Pepe Unchained Presale Smashes $17.1M as Whale FOMO Intensifies
Pepe Unchained ($PEPU) continues to smash milestone after milestone in its presale, with its latest fundraising round surpassing the $17 million mark.
The most bad-ass version of Pepe is proving that it has the biggest brain in the game, as its existence of just over three months is already posing a serious threat to its predecessors.
With a recent teaser of its upcoming Ethereum Layer 2 launch and a developer grant application underway this quarter, investors couldn’t FOMO enough, pouring in substantial funds, including another whale splash in the $PEPU ICO on Thursday.
Investors who have yet to join can purchase $PEPU for $0.00991 before the price adjusts to $0.00992 in less than 31 hours.
Rising geopolitical tensions in the Middle East, sparked by Iran’s attack on Israel, have spooked the market, causing Bitcoin to fluctuate dangerously below $60,000.
After peaking at $66,508 following a strong final week of September, Bitcoin’s October start has not fared well. Investors even abandoned the Bitcoin safe-haven narrative by offloading $3 billion in BTC on exchanges at a loss.
Bitcoin Price: BTC Live Price Chart, Market Cap & News Today | CoinGecko
As a result of the top crypto’s slump, altcoins – mainly meme coins – have experienced an accelerated downturn, with most major tokens remaining in the red on Thursday and suffering double-digit losses over the past 24 hours.
DogWifHat ($WIF) dropped 16%, Bonk ($BONK) fell 17.7%, and Pepe Unchained’s predecessor, Pepe ($PEPE), lost 12.82%.
Despite these recent losses among meme coins, Pepe Unchained’s ICO is bucking the trend, successfully raising $1 million in just four days.
This suggests that the swift shift from risk-on to risk-off at the start of October has not deterred
Read more on cryptonews.com
