Pepe Unchained Blows Past $18M ICO Milestone, Raises Additional $1M in Less Than a Week

cryptonews.com:

Pepe Unchained ($PEPU) continues to strut its stuff in its ICO after hitting the $18 million milestone early Tuesday.

The new Pepe-themed meme coin just crossed the $17 million mark on October 3, and in less than a week, it raised $1 million more, driven primarily by whale FOMO.

With many developments underway, including a developer grants application set to launch this quarter and a recently posted teaser of its upcoming Layer 2, it’s no wonder this influx of capital has occurred even amid meme coins receiving their fair share of investor attention.

These new updates to Pepe Unchained indicate that its Layer 2 could be nearing completion, suggesting that its fundraising efforts may also be close to concluding.

While there is no official announcement, investors still have an opportunity to buy $PEPU for $0.00994. However, in less than two days, the price of one $PEPU will jump to $0.00995 in what could be one of the final funding rounds before the ICO concludes.

Meme coins reached a total collective valuation of $49.33 billion on Monday, per CoinMarketCap data.

While most tokens in the sector have yet to see gains on Tuesday, some have performed exceptionally well. For instance, First Neiro on Ethereum ($NEIRO) soared by 14.95% in the past 24 hours, while SPX6900 ($SPX) surged by 30.96% and Maga ($TRUMP) gained 24.75%.

Despite the sector dropping by 5% as Bitcoin ($BTC) struggled to climb beyond the $64,000 price level, meme coin trading volume reached $7.41 billion, a 27.25% jump in the same timeframe. The Tuesday dip could be a brief pause for these whimsical assets to prepare for a larger breakout in the month ahead.

In fact, the market appears hungry for greater gains than mainstream cryptos like Bitcoin and Ethereum ($ETH)