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Dogecoin spikes after Trump’s recent mention of the token and Pepe Unchained’s $23 million presale makes it one of the largest in the meme coin sector. Here’s why meme coins could be set for a major pump before Election Day.
As Bitcoin surged to $69,800 on Monday, nearing its three-month high and inching closer to its record $73,700, another notable shift caught the attention of crypto enthusiasts.
Dogecoin (DOGE), long associated with social media-driven hype, saw an unexpected 10% jump, fueled by a reference during a Donald Trump campaign rally.
Meanwhile, a new contender in the meme coin space, Pepe Unchained (PEPU), is making waves with a successful presale, raising $23 million.
Together, these developments highlight a surge in meme coin interest, sparking speculation that meme assets may see an election-fueled rally.
DOGE’s resurgence comes at a time when altcoin markets have been underperforming relative to major assets like Bitcoin and Ethereum.
The largest canine-themed token, often influenced by personalities like Elon Musk, has been closely associated with Trump’s current US presidential campaign, especially after Musk proposed a “Department of Government Efficiency” (D.O.G.E.) at a Trump rally.
Musk’s subsequent tweet featuring himself with a DOGE avatar added to the excitement, driving DOGE’s price up 10% over the day.
Pepe Unchained: A Massive Presale Success in the Meme Coin Sector
While DOGE capitalised on media attention, the latest star in the meme coin universe, Pepe Unchained (PEPU), has raised a record-breaking $23 million in its initial coin offering (ICO).
This presale success puts PEPU among the biggest meme coin offerings to date, signalling that investor appetite for meme coins with added utility remains robust.
Pepe Unchained, unlike typical meme coins, aims to introduce real-world solutions in the meme coin market through its unique Layer-2 blockchain, Pepe Chain.
DON’T MISS THE PEPE UNCHAINED PUMP
Priced at $0.01189, Pepe Unchained’s focus on infrastructure sets it apart. The project is building a Layer-2 solution specifically for meme coin trading, offering transaction speeds up to 100 times faster than Ethereum and with lower costs.
The Pepe Chain ecosystem plans to feature staking rewards, instant bridging to Ethereum, a block explorer and a custom-built decentralised exchange (DEX) dedicated to meme coins.
This ambitious approach could provide the efficiency boost that meme coin trading needs, positioning PEPU as more than a typical meme coin.
Popular crypto YouTubers like KIFS Crypto and ClayBro have endorsed Pepe Unchained, bringing the project further into the spotlight. ClayBro recently told his audience that PEPU could be “the next major meme coin to explode,” sparking additional investor interest.
With the project’s infrastructure-based approach, PEPU has set itself apart in a market dominated by speculative hype and meme-driven volatility.
The Timing and Election-Fueled Meme Coin Pump
Meme coins have historically gained traction through major events or endorsements, and with the US election season underway, meme coins like DOGE and PEPU are seeing heightened interest.
The upcoming election has stirred market speculation, with crypto analysts drawing parallels to Bitcoin’s previous rally following the 2020 election.
DOGE’s resurgence, fueled by political references, highlights the role of social and political factors in meme coin performance. Likewise, PEPU’s Layer-2 utility for meme trading aligns with market demand for more efficient blockchain solutions. As BTC mirrors patterns from previous election cycles, some analysts speculate that meme coins tied to political narratives could attract similar interest.
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In a landscape where many meme coins rely solely on social media hype, Pepe Unchained’s infrastructure focus provides a unique edge. Investors have flocked to the project not just for its frog-themed branding but for its utility-driven ambitions, which could support long-term growth.
PEPU’s recent audit by Coinsult and SolidProof also adds a layer of security, which may attract cautious investors wary of the meme coin sector’s volatility.
Meme Coins to Watch Pre-Election
With the US election on the horizon, meme coins like DOGE and PEPU are positioned for potential gains. DOGE’s recent surge, tied to Trump’s political messaging and PEPU’s utility-driven model provides distinct but complementary narratives within the meme coin market. For investors looking to capitalise on meme coins, the pre-election period may present unique opportunities as politically and socially fueled factors play out.
While DOGE remains an iconic asset for its cultural ties and broad popularity, PEPU’s presale performance and infrastructure ambitions indicate a growing appetite for meme coins that offer more than just branding.
With early investors already securing positions, meme coins could indeed see a significant pump before Election Day.
Source: https://coinedition.com/doge-spikes-10-as-trump-mentions-crypto-pepu-surges-in-massive-23m-presale/