New Meme Coin Pepe Unchained (PEPU) Raises More Than $11 Million in Presale Round

Pepe Unchained (PEPU) has successfully raised more than $11 million in its ongoing presale and is expected to hit $12 million next week. The new meme coin is the native token of a layer-2 blockchain called the “Pepe Chain.” 

The PEPU presale is one of several presale events shaking up the crypto sector as users search for new investment vehicles. Many of these presales take different shapes and forms, with prices continuously increasing at each stage. Owing to the specific potential and functionality these assets offer, gains of between 10x and 100x are not uncommon in the early-stage crypto landscape, especially for users invested in crypto presales. (Source: bestcryptopresales.net)

PEPU To Attract Large Community Via Functionality and Dedicated Blockchain

PEPU is set to become the most popular of the frog-themed meme coins. Currently, CoinMarketCap data shows that there are about 100 Pepe-inspired meme coins active in the crypto sector. Like many of the others, PEPU uses the “Pepe the Frog” mascot that members of the meme coin community have grown to love. 

The platform’s whitepaper displays a disclaimer that the team created the meme coin for entertainment purposes, advising users to conduct research before taking up a position. However, unlike many other meme coins, PEPU offers more utility than average. For instance, the layer-2 blockchain improves Ethereum’s scalability, allowing users to trade and stake PEPU while enjoying fast transaction speeds. 

A major downside of layer-1 blockchains is the increase in gas fees when there are a lot of transactions clogging the network. Through the Pepe Chain, users can enjoy significantly reduced charges, which encourages more PEPU activity. The Pepe Unchained website clearly states that the Pepe Chain is 100 times faster than ETH. 

Although Pepe Chain will compete against several other layer-2 ETH blockchains, including Arbitrum, Base, Polygon, Optimism, Starknet, and Blast, it has a unique design that directly favors meme coins. Specifically, Pepe Chain combines the exciting transaction benefits of layer-2 blockchains with the popularity of meme coins. The blockchain is carefully structured to accommodate the large number of transactions expected of a popular meme coin as the community grows and the token finally launches. Already, Pepe Unchained’s Telegram and X channels have more than 18,000 members, and are still increasing exponentially. 

PEPU Token Distribution

The PEPU ecosystem has a maximum of 8 billion tokens, with 20% allocated to the presale event for early supporters and investors. Staking will account for 30%, while 20% will cover marketing needs. Furthermore, 10% of the total will go to liquidity pools for decentralized exchanges (DEXs), with another 10% for project finance to ensure smooth operation and development. The team has reserved the final 10% for chain inventory.

This token distribution strategy is deliberately crafted to ensure sustainable and long-term growth instead of the quick hype typical of many meme coins. The various allocations reduce the risk of a crash and ensure that PEPU tokens are adequately disbursed to cover multiple aspects of the ecosystem’s developmental and operational goals.

PEPU Market Activity

Less than a week ago, PEPU hit the $10 million milestone, barely four days after crossing $9 million. Among other factors, the attraction to PEPU is its layer-2 blockchain, with exciting potential and strong community support. In addition, the Pepe Chain also offers users the opportunity to earn passive income by staking their PEPU tokens. The whitepaper specifies that holders will enjoy “double the staking rewards” obtainable in the market.

Already, users have staked over 889 million PEPU tokens at a current 180% yield. Since the reward is dynamic, users could earn much more than the current yield rate. Currently, PEPU is trading at $0.0093851 per coin.

The increase in PEPU presale acquisitions indicates higher trust in the asset than in similar meme coins. As PEPU’s presale numbers grew, there were massive outflows from Pepe (PEPE), the third-largest meme coin, according to CoinMarketCap. Data from crypto market intelligence platform IntoTheBlock shows that large accounts withdrew about 1.16 trillion PEPE tokens, worth $8.96 million on Wednesday. Interestingly, Coinglass data shows a large PEPE influx worth $8.64 million on Wednesday and Thursday. Although the deposits seem to have made up for the outflows, the erratic activity indicates a further decline. This is considerably highlighted by PEPE’s 45.91% crash over the last three months.

Conclusion

As PEPU heads to $12 million and beyond, investors have a chance to quickly acquire the new meme coin to enjoy early benefits. In addition to staking, users can take advantage of cheap transactions and other perks of the highly–scalable layer-2 Pepe Chain. Users who may be skeptical of meme coins can rest assured of its credibility as the token has been certified secure by Coinsult and SolidProof.

With its unique blend of utility and community engagement, PEPU is positioning itself as more than just another meme coin. Its current features, including staking rewards and careful token distribution, suggest the team is focused on longevity. As the community expands even after the presale ends, early adopters and long-term holders will be exposed to the ecosystem’s opportunities for growth.

Image by Alexandra Garcia from Pixabay