Pepe Price Up Over 20% as Market Recovers, Pepe Unchained ICO Raises $7.4M
The post Pepe Price Up Over 20% as Market Recovers, Pepe Unchained ICO Raises $7.4M appeared first on Coinpedia Fintech News
Traders are clawing back yesterday’s losses with huge gains on meme coins. Frog-themed joke token Pepe is a top gainer, up over 20%. Meanwhile, the new presale Pepe Unchained is also seeing a demand surge as its total raise exceeds $7.4 million.
Pepe Price Soars as Meme Coins Gain Ground
Monday’s devastating losses did not deter meme coin degens – they’re straight back to business.
It’s green across the board for the most valuable meme coins. At the top of that list lies Pepe, with a 23% gain in the last 24 hours.
But even though it has shown colossal strength, there’s room for many more gains. Currently trading at $0.000007727, it remains down 34% this week, 15% this month, and 55% from its all-time high.
Nevertheless, its 23% pump today puts it among crypto’s top gainers, indicating that further gains may follow.
For perspective, the total crypto market cap is up 7% today. Its trading volume tells the same tale.
While Pepe is the 25th largest crypto by market cap, it has the tenth-highest trading volume. All eyes are on Pepe, and this is also reflected on social media.
Saladaz highlighted that Pepe and Solana-based Dogwifhat are in pole position of market cap to trading volume ratios on CoinMarketCap.
Meanwhile, Top Gainer Today alludes that the recent bounce marks the end of Pepe’s bearish momentum.
According to the trader, Pepe’s price chart forms a descending channel. However, he speculates that the trend will continue to highs of $0.000025.
$PEPE will reverse from here
— TOP GAINER TODAY (@RoccobullboTTom) August 6, 2024pic.twitter.com/7sAzUOq8I5
With Pepe and the broader market rebounding, it could prove a lucrative time to buy meme coins.
Those who bought Pepe’s lows of $0.000005977 are already up almost 30%.
And with its price down significantly from its May ATH, there’s room for much more gains. But it’s not just Pepe gaining momentum. Another is the presale token Pepe Unchained, which is surging ahead as its total raise nears $7.5 million.
Pepe Unchained Has Its Blockchain – Next 100X Presale?
Imagine the virality of Pepe combined with the utility of layer 2.
Not only do you get the light-hearted, community-led, enigmatic spirit of meme coins, but you also get fast and low-cost transactions while tapping into the Ethereum ecosystem.
That’s what Pepe Unchained is creating.
Having raised over $7.4 million, this project has unwavering support.
And it’s helped in no small part by its sophisticated features.
Pepe Unchained has already launched staking and currently provides over a 250% APY. Moreover, it will launch a blockchain explorer and a dedicated Ethereum bridge. And with the presale ongoing, investors can buy in on the ground floor.
This could give massive gains.
ClayBro argues it could be a “top meme coin.”
To get there, its price must increase by orders of magnitude.
“Pepe Unchained is a meme coin with a layer 2, which is why I think it can do so well when retail returns,” he said.
And here’s the exciting part.
Investors can buy in at a discounted price. Today, the presale is available at $0.0089105, but this will rise in one day. As such, they must act fast to avoid missing out.
