The post Popcat Reaches $1 Billion Market Cap as Pepe Unchained Presale Raises $15M appeared first on Coinpedia Fintech News
Popcat is one of the few meme coins that has claimed a $1 billion market cap, reaching the revered valuation on Wednesday.
But as Popcat cements itself as a leading meme coin, the new presale token Pepe Unchained is gaining momentum as it raises over $15 million.
Popcat Surges Over 40% to $1B Market Cap, Whale FOMO Buys the Pump
The Solana-based meme coin hit a transformative milestone on Wednesday by claiming a $1 billion valuation.
This came on the back of a significant pump this month. It remains up 43% and is currently priced at $0.99.
At press time, Popcat has slipped under the $1 billion mark, currently at $970 million amid a wider market cooldown. However, its weekly and monthly performance remains firmly in the green, indicating that the uptrend is intact.
It’s clear that investor enthusiasm is rising, which is reflected in a series of big buys from whales.
One investor who previously lost over $600K on Popcat has reentered the meme coin with a $1.29 million investment on Wednesday, clearly not wanting to miss a potential forthcoming rally.
Meanwhile, leading analysts are anticipating more gains ahead for the cat-themed token.
PoeticXBT notes that Popcat is teetering on its July resistance. At the same time, the analyst illustrates that the token is creating upward-moving trendline resistance.
Per the chart, the next trendline resistance retest may be around the $1.3 mark. However, the analyst expects a breakout to the upside, with a final target of $2.5 in November.
Meanwhile, an analyst who goes by Trade4ddict highlighted the same chart formation as PoeticXBT, stating, “We have been consolidating right below the $1 top for a while now, and that’s a strong sign for a potential bull continuation.”
According to the analyst, POPCAT’s next leg may propel it toward $2.
The meme coin market is recovering rapidly. After months of downward momentum, many projects have started making significant gains.
This reflects a clear shift in market sentiment, with traders more optimistic and expanding their exposure to higher-risk assets.
As such, newer meme coins like Pepe Unchained have also thrived. The project is undergoing a presale and has raised $15.3 million so far.
Pepe Unchained is the First Meme Coin With its Blockchain – Will it Explode Like Popcat?
Imagine a fast and low-cost Ethereum layer 2 blockchain dedicated solely to meme coins and meme coin-related dApps. That’s what Pepe Unchained is building.
The concept has investors hooked. It has raised over $15 million in its presale, and the daily raise keeps getting higher and higher. Over $200K has poured in just in the past 24 hours.
As meme coin season resumes, traders seek a standout project that could lead the way – many are betting on $PEPU.
The ‘Pepe Chain’ will be much cheaper and 100x faster than Ethereum. It’ll also launch with a dedicated Ethereum bridge, a block explorer, a staking mechanism, a decentralized exchange, and more.
In a recent announcement, the team revealed it’s talking with tier 1 exchanges to launch the token after the presale. This would open it to a new audience and potentially massive liquidity inflows.
All of this is causing significant excitement, with over 18,000 traders joining Pepe Unchained X and 8,000 joining its Telegram.
Meanwhile, expert analysts are also bullish. Austin Hilton told his 274K YouTube subscribers it is “the biggest meme coin launch of all time.”
“This thing is huge – I have put money into it because I think it will be massive. I’m looking at at least a 3-4x,” he said.
The current Pepe Unchained presale price is $0.00985.
However, this will rise throughout the campaign, with the next increase occurring in one day.