Pepe Unchained Reaches $4m In Presale And Hopes To Replicate Pepe’s Recent Gains

Pepe Unchained, the latest frog-based meme coin cryptocurrency, has reached $4 million in presales with its recent spike in registrations likely coming as a result of stellar performance by other frog-based coins. Although described as a meme coin, Pepe Unchained, which will trade as $PEPU, is not as speculative as most meme tokens.

It is a layer-2 network that could be used by meme coins to launch in the future. The underlying utility means that PEPU should be free from the pump-and-dump schemes that other meme coins are prone to, and if it can attract other coins to get on board with its new network, it has the potential for a massive boost in value. And, investors are getting on board with approximately $400,000 added to its presale in just a few days.

The next big thing in cryptocurrency

Cryptocurrency investors and speculators looking for the next cryptocurrency expected to explode in 2024 have turned their attention to Pepe Unchained. While the coin looks like yet another meme coin, it is somewhat unique in its sector because it has utility.

This utility underpins the coin’s value and helps protect it from deliberate moves by large groups of investors. Volatility is still likely. This is cryptocurrency, after all. But, it should prove more stable and, according to crypto writer Michael Graw, it has the potential for significant growth when it is listed on crypto exchanges.

Pepe Unchained isn’t the only presale token garnering attention. Others that are performing well include 99Bitcoins, which is a learn-to-earn token; Playdoge, a play-to-earn token with strong Tamagotichi vibes; and The Meme Games, which is an Olympics-based racing game reward token.

Bitcoin’s strong performance in the second week of July, which saw it bounce from nearly as low as $55,000 to over $67,000 has enabled the rest of the cryptocurrency market to post strong gains.

Frog based meme coins performing well

And, frog-based coins have performed especially well during that time. Pepe, which is the biggest frog coin, saw its price rise 50% during the period. And Pepe Unchained shows that there is still a desire in the market for more amphibian meme coins. However, PEPU offers something a little different and somewhat unique.

On the face of it, it is a meme coin: a cryptocurrency based on a popular meme or online joke. However, under the surface, PEPU has utility.

Layer 2 blockchain

Most meme coins are built on layer 1 blockchains like Ethereum and, more recently Solana. While Solana is fast for a layer-1 blockchain, it and other L1 networks can still be clunky and difficult to manage. Enter layer 2 blockchains. A layer 2 blockchain is a protocol that is established on top of a layer 1 blockchain. By adding additional protocols, such as bundling transactions together, L2 blockchains can enhance transaction speeds, reduce transaction costs, and improve the original blockchain in other ways.

Pepe Unchained aims to facilitate faster transaction speeds by establishing layer 2 protocols and is targeting meme coins with its new technology. It offers a bridge between Ether and the Pepe Chain with low fees and instant transactions. It also has a volume capacity that is 100 times greater than Ethereum so there is less chance of transactions clogging up the network.

Meme coins

Doge was the first meme coin and it spawned a mass of dog-related meme coins, specifically those that used some kind of Shiba Inu logo. Doge has gone on to become the 8^th largest cryptocurrency by market capitalization and is widely accepted at online stores, as well as by the likes of Tesla and real money online casino sites that accept cryptocurrency deposits.

But, while the dog has become one of the most popular topics for meme coins, the frog is giving it a run for its money. Pepe the Frog was designed by cartoonist Matt Furie and became popular on websites including 4Chan before the Pepe coin launched on the Ethereum network in 2023.

In just over a year, Pepe has amassed a market capitalization of more than $5 billion and is the 22^nd largest cryptocurrency, at the time of writing. As a result of Pepe’s success, other frog-based tokens have also been launched, including BRETT, PEPECOIN, and PEIPEI. Pepe Unchained is joining an increasingly popular brand of cryptocurrency coins.

The Pepe Unchained presale

Pepe Unchained is still in presale, although its recent spike in popularity means that it is likely to hit its hard limit soon. At this time, the coin will launch on decentralized exchanges, initially, before going on to be listed on major exchanges. This is when early investors will hope to see big returns, with analysts pointing to the possibility of it being the next venture to hit 100x returns for early backers.

During presale, backers receive bonus tokens, potential airdrop bonuses, and staking bonuses, which are currently yielding more than 400% annual returns. Buyers need an Ethereum wallet and can purchase using Ethereum, Tether, or a credit card.

Key Takeaways

Investing in cryptocurrency does carry risk, and this is especially true with meme coins. However, meme coins also have the potential to yield big returns when the presale ends and the coin hits major exchanges. For those considering Pepe Unchained as a potential investment, here are some key takeaways.

• Pepe Unchained is somewhat unique, as it is a meme coin with utility
• Pepe Unchained is establishing a layer 2 blockchain with improved transaction speeds and lower fees
• The presale has already amassed more than $4 million from investors
• The original Pepe cryptocurrency has a market capitalization of more than $5 billion just over a year since its launch
• Pepe Unchained has set aside 20% of its 8 billion total supply for the presale