One of the hottest meme coin ICOs of 2024 - Pepe Unchained (PEPU) - has hit another major milestone.
It has now raised over $10 million from early investors, despite the weakness in the broader crypto market.
PEPU’s impressive ICO performance is creating quite a buzz, particularly in light of the upcoming meme coin season. Unsurprisingly, experts are bullish on its upside potential, with some even projecting it as the next 100x meme coin.
High Demand For Pepe Unchained ICO
The demand for Pepe Unchained isn’t surprising. Most investors believe that the meme coin mania is on the horizon and PEPU could be one of the strongest-performing tokens after its exchange listings.
After all, Pepe’s success has made frog-themed meme coins the most popular meta. Tokens such as PepeCoin, PeiPei, PONKE and APU have all exceeded expectations this year. With some projecting Pepe to reach a $50 billion market capitalization, these clone tokens could continue to deliver outsized returns.
However, a growing number of smart-money investors are viewing Pepe Unchained as the best alternative to Pepe.
After all, it isn't a run-of-the-mill token hoping to ride Pepe’s coattails. Rather, the developer team behind the project has decided on a bold move - launching its own Layer-2 chain. This native chain is expected to significantly lower trading costs and offer high staking rewards, thus giving PEPU a massive edge over other new ERC-20 meme coins.
Pepe has broken his chains with his own layer 2 blockchain solution:🧠 Instant bridging between ETH and Pepe Chain🧠 Lowest transaction fees🧠 100x faster transaction speeds compared to ETH🧠 Dedicated Block ExplorerJoin the future with Pepe Unchained! ⛓️🐸 pic.twitter.com/hluCsuV1Xz
— Pepe Unchained (@pepe_unchained) July 1, 2024
Indeed, Pepe Unchained could see substantial retail investment, an area where most new Ethereum meme coins struggle.
If this isn’t enough, the meme coin has its own staking program. ICO buyers are already earning attractive passive income at a substantially higher rate than the industry standard. As per the PEPU staking dashboard, the current APY is just under 200%.
Is PEPU The Next Big Meme Coin?
As previously mentioned, smart money investors are bullish on PEPU’s upside potential, with some calling it the next 100x meme coin.
Others are more conservative with their projections, expecting 10x to 50x returns after its launch.
These PEPU price projections aren’t far-fetched. Low-cap meme coins often tend to deliver outsized returns, especially during the bull market euphoria.
For instance, Arkham Intelligence reported that one trader turned $1k into $400k with SunWukong - a low-cap meme token on Tron.
Congratulations to trader TDm2 for turning $1K into $400K on SUNWUKONGTDm2 bought $999.9 of SUNWUKONG before it exited @sunpumpmeme’s bonding curve 2 days ago.After Justin Sun changed his profile picture to Sun Wukong, TDm2’s tokens are now worth $403,187 - a >400x gain.… pic.twitter.com/DYyMAFfjcR
— Arkham (@ArkhamIntel) August 21, 2024
Additionally, the crypto market could see a substantial uptick in liquidity in the coming months, a decidedly bullish scenario for meme coins. Indeed, the US Federal Reserve is set to cut interest rates in September.
Even the often hawkish Fed Chair Jerome Powell adopted a dovish stance at his Jackson Hole address today, calling for a shift in the Fed’s monetary policy.
In such a scenario, risk assets such as meme coins often tend to go parabolic. Why else are Binance and other top-tier CEXs listing meme coins on their spot and futures platform?
Experts are confident a crypto bull market is coming and meme coins will lead the way. Low-cap gems such as Pepe Unchained may outperform Bitcoin as the market sentiment turns from fearful to euphoric.
How to Buy $PEPU
If Pepe Unchained does end up being the next big meme coin, early buyers will be poised to benefit the most.
Additionally, the PEPU staking rewards are designed to decrease, giving maximum returns to the early investors.
However, considering the strong demand for the meme coin during its ICO, interested buyers have a limited window to get on the bandwagon early.
They can visit the project website and purchase PEPU by swapping ETH, BNB, USDT or via a bank card. The over-the-counter widget on the website makes the process as easy as a few clicks.
Investors are also advised to follow the Pepe Unchained X and Telegram accounts to keep up with the latest updates.
Disclaimer: This is a sponsored article and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
