and innate utility, the stars are aligned for Pepe Unchained to thrive.
The meme coin sector has a $43 billion market cap, and layer 2 tokens have a collective $17 billion market cap.
That’s a combined $60 billion and growing, which is more than enough to skyrocket the Pepe Unchained price.
Popular analysts have not shied away from bullish predictions.
For instance, Roshawn Silva speculated it could 100x and urged investors to not miss the presale.
While meme coin enthusiasts are stoked about Pepe Unchained’s memetic roots, its layer 2 utility provides real staying power.
There’s a good chance that this project will take the market by storm after its exchange launch.
But it is anyone’s guess how far it can go.
However, with incentives skewed toward the project’s earliest adopters, prospective buyers should act fast.
So don’t miss out. Follow Pepe Unchained on X or join its Telegram for updates. Alternatively, visit its website to buy and stake tokens.
