Meme coin investors are buzzing about Pepe Unchained, a new project that aims to bring degen energy to the Layer-2 space.
This project has already raised millions in its ICO phase.
And many early investors are predicting Pepe Unchained (PEPU) will explode once it launches later this year.
Pepe Unchained Hype Builds After ICO Raises $14.9M
Pepe Unchained’s ICO is a hot topic right now.
The project has raised $14.9 million in a matter of months, with the current PEPU price sitting at $0.00984.
This impressive ICO performance has caught the attention of investors, both big and small.
Some crypto “whales” have invested as much as 23 ETH in the ICO.
These whale buys have only added to the hype, helping Pepe Unchained’s Twitter and Telegram channels explode in popularity.
Influencers are also taking note, with big names like ClayBro highlighting the project’s potential.
Speculation about PEPU is running rampant.
Rumors are also swirling that the token will be listed on a DEX before the end of the year, and if all goes well, a CEX listing will also be in the works.
Pepe Unchained’s whitepaper notes that 7.5% of the total token supply has been set aside to provide liquidity for these listings.
Another 7.5% of the supply will be used for project development.
It’s an approach that suggests developers view Pepe Unchained as a long-term project, not just a cash grab.
Pepe Chain – The Layer-2 Network for Crypto Degens
Pepe Unchained is more than just a joke token for “degen” investors.
The team is actually building something interesting – their own Layer-2 blockchain called the “Pepe Chain.”
Pepe Chain is claimed to be faster and cheaper than Ethereum, which is a big deal for traders tired of paying high gas fees.
And it’s specifically designed for meme coins.
That makes it a sort of “hub” for the internet’s funniest cryptos.
Pepe Unchained’s ecosystem also has a double-staking protocol.
Those who hold PEPU tokens can stake them and earn APYs of 141%.
Investors are all over this protocol, with more than 1.1 billion PEPU already locked up.
The developers have even debuted a developer grant program called “Frens with Benefits.”
This program is designed to get developers to build exciting apps on the Pepe Chain from day one.
Grants will be dished out for all sorts of projects – NFTs, DeFi, gaming, and more.
Could Pepe Unchained Be Poised for Liftoff After DEX Listing?
Could Pepe Unchained explode after it hits exchanges?
There’s undoubtedly a ton of hype around the project, especially given the team’s Layer-2 plans.
Investors are excited about the idea of faster (and cheaper) meme coin trades.
Plus, Pepe Unchained has already been audited twice, by Coinsult and SolidProof.
That gives it some serious credibility in terms of security.
And let’s not forget the Pepe the Frog vibe – that meme power could help Pepe Unchained appeal to the retail community.
The timing might be ideal for Pepe Unchained, too.
With interest rates getting cut and FTX repayments about to start, we could be about to see a bullish wave hit the market.
That’s the kind of environment that might benefit a hyped-up project like Pepe Unchained.
With all these factors lining up, this project looks one worth watching closely.
There’s nothing else like it on the market right now.
If the team can deliver on its promises, Pepe Unchained’s chances of taking off would be significantly higher.
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