Pepe Unchained Raises More Than $5M in a Month, Despite Altcoin Season Not in Full Swing
Meme coin Pepe Unchained raises $5M in a month with its own Layer 2 solution, despite altcoin season not yet in full swing.
After securing $4 million last week, Pepe Unchained ($PEPU) has continued its momentum, now surpassing $5 million in total funds raised.
The latest and most impressive version of Pepe, featuring its own Layer 2 chain on Ethereum, celebrated its one-month milestone by raising an additional $1 million in just three days.
Despite the crypto market not being in full altcoin season, users continue to inject capital into Pepe Unchained, viewing it as an enhanced version of Pepe and a symbol of the integration of meme culture with cryptocurrency.
Currently priced at $0.008596, the native token $PEPU is set to increase to $0.00863040 within the next 24 hours as it successfully clears another presale stage.
Now is an opportune time to acquire $PEPU before it becomes available on major exchanges and its Layer 2 chain goes live.
Once these milestones are achieved, the price of $PEPU is expected to soar.
Ethereum and the Rest of the Market Lag Behind Bitcoin
Bitcoin has surged above $67,000, gaining 4.62% over the past week, likely fueled by President Biden’s withdrawal from the presidential race, which is seen as a positive for “crypto president” Donald Trump.
Meanwhile, Ethereum increased by 0.64% to $3,482, with the market anticipating the launch of new ETFs on Tuesday.
The broader crypto market has slowed down, declining by 1.43% over the past 24 hours. During this period, the meme coin sector saw a modest decline of 3.7%.
Despite this, Pepe Unchained’s predecessor, Pepe ($PEPE), experienced positive growth, increasing by 8.8% over the past week. Other leading meme coins also performed well, with DogWifHat ($WIF) up 23.5%, Bonk ($BONK) up 11.6%, and Dogecoin ($DOGE) up 9%.
While the top meme coins have outperformed Bitcoin, it does not necessarily indicate the start of an altcoin season.
Altcoin Season Index: Is it Alt-season Right Now?
A genuine altcoin season typically begins when at least 75% of the top cryptocurrencies outperform Bitcoin over the past 90 days. The Altcoin Index remains low at just 24, indicating that holders are still primarily focused on Bitcoin.
Recent altcoin seasons occurred in January and March of this year, preceding the meme coin boom.
There is still ample opportunity for meme coins to experience a second wave, as many have yet to recognize this sector’s potential fully. This suggests that the current gains may begin a larger trend.
Pepe Unchained: A Top 10 Layer 2 on Ethereum
Pepe is an iconic meme that has maintained its relevance in internet culture. Its meme coin versions, $PEPE and $PEPECOIN, represent the fusion of internet culture with monetary sovereignty in the crypto community.
However, these older versions of Pepe are slow and expensive to acquire.
Pepe Unchained addresses these issues by introducing its Layer 2 chain on Ethereum, significantly reducing acquisition costs for $PEPU. Layer 2 solutions offer scalability, lower transaction fees, and increased throughput.
This innovative approach has earned Pepe Unchained recognition as the top Layer 2 chain on Ethereum, with 99Bitcoins on YouTube predicting it to be the next meme coin to achieve a 10x return.
Growing Your $PEPU Tokens by 1% Daily
Pepe Unchained could become a leading player in the meme coin market. Early holders are not only buying $PEPU but also taking advantage of its staking feature, which offers a 4% annual percentage yield (APY), equating to a 1% daily return.
Currently, 404 million $PEPU tokens are locked up, valued at $3.4 million or 68% of the total $5 million infused, demonstrating significant confidence in Pepe Unchained’s future.
GET $PEPU EARLY BEFORE IT BECOMES NEXT 100X CRYPTO
If you recognize the potential of Pepe Unchained, visit the official website, connect your wallet, and purchase $PEPU using ETH, USDT, or BNB. Credit cards are also accepted.
For peace of mind, Pepe Unchained’s smart contract has been fully audited by Coinsult and SolidProof, revealing no critical issues.
Whether it’s altcoin season or not, savvy holders should follow the smart money flowing into $PEPU. Join the movement and infuse in $PEPU today.
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