{"id":556268,"date":"2024-07-23T13:56:38","date_gmt":"2024-07-23T13:56:38","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=556268"},"modified":"2024-07-23T13:56:38","modified_gmt":"2024-07-23T13:56:38","slug":"pepe-unchained-presale-soars-past-5-million-raised-in-a-month-and-altcoin-season-has-barely-started","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/pepe-unchained-presale-soars-past-5-million-raised-in-a-month-and-altcoin-season-has-barely-started","title":{"rendered":"Pepe Unchained Presale Soars Past $5 Million Raised In A Month And Altcoin Season Has Barely Started"},"content":{"rendered":"

After bagging $4 million last week, Pepe Unchained ($PEPU)<\/a> is back on the grind, pushing its total funds raised to over $5 million.<\/p>\r\n\r\n\r\n\r\n\r\n\r\n

Pepe’s latest and most badass version, complete with its own Layer 2 chain on Ethereum, marked its one-month milestone by swiftly raising $1 million in the last three days.<\/p>\r\n\r\n\r\n\r\n

The crypto market isn’t yet in full altcoin season mode, but that hasn’t stopped investors from pouring new capital into Pepe Unchained week after week, seeing it as not just an improved Pepe but the new face of the cryptofication of meme culture.<\/p>\r\n\r\n\r\n\r\n

Currently priced at $0.008596, its native token, $PEPU, will jump to $0.00863040 in less than 24 hours as it smashes another presale stage with relative ease.<\/p>\r\n\r\n\r\n\r\n

Now’s the perfect time to grab some $PEPU before it hits major exchanges and its Layer 2 chain goes live.<\/p>\r\n\r\n\r\n\r\n

Once that happens, $PEPU’s price direction is set on course to the moon, and anyone who missed out now will have no choice but to kick themselves.<\/p>\r\n\r\n\r\n\r\n

Ethereum And Other Altcoins Have Not Outperformed Bitcoin Yet<\/h2>\r\n\r\n\r\n\r\n

Bitcoin surged to above $67,000, up by 4.62% in the past week, likely sparked by President Biden’s withdrawal from the presidential race, which was seen as a win for “crypto president” Donald Trump.<\/p>\r\n\r\n\r\n\r\n

Meanwhile, Ethereum climbed by 0.64% to $3,482 as the market anticipates the first day of trading of its new ETFs on Tuesday. <\/p>\r\n\r\n\r\n\r\n

The rest of the crypto market took a breather from last week’s hot streak, slowing down by 1.43% over the previous 24 hours. During the same period, the meme coin sector experienced a modest decline of just 3.7%. <\/p>\r\n\r\n\r\n\r\n

Despite this, Pepe Unchained’s predecessor, Pepe ($PEPE), has maintained positive growth with an 8.8% increase over the past seven days. Other leading meme coins also performed strongly during this time, with DogWifHat ($WIF), Bonk ($BONK), and Dogecoin ($DOGE) seeing gains of 23.5%, 11.6% and 9%, respectively.<\/p>\r\n\r\n\r\n\r\n

With the top meme coins outperforming Bitcoin, the market may appear to have entered an altcoin season. <\/p>\r\n\r\n\r\n\r\n

However, this probably isn’t the case, as the Altcoin Index remains low at just 24, indicating that investors still have their sights on Bitcoin.<\/p>\r\n\r\n\r\n\r\n

\"\"<\/figure>\r\n\r\n\r\n\r\n

Altcoin Season Index: Is it Altseason right now? (blockchaincenter.net)<\/a><\/p>\r\n\r\n\r\n\r\n

A true altcoin season typically begins when at least 75% of the top cryptocurrencies outperform Bitcoin over the past 90 days. The most recent instances of an altcoin season occurred in January and March of this year, which preceded the meme coin boom.<\/p>\r\n\r\n\r\n\r\n

Therefore, there’s still plenty of room for meme coins to embark on a second wave, since investors haven’t fully caught onto this sector yet. That means the gains seen now might be the start of something big.<\/p>\r\n\r\n\r\n\r\n

Even though it’s not quite altcoin season yet, it raises questions about why Pepe Unchained<\/a> is suddenly raking in so much cash in such a short time. <\/p>\r\n\r\n\r\n\r\n

It seems like some folks are recognizing something special in Pepe Unchained that others haven’t entirely picked up on yet – sort of like how only a handful saw Bitcoin’s potential way back when.<\/p>\r\n\r\n\r\n\r\n

Pepe Unchained Is A Top 10 Layer 2 On Ethereum<\/h2>\r\n\r\n\r\n\r\n

Pepe is an iconic and universally recognizable meme that has stood the test of time, remaining highly relevant in internet culture.<\/p>\r\n\r\n\r\n\r\n

Its meme coin representations, $PEPE and $PEPECOIN, stand as the crypto community’s shining example of the fusion between internet culture and financial sovereignty.<\/p>\r\n\r\n\r\n\r\n

However, these old Pepes are broken. They are slow and expensive to acquire.<\/p>\r\n\r\n\r\n\r\n

But all of that is about to change with the launch of their ultimate version: Pepe Unchained<\/a>.<\/p>\r\n\r\n\r\n\r\n

Pepe Unchained introduces its own Layer 2 chain on Ethereum, significantly reducing the cost of acquiring more $PEPU. Layer 2 solutions provide scalability, lower transaction fees, and increased throughput.<\/p>\r\n\r\n\r\n\r\n

While old Pepes blend internet culture with financial sovereignty, Pepe Unchained seamlessly merges internet culture with frictionless financial sovereignty.<\/p>\r\n\r\n\r\n\r\n

This distinction has earned Pepe Unchained recognition as the top Layer 2 chain on Ethereum<\/a> by leading crypto publication CryptoNews, and 99 Bitcoins on YouTube predicts it to be the next meme coin poised for a 10x return.<\/p>\r\n