Pepe Unchained Hits $3M in Presale as Interest Fades in $PEPE
Since launching its presale less than a month ago, Pepe Unchained ($PEPU) has already smashed through the $3 million milestone, and the exciting part is that it continues to pull in significant investments week after week.
Averaging about $1 million in new funds weekly, this new meme coin, promising to “make Pepe great again”, could very well double its investment inflows in the weeks ahead as early contributors are banking on it to surpass its predecessor, Pepe ($PEPE).
$PEPE emerged as a star among meme coins this year, leading the rally in the first quarter with an astonishing return of 1,235% for early investors.
On the flip side, Pepe Unchained has the mojo to match and outshine $PEPE’s success. It’s souped up with faster and cheaper transactions thanks to its own Layer 2 chain on Ethereum.
The current presale price for its native token, $PEPU, is $0.0083591, but it’s set to increase to $0.00839260 in less than two days.
Secure your tokens now and leap onto the upgraded Pepe experience.
The meme coin sector has jumped by 3.7% in the past 24 hours, as the broader cryptocurrency market shows some sparkle of hope after more than a month of gloom.
While some meme coins are no longer bleeding red, the stars of the 2024 meme coin boom are losing some sparkle, notably our froggy friend, $PEPE.
From its all-time high of $0.00001718, it’s taken a nosedive of 46% and just shed 26.8% in the past two weeks alone.
But it doesn’t end there. Coinalyze data shows a dip in its aggregated open interest since its peak in late June, signaling a decline in interest in trading its futures contracts, with most positions now closed.
Then, there are negative funding rates that have persisted since mid-June, which means short
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