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Meme coin titan Pepe (PEPE) slumped 8% in the last 24 hours as new rival Pepe Unchained (PEPU) skyrocketed 164%, making a blistering start to its quest to dethrone Pepe as the undisputed king of frog-themed cryptos.
PEPU made its decentralized exchange (DEX) debut yesterday, Dec. 10, on the Ethereum-based Uniswap V3, soaring to a market cap of $172 million and hitting a new all-time high of $0.02522 earlier in today’s trading session.
There’s also strong momentum behind the coin as it trends at No. 4 on CoinMarketCap, ahead of Bitcoin, Pepe, Ethereum, and Solana.
Its blockbuster presale and surging launch is also igniting speculation that it might win a coveted listing on Coinbase, Binance, or both after its team teased at upcoming major exchange listings.
Pepe Unchained Raised Almost $74 Million In Blockbuster Presale
Pepe Unchained’s recent price surge follows the crypto’s hugely successful ICO, which raised almost $74 million after selling out early. As a result, Pepe Unchained is the best-performing presale of the year, and one of the biggest of all time.
In recent weeks, several analysts have also stepped forward to share their bullish predictions on PEPU. Among them is an analyst from the 99Bitcoins YouTube channel, which has over 706K subscribers, who said that PEPU could turn a $1K investment into $10K.
Pepe Unchained makes no bones about the fact its aim is to displace Pepe as the top frog-themed crypto, and even mocks the OG PEPE’s clunky, slow life on the old Ethereum blockchain.
PEPU trumpets its proprietary layer 2 blockchain as a massive upgrade for Pepe that comes with lightening-fast transaction speeds and much lower fees.
It argues that its superior utility is a game changer set to shake up the top of the meme coin ranks and backs it with an entire ecosystem that makes the original Pepe look like, well, just a meme coin.
PEPU will soon launch Pepe Pump Pad, a meme coin launchpad that will rival Solana’s Pump.fun, and is offering developer grants to attract the top brains in the industry to keep its blockchain on the leading edge.
New PEPE Derivative On Track To Repeat PEPU’s ICO Success
While it’s PEPE looking over its shoulder at a new rival right now, PEPU might be doing the same soon.
That’s because yet another PEPE derivative by the name of Wall Street Pepe (WEPE) is fast-emerging as another strong challenger in the frog-themed meme coin world.
Who said money doesn’t grow on trees 🐸⚔️ pic.twitter.com/tRLhkEnEBu
— Wall Street Pepe (@WEPEToken) December 4, 2024
WEPE has raised a huge $4.1 million in slightly more than a week since it launched, already outpacing the early performance of PEPU’s record-breaking ICO.
WEPE is on a mission to empower retail traders through its exclusive insights and alpha trade calls. It hates that whales hide in insider groups and dominate crypto markets, and so decided to create the ”WEPE Token Army” to help level the playing field.
Underscoring the potential for growth of both PEPU and WEPE is the fact that PEPE, the third-biggest meme coin with a market cap of $9.8 billion, has skyrocketed 84,178% from an all-time low that it hit in April last year.
YouTuber ClayBro, with more than 133k subscribers, said recently that ”Wall Street Pepe will make millionaires.”
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