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The Pepe Unchained presale has rocketed past the $28 million mark in the last 24 hours as momentum for Pepe (PEPE) stalls and the meme coin bull run cools down.
PEPE was only able to record a minor price increase throughout the past day of trading after it rocketed during most of the last week. Similarly, the capitalization of the meme coin market only rose 3% in the last 24 hours after surging in the last 7 days.
Almost All Of The Top 10 Meme Coins Undergo A Correction
Many of the top 10 biggest meme coins by market cap have recorded losses in the last 24 hours. Leaders Dogecoin (DOGE) and Shiba Inu (SHIB) saw their prices fall 2% and 7%, respectively. This is after DOGE surged more than 91% in the last 7 days and SHIB gained over 28% during the same period.
Meanwhile, Dogwifhat (WIF), Bonk (BONK) and Floki (FLOKI) bucked the trend and saw their prices increase throughout the past day of trading. Bonk posted the biggest gain of the three after it surged more than 17%.
Newcomer Peanut The Squirrel delivered a standout performance and soared 247% as Brett (BRETT) and Neiro (NEIRO) both plunged over 8%.
Investors Rush To The Pepe Unchained Presale Before The Token’s Tier-1 Exchange Listings
The price drops suffered by many of the leading meme coins could be due to investors shifting their focus to Pepe Unchained (PEPU) ahead of tier-1 exchange listings that are expected in about 30 days.
This comes after a buying frenzy has erupted around the meme coin during its ongoing presale stage, with several whales also identifying the meme coin as a promising prospect.
In addition to the 88% Annual Percentage Yield on offer to ICO buyers, the project’s unprecedented levels of utility could be a major contributing factor to the meme coin’s early momentum.
Pepe Unchained L2 Sneak Peek!
What we're building is not just a new chain, but an entire ecosystem.
🐸Pepe Unchained L2
🐸Block Explorer
🐸DEX
🐸Bridge
🐸Advanced Analytics
🐸Builder GrantsPepe Unchained is coming. And it's going to shake up the crypto space. pic.twitter.com/ZVnvgO6MGF
— Pepe Unchained (@pepe_unchained) September 26, 2024
Not only will the project introduce its own layer 2 network, it will also facilitate the creation of the next wave of decentralized applications (dApps) following the launch of its developer grant program.
Pepe Unchained aims to compete directly with the Solana meme coin launchpad Pump.fun as well with its recently-unveiled token creation platform.
The project’s high levels of utility has excited several experts and analysts, who all shared their bullish outlook for Pepe Unchained.
Prominent YouTuber ClayBro told his over 131K subscribers that PEPU could lead the meme coin market in the upcoming super cycle and potentially overtake PEPE to become the third largest meme coin by market cap.
Adding to the project’s momentum are the tier-1 exchange listings the project’s team revealed earlier today. When the original Pepe meme coinlisted on Binance in May, it went on a parabolic ride to its all-time high of $0.00001718.
Investors now have less than 30 days left to position themselves ahead of Pepe Unchained’s launch, which many analysts say could ignite a turbocharged rally in the token’s price.
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