The post Pepe Unchained Benefits From Crypto Bull Cycle as Whales Push Presale to $28 Million appeared first on Coinpedia Fintech News
Pepe Unchained ($PEPU) is the hottest presale meme coin on the market right now.
After celebrating raising $27 million on Tuesday, it is now just $150K away from busting the $28 million barrier.
Liquidity is pouring in and everyone from ordinary people to crypto’s rich and wealthy are getting involved.
On-chain data shows millionaires are buying $PEPU
They say following the money is one of the best strategies for getting rich in crypto. If that’s the case, traders should examine Pepe Unchained closely.
On-chain data reveals deep-pocketed whales are dropping huge investments into the $PEPU presale.
On Tuesday, one trader spent 14.64 ETH (over $47,000) to buy Pepe Unchained. Another invested 16.4 ETH ($53,000) on the same day.
And while most people had their feet up last weekend, one whale made a 19.99 ETH purchase worth $65,000.
This whale activity shows that already successful market players believe in Pepe Unchained. This sets the tone for smaller investors, who are also pouring in en masse.
51K people follow its X account, and over 12K are in its Telegram community.
Pepe Unchained is drawing demand from investors, large and small, which will allow for continued growth after the presale ends.
Why is Pepe Unchained exploding so much?
The positive reaction to Donald Trump winning the US election has been a big driver in the market-wide crypto rally this week.
Adding to that, Bitcoin touched $90K on Tuesday for the first time in history, and Dogecoin reached its highest price since June 2021. Traders’ confidence is soaring, so they’re taking big bets on new emergents like Pepe Unchained to maximize their gains.
However, Pepe Unchained is unlike anything already on the market.
Notably, it has Pepe’s viral branding and artwork, which is an attention grabber among Pepe fans. Pepe has been on fire this week, adding $1.6 billion to its market cap. So, its unsurprising $PEPU has raised $27 million.
Yet, its artwork amounts to very little compared to its main draw: an Ethereum layer 2 blockchain for meme coins.
Imagine a network intrinsically linked to Ethereum but offers 100x faster speeds and lower fees – and it’s all about meme coins and meme coin-related apps. That’s what you’ve got here.
And it’s not some rag-tag effort, either. They’re building an entire ecosystem, and the plans are well in motion.
The “Pepe Chain” will launch immediately after the presale ends. It will include features like a two-click meme coin creator tool, a staking mechanism, a block explorer, a dedicated Ethereum bridge, and more.
It’s rare that a project harnesses a prevalent meme coin trend and introduces truly groundbreaking innovations simultaneously, and that’s why investors are scrambling to buy $PEPU at presale.
This is garnering massive attention. Top analyst Jacob Bury says it “could 10-1000x your money.”
Bury also underscored that the meme coin sector has just hit an all-time high market cap, which provides Pepe Unchained with massive liquidity once it hits the open market.
Is Pepe Unchained in Binance’s crosshairs?
Binance could be getting ready to pull the trigger on Pepe Unchained.
Its recent listing of ACT I: The AI Prophecy ($20 million market cap) and its September listing of First Neiro On Ethereum ($15 million market cap) shows that it’s not afraid of listing tiny new meme coins, even if it gets some backlash.
The result for these meme coin communities is life-changing. $ACT has soared 2,500% this week, and $NEIRO is up over 1,000x since its August lows.
And it looks like Pepe Unchained could be next.
Strong community? Tick. Innovative use case? Tick.
And the team has already revealed that they’re in talks with tier-1 exchanges.
Whether this turns out to be Binance or other big outfits like Crypto.com and Kraken remains to be seen.
But one thing is for sure – Pepe Unchained is certainly a meme coin to watch closely.
Visit Pepe Unchained Presale
