Pepe Unchained (PEPU), a new entrant in the meme coin market, has raised a whopping $15.2 million in its initial coin offering (ICO). The presale is ongoing and the current token price is $0.00985.
Investors can purchase PEPU tokens using Ethereum, Tether, Binance Smart Chain, or bank cards. Large investors, often referred to as "whales," have made significant contributions. Some transactions reached 23 ETH and 10 ETH.
The ICO's success has boosted Pepe Unchained's social media presence. Speculation about potential exchange listings is rife. Rumors suggest a decentralized exchange (DEX) listing could occur this year, and a centralized exchange (CEX) listing may follow.
The project's whitepaper outlines token allocation plans. Developers have set aside 7.5% of the total supply for exchange liquidity. Another 7.5% will fund project development.
This strategy suggests a long-term vision for the project.
Pepe Unchained is developing a Layer-2 network for meme coins. The network aims to offer faster transactions and lower fees than Ethereum, and it will also maintain strong security measures.
The team has announced a developer grant program called "Pepe Frens with Benefits". This initiative aims to attract talent to build on the Layer-2 chain. The focus is on decentralized applications (dApps), non-fungible token (NFT) projects, and decentralized finance (DeFi) tools.
Security audits have been conducted by Coinsult and SolidProof. These audits aim to enhance the project's credibility. The ecosystem includes a double-staking protocol. Token holders can stake PEPU and earn annual percentage yields (APYs) of 138%. Investor interest in the staking feature is high. Over 1.1 billion PEPU tokens have been locked in staking already, this demonstrates confidence in the project's long-term prospects.
The presale market for cryptocurrencies is active with investors seeking new opportunities. Meme coins continue to generate headlines and attract attention and Pepe Unchained is positioning itself as a leading contender in this space.
The project's combination of meme appeal and technical features is noteworthy. It offers a Layer-2 solution, staking rewards, and plans for ecosystem development. These factors contribute to its growing popularity among cryptocurrency investors.