Pepe-themed coins surged on Friday as Pepe Unchained raised $14.1 million in its presale. This total includes an impressive $300,000 gained in just 24 hours, bringing the amount from $13.8 million.
Surge in Interest Following Fed Rate Cut
Much of the recent capital influx stems from renewed bullish sentiment in the crypto market. Following the Federal Reserve’s unexpected 50 basis point rate cut, digital asset prices have risen since Wednesday.
Developer Grants to Foster Ecosystem Growth
Additionally, Pepe Unchained announced developer grants aimed at encouraging builders to enhance its Layer 2 ecosystem. This initiative attracts more investors and causes concern for Pepe ($PEPE), its predecessor.
Currently, the price of Pepe Unchained’s native token, $PEPU, stands at $0.00981. The price will increase to $0.00982 when the next funding round starts in less than 19 hours.
Meme Coins Experience Resurgence
Meme coins have made a strong comeback, surpassing a market cap of $40 billion and currently reaching $42.63 billion. Trading volumes have also risen by 5.11% in the past 24 hours, reaching $5.57 billion.
Among the Pepe-themed tokens, PeiPei ($PEIPEI) leads with a 37.49% increase overnight and an impressive 58% rise over the past week. Following closely, PepeCoin ($PEPECOIN) has climbed 10.11% in just one day and 43% in one week. The third-largest meme coin, $PEPE, has seen a solid increase of 5.62% since Thursday.
$PEPU Outshines Competitors
While these Pepe-themed coins have performed well, $PEPU has distinguished itself by breaking yet another presale milestone. It has earned recognition as the leading token presale in 2024. Since its launch three months ago, investors have quickly recognized its potential to address the challenges of Pepe ownership. This explains the substantial funding it has attracted.
The project’s proprietary blockchain offers speeds 100 times faster than Ethereum at significantly lower gas costs, an advantage that other Pepe-themed tokens do not provide.
Developer Grants Initiative: “Pepe Frens With Benefits”
In preparation for its Layer 2 launch, Pepe Unchained introduced the “Pepe Frens With Benefits” initiative. This program offers grants to developers creating projects on its new chain. Developers can submit grant applications for consideration by the Pepe Council. Applications will open in Q4 2024.
Pepe Unchained aims to provide developers with comprehensive resources and financial support to build outstanding decentralized applications (dApps). This initiative is crucial for shaping the platform’s future.
Anticipating $15 Million Milestone
The $15 million funding goal, once a distant target, now appears within reach. Continued purchases of $PEPU suggest this milestone will be surpassed early next week, with a subsequent target of $16 million clearly in sight.
Pepe Unchained is carving out its place in the market. If potential investors haven’t yet recognized this opportunity, they should consider it seriously. To join the presale, visit the official website, connect your wallet, and purchase $PEPU using ETH, USDT, or BNB. Credit card payments are also accepted.
The smart contract for Pepe Unchained has undergone a full audit by Coinsult and SolidProof. This audit confirms that no critical issues were found in the code.
Stay updated with the latest news from the project by joining its community on X and Telegram.
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