
{"id":11087,"date":"2024-10-02T17:56:36","date_gmt":"2024-10-02T17:56:36","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=11087"},"modified":"2024-10-02T17:56:36","modified_gmt":"2024-10-02T17:56:36","slug":"meme-coin-prices-tank-as-some-traders-move-funds-into-pepe-unchained-ico","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=11087","title":{"rendered":"Meme Coin Prices Tank as Some Traders Move Funds Into Pepe Unchained ICO"},"content":{"rendered":"<p>The meme coin market is in freefall, with big names like PEPE and DOGE falling by double-digits in the past 24 hours.<\/p>\n<p>But while most of these coins are struggling, one project stands out.<\/p>\n<p>Pepe Unchained (PEPU) continues to thrive \u2013 with its ICO closing in on the $17 million mark.<\/p>\n<h2>Meme Coins Hit Hard as $7 Billion Wiped Off Market Cap<\/h2>\n<p>Meme coin investors are getting hammered right now.<\/p>\n<p>What was supposed to be a strong October has turned into a total disaster.<\/p>\n<p><a href=\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2024\/10\/Picture1-2.png\"><\/a><\/p>\n<p>In just the past few days,<a href=\"https:\/\/coinmarketcap.com\/view\/memes\/\" target=\"_blank\" rel=\"noopener\"> over $7 billion<\/a> has been wiped off the meme coin sector\u2019s total market cap.<\/p>\n<p>It\u2019s like watching a slow-motion train wreck.<\/p>\n<p>All of the big players are taking hits.<\/p>\n<p>DOGE is down 10%, PEPE and FLOKI are down 15%, and SUNDOG is down 22%.<\/p>\n<p>Spot trading volumes for meme coins have actually jumped to $9 billion in the past 24 hours \u2013 but that\u2019s likely due to the volume of panic selling.<\/p>\n<p>The<a href=\"https:\/\/alternative.me\/crypto\/fear-and-greed-index\/\" target=\"_blank\" rel=\"noopener\"> Crypto Fear &amp; Greed Index<\/a> has also dropped to 42.<\/p>\n<p><a href=\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2024\/10\/Picture2-2.png\"><\/a><\/p>\n<p>That means it\u2019s back in \u201cFear\u201d mode.<\/p>\n<p>Now, everyone\u2019s wondering: Is this just a blip, or is it the start of a more extended \u201ccrypto winter\u201d?<\/p>\n<p>No one knows right now, but the situation for meme coins is looking pretty grim.<\/p>\n<h2>Spot Crypto ETFs Also Take a Hit<\/h2>\n<p>Meme coins aren\u2019t the only ones feeling the heat right now.<\/p>\n<p>Spot ETFs, which many view as crypto\u2019s big move toward mainstream adoption, are also taking a hit.<\/p>\n<p>Fidelity\u2019s ETH ETF just had<a href=\"https:\/\/x.com\/FarsideUK\/status\/1841323173255561589\" target=\"_blank\" rel=\"noopener\"> its worst day ever<\/a>, losing $25 million in a single session.<\/p>\n<p>That\u2019s a whole lot of investors heading for the exit door.<\/p>\n<p>But it\u2019s not just Ethereum.<\/p>\n<p>Spot Bitcoin ETFs are seeing a similar trend, with a massive $242 million pulled out of them yesterday.<\/p>\n<p>Fidelity\u2019s ETF alone saw $144 million disappear.<\/p>\n<p><a href=\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2024\/10\/Picture3-2.png\"><\/a><\/p>\n<p>Traders are getting nervous about these figures, and it\u2019s hard to blame them.<\/p>\n<p>With all this uncertainty, some are even talking about Bitcoin\u2019s price falling below $60,000.<\/p>\n<p>That\u2019s a stark contrast to the bullish price predictions that many had just last week.<\/p>\n<p>However, the fact that much of this bearishness has been put down to rising geopolitical tensions is actually giving some investors pause.<\/p>\n<p>They\u2019re trying to decide whether this dip is a knee-jerk reaction or a sign of deeper issues.<\/p>\n<p>But it\u2019s anyone\u2019s guess when (or if) we\u2019ll see a turnaround.<\/p>\n<h2>Pepe Unchained Defies Market Chaos with Trending ICO &amp; New Layer-2 Blockchain<\/h2>\n<p>While meme coins are crashing and ETFs are bleeding, one project is standing strong:<a href=\"https:\/\/cryptopotato.care\/b_pepeunchained-en_97830?referrer=meme-coin-prices-tank-as-some-traders-move-funds-into-pepe-unchained-ico\" target=\"_blank\" rel=\"noopener\"> Pepe Unchained<\/a>.<\/p>\n<p>Despite all the chaos, investors are still pouring money into this project.<\/p>\n<p>Pepe Unchained is bringing some real tech to the table with its Layer-2 scaling solution.<\/p>\n<p>Think super-fast transactions and low fees.<\/p>\n<p><a href=\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2024\/10\/Picture4-1.png\"><\/a><\/p>\n<p>Pepe Unchained\u2019s network aims to be much better than Ethereum, where meme coin trades can be slow and pricey.<\/p>\n<p>The team has identified the issues with these coins and decided to fix them.<\/p>\n<p>And their approach is working.<\/p>\n<p>Pepe Unchained\u2019s ICO has already raised $16.9 million, which is impressive, considering most investors are sitting on the sidelines right now.<\/p>\n<p>During the ICO, investors can get the native PEPU token for just $0.0099.<\/p>\n\n<div class=\"embed\"><\/div>\n<p>According to the project\u2019s<a href=\"https:\/\/pepeunchained.com\/assets\/documents\/whitepaper.pdf\" target=\"_blank\" rel=\"noopener\"> whitepaper<\/a>, once the ICO ends, the team plans to list PEPU on a top-tier DEX \u2013 with a CEX listing after if all goes well.<\/p>\n<p>YouTuber<a href=\"https:\/\/youtu.be\/mCSPbbRU-qQ?si=Ln-Em0oWua3H_74U\" target=\"_blank\" rel=\"noopener\"> Austin Hilton<\/a> is excited about the token\u2019s prospects.<\/p>\n<p>He released a video last weekend claiming that PEPU could be \u201cthe biggest meme coin presale launch ever.\u201d<\/p>\n<p>Although that may seem over the top, it highlights the enthusiasm around Pepe Unchained despite the market turmoil.<\/p>\n<p>And if this enthusiasm can be sustained, it\u2019s a project that could be worth keeping an eye on.<\/p>\n<p><a href=\"https:\/\/cryptopotato.care\/b_pepeunchained-en_97830?referrer=meme-coin-prices-tank-as-some-traders-move-funds-into-pepe-unchained-ico\" target=\"_blank\" rel=\"noopener\">Visit Pepe Unchained ICO<\/a><\/p>\n<p><strong>Disclaimer<\/strong><em>: The above article is sponsored content; it\u2019s written by a third party. CryptoPotato doesn\u2019t endorse or assume responsibility for the content, advertising, products, quality, accuracy, or other materials on this page. Nothing in it should be construed as financial advice. Readers are strongly advised to verify the information independently and carefully before engaging with any company or project mentioned and do their own research. Investing in cryptocurrencies carries a risk of capital loss, and readers are also advised to consult a professional before making any decisions that may or may not be based on the above-sponsored content.<\/em><\/p>\n<p><em>Readers are also advised to read CryptoPotato\u2019s\u00a0<a href=\"https:\/\/cryptopotato.com\/disclaimer\">full disclaimer<\/a>.<\/em><\/p>\n<p>The post <a href=\"https:\/\/cryptopotato.com\/meme-coin-prices-tank-as-some-traders-move-funds-into-pepe-unchained-ico\/\">Meme Coin Prices Tank as Some Traders Move Funds Into Pepe Unchained ICO<\/a> appeared first on <a href=\"https:\/\/cryptopotato.com\/\">CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"<p>The meme coin market is in freefall, with big names like PEPE and DOGE falling by double-digits in the past 24 hours. But while most of these coins are struggling, one project stands out. Pepe Unchained (PEPU) continues to thrive \u2013 with its ICO closing in on the $17 million mark. Meme Coins Hit Hard [&hellip;]<\/p>\n","protected":false},"author":0,"featured_media":11088,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-11087","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/11087"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=11087"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/11087\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/11088"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=11087"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=11087"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=11087"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}