Wednesday, December 4, 2024 — Pepe Unchained ($PEPU) has set a new benchmark in the meme coin space, raising an incredible $70 million during its presale, making it the largest of its kind in Web3 history.
The presale shows no signs of slowing down, with $PEPU continuing to rake in over $2 million daily. However, the clock is ticking – there are just nine days left to purchase at the current price of $0.01295 per token before it’s available on exchanges.
Sources suggest the Pepe Unchained ($PEPU) presale could end earlier than anticipated, with the token possibly launching on CEXs and DEXs by early next week.
With the tremendous hype surrounding it, once $PEPU hits the market, its price is expected to increase.
Since its launch this summer, the Pepe Unchained presale has created a buzz, attracting meme coin fans eager for exclusive staking rewards, lower fees, and transaction speeds up to 100 times faster than top ERC-20 meme coins.
To put it into perspective, one of the biggest meme coin ICOs of the year, Slothana, raised $15 million, which was seen as a massive success at the time. $PEPU, however, has already raised over four times that amount.
With $PEPU’s potential exchange listings on the horizon, the token could see even greater appreciation. For those still on the fence, now may be the best time to invest – $100 could secure you 7,722 $PEPU tokens.
Keep reading to explore how Pepe’s new Layer 2 token is revolutionizing meme coins and offering exclusive rewards to its holders.
Pepe: A Fresh Take on a Classic Meme
The original Pepe (ticker: $PEPE) is the third-biggest meme coin in crypto with a $8.2 billion market cap. It’s also the largest non-canine meme coin on the market.
The already-famous avatar dropped four years before Bitcoin’s launch in 2009. Pepe was originally a character in the webcomic Boy’s Club, designed by Max Furie, known and memed for his catchphrase “feels good, man.”
He then became a global sensation. Pepe even became a political icon after appearing in the 2019–2020 Hong Kong protests. Since the original $PEPE’s launch, other tokens inspired by Furie’s comic have dropped, but none enjoyed quite the same success as the original.
Tokens derived from the Boy’s Club webcomic capitalize nearly a tenth of crypto’s lofty $125 billion meme coin sector. Brett coin ($BRETT)—which is on Coinbase’s proprietary Ethereum Layer 2, Base—corners $2 billion of the market, while $PEPECOIN’s market cap approaches half a billion today.
Clearly, the appeal of these viral coins lies in their potential to blow sky-high. If you had bought $PEPE one year ago today, your stash would be up 1,552%. Diamond-handed $PEPECOIN HODLers are up an unbelievable 1,628% from this time last year, according to CoinGecko.
$BRETT holders that bought during late February’s launch are up nearly 19,735%. Given its origins as a Layer 2 meme coin, Pepe Unchained could follow a similar trajectory to Base’s Brett. However, it’s worth noting that while Base is backed by Coinbase, Pepe Unchained is a grassroots Layer 2 made by independent developers.
🐸INCREDIBLE!🐸$PEPU just crossed a massive milestone! 40M!!🎉💚
It was only 2 days ago we celebrated 35M and there's no sign of slowing down! 💚🐸
Don't miss out on your chance to get in by grabbing your chunk of the presale here: https://t.co/onpYoXlnyG pic.twitter.com/E2kr5sKxYf
— Pepe Unchained (@pepe_unchained) November 20, 2024
Pepe’s Layer 2 Upgrade: New Features and Tokenomics Breakdown
Back in September, the team announced an ecosystem roadmap in a multi-tweet thread over on X.
Two key features in Pepe Unchained’s ecosystem expansion drive include a Layer 2 decentralized exchange (DEX) for cheap swaps between $PEPU and supported tokens, alongside a Pepe Foundation, which will help fund “an entire ecosystem with the best developers in the space contributing.”
POV: Pepe’s reading his notes on the L2.
Needless to say, he’s very excited for everyone to see it! 💚🐸🔥 pic.twitter.com/PaCBGhsWQA
— Pepe Unchained (@pepe_unchained) December 3, 2024
Additionally, the meme-savvy crypto fans will have known about two other features since launch: a dedicated block explorer to see all transactions on the Layer 2, along with a Pepe Unchained bridge for instant and low-cost bridging between Pepe Unchained and Ethereum’s Layer 1.
Pepe Unchained is the first meme coin to run on its own proprietary Ethereum Layer 2 blockchain.
Ethereum is the most commercially important blockchain, thanks to a giant community of application developers and consumers who made the network the number one blockchain for decentralized finance (DeFi).
However, Ethereum can currently only process about 15 transactions per second (tps) which results in high network congestion and large transaction fees.
To solve this, developers have created several Layer 2 protocols. Layer 2s sit on top of the main Ethereum network and process transactions independently on a side chain, before adding them to the Layer 1 blockchain ledger.
Famous Layer 2s include Polygon, represented by the $POL token (formerly $MATIC), which has a maximum recorded 429 tps. Layer 2 tokens have collectively amassed a market cap of over $20 billion.
Pepe Unchained taps this tech to offer a meme coin that’s a hundred times quicker and cheaper to transact with than Ethereum. Pepe Unchained offers $PEPU stakers juicy rewards, with a variable yield rate currently set at 54% APY.
Understanding $PEPU Tokenomics and More
A total of 3.2 billion $PEPU, or two-fifths of total supply of 8 billion $PEPU is allocated to the presale, with a hefty 30% (2.4 billion $PEPU) going towards staking.
A tenth is earmarked for the token’s marketing, while the remaining 20% is split equally between DEX liquidity, project development (both 7.5%), with the remaining 5% going into Pepe Unchained’s Layer 2 treasury.
This is clearly one of the best crypto presales to invest in right now. Interested investors have less than nine days to get in on the ground floor.
Readers can learn more about Pepe Unchained by checking out the official website and whitepaper, or following the official X and Telegram accounts.
The project’s smart contract is fully audited by SolidProof and $PEPU can be easily bought with ETH, USDT or bank card.
Visit the Pepe Unchained website.
