Altcoin
Pepe Unchained Raises More Than $5M in a Month, Despite Altcoin Season Not in Full Swing
Pepe Unchained Meme Coin Raises $5M in a Month with Its Layer 2 Solution, Despite Altcoin Season Not in Full Swing Yet
After raising $4 million last week, Freed Pepper ($PEPU) continued to grow, surpassing $5 million in funds raised.
Pepe’s latest and most impressive release, featuring its own Layer 2 chain on Ethereum, celebrated its first-month milestone by raising an additional $1 million in just three days.
Even though the cryptocurrency market is not yet in full altcoin season, users continue to invest in Pepe Unchained, considering it an improved version of Pepe and a symbol of the integration of meme culture with cryptocurrencies.
The native token $PEPU, currently trading at $0.008596, is set to rise to $0.00863040 in the next 24 hours after successfully passing another presale phase.
This is a good time to acquire $PEPU before it becomes available on major exchanges and its Layer 2 chain goes live.
Once these milestones are reached, the price of $PEPU is expected to skyrocket.
Ethereum and the rest of the market are lagging behind Bitcoin
Bitcoin has surged above $67,000, gaining 4.62% over the past week, likely driven by President Biden’s withdrawal from the presidential race, which is seen as a positive for “crypto president” Donald Trump.
Meanwhile, Ethereum rose 0.64% to $3,482, as the market anticipates the launch of new ETFs on Tuesday.
The broader cryptocurrency market has slowed, falling 1.43% over the past 24 hours. During this time, the meme coin sector has seen a modest decline of 3.7%.
Despite this, Pepe Unchained predecessor Pepe ($PEPE) has seen positive growth, up 8.8% over the past week. Other leading meme coins have also performed well, with DogWifHat ($WIF) up 23.5%, Bonk ($BONK) up 11.6%, and Dogecoin ($DOGE) up 9%.
While major meme coins have outperformed Bitcoin, this does not necessarily indicate the start of an altcoin season.
Altcoin Season Index: Is it altcoin season right now?
A true altcoin season usually begins when at least 75% of the top cryptocurrencies outperform Bitcoin over the past 90 days. The Altcoin Index remains low at just 24, indicating that holders are still primarily focused on Bitcoin.
The last altcoin seasons occurred in January and March of this year, before the meme coin boom.
There is still ample opportunity for meme coins to experience a second wave, as many have yet to fully recognize the potential of this sector. This suggests that the current gains could be the start of a larger trend.
Pepe Unchained: One of the 10 Best Layer 2 on Ethereum
Pepe is an iconic meme that has maintained its relevance in Internet culture. Its meme coin versions, $PEPE and $PEPECOIN, represent the fusion of Internet culture with monetary sovereignty in the cryptocurrency community.
However, these older versions of Pepe are slow and expensive to acquire.
Pepe Unchained addresses these issues by introducing its Layer 2 chain on Ethereum, significantly reducing the acquisition costs for $PEPU. Layer 2 solutions offer scalability, lower transaction fees, and increased productivity.
This innovative approach has led to Pepe Unchained being recognized as the best Layer 2 chain on Ethereum, with 99Bitcoins on YouTube predicting it will be the next meme coin to achieve a 10x return.
Increase your $PEPU tokens by 1% per day
Pepe Unchained could become a major player in the meme coin market. Early holders are not only buying $PEPU, but are also taking advantage of its staking feature, which offers a 4% annual percentage return (APY), equivalent to a 1% daily return.
There are currently 404 million $PEPU tokens locked, worth $3.4 million, or 68% of the $5 million total pledged, demonstrating significant confidence in the future of Pepe Unchained.
GET $PEPU EARLY BEFORE IT BECOME THE NEXT 100X CRYPTOCURRENCY
If you recognize the potential of Pepe Unchained, visit the official website, connect your wallet and buy $PEPU using ETH, USDT or BNB. Credit cards are also accepted.
For your peace of mind, Pepe Unchained’s smart contract has been fully audited by Coinsult and SolidProof, with no critical issues detected.
Whether or not it’s altcoin season, savvy holders should follow the flow of smart money into $PEPU. Join the movement and infuse $PEPU Today.
Disclaimer: This is a sponsored article and the views expressed herein do not represent those of, nor should they be attributed to, ZyCrypto. Readers should conduct independent research before taking any action related to the company, product, or project mentioned in this article; this article cannot be considered investment advice. Please note that trading cryptocurrencies involves substantial risk as the volatility of the cryptocurrency market can lead to significant losses.