{"id":574620,"date":"2024-09-09T14:37:45","date_gmt":"2024-09-09T14:37:45","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=574620"},"modified":"2024-09-09T14:37:45","modified_gmt":"2024-09-09T14:37:45","slug":"is-vitalik-buterin-backing-pepe-unchained-as-scaling-market-heats-up-new-pepe-zooms-past-12-5m-in-presale","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/is-vitalik-buterin-backing-pepe-unchained-as-scaling-market-heats-up-new-pepe-zooms-past-12-5m-in-presale","title":{"rendered":"Is Vitalik Buterin Backing Pepe Unchained As Scaling Market Heats Up? New Pepe Zooms Past $12.5M In Presale"},"content":{"rendered":"

While Vitalik Buterin may be stepping away from the Layer 2 investment landscape, the sector is far from cooling down as new Ethereum Layer 2 project, Pepe Unchained ($PEPU)<\/a>, has recently surpassed the $12.5 million mark in its ongoing presale.<\/p>\r\n\r\n\r\n\r\n

In just over three months, Pepe Unchained has quickly established itself as a solution to the current kinks in Pepe ownership and is emerging as a formidable contender in the future meme coin landscape. More importantly, its Layer 2 solution is shaping up to be a potential meme coin launchpad that could outpace competitors such as Solana’s Pump.fun and Tron’s SunPump.<\/p>\r\n\r\n\r\n\r\n

The influx of capital to the project continues unabated, with investors and market observers eagerly anticipating its upcoming release. This excitement takes on added significance as the release might align with the slumbering bulls of the broader market, poised to reawaken in Q4.<\/p>\r\n\r\n\r\n\r\n

The investor fervor surrounding Pepe Unchained, bolstered by substantial support from major investors, has driven the price of $PEPU up since its presale debut. Currently, $PEPU is priced at $0.0096126 but is expected to rise to $0.009651 in less than two days as it possibly nears the end of its presale.<\/p>\r\n\r\n\r\n\r\n

Prospective investors should act swiftly while $PEPU remains available at a discount. Once the presale concludes, acquiring $PEPU at its current rate may become increasingly challenging, if not impossible.<\/p>\r\n\r\n\r\n\r\n

Vitalik Buterin Favors Donating To Projects He Considers “Valuable”<\/h2>\r\n\r\n\r\n\r\n

Vitalik Buterin has recently indicated that he won’t be investing in any Layer 2 projects for the time being, a statement he made shortly after moving 1.28 million Starknet ($STRK) tokens<\/a> – at the time worth around $470,000 – into his wallet.<\/p>\r\n\r\n\r\n\r\n

It is anticipated that these withdrawn tokens will be directed towards “supporting public goods within the Ethereum ecosystem or broader charitable causes,” as Buterin revealed in a recent statement.<\/p>\r\n\r\n\r\n\r\n

He has emphasized his intent to channel resources into projects he believes the ecosystem may be undervaluing strictly through donations rather than investments.<\/p>\r\n

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BTW the above also applies to L2 tokens or other project tokens I hold (incl not-yet-liquid): all proceeds will be donated, again either to support public goods within the ethereum ecosystem or broader charity (eg. biomedical R&D).

I also do not intend to invest into L2s or…<\/p>— vitalik.eth (@VitalikButerin) September 5, 2024<\/a><\/blockquote>