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Meme coins are going strong, with Pepe (PEPE) jumping 25% in the past week.
However, there’s a brand new player that’s making waves.
Pepe Unchained (PEPU) is gaining traction in its presale – and has now pulled in over $10.5 million in early funding.
PEPE Coin Rebounds with 25% Price Surge
PEPE’s recent price moves are getting attention.
The frog-themed coin has climbed to $0.0000091, up 25% since last Monday.
However, PEPE was up 37% on Saturday afternoon before cooling off slightly in the past 48 hours.
Overall, this rise has brought PEPE back to where it was on August 3rd.
Now, traders are watching the 50-day Exponential Moving Average (EMA), a critical resistance level that PEPE is trying to break through.
If it does, the next big target could be $0.000010.
In the last 24 hours, PEPE saw over $600 million in trading volume, making it the top-traded meme coin.
And despite the slight drop on Sunday, things are looking up for the token.
Open interest is still above $55 million, suggesting many traders believe PEPE could continue rising.
It’s one that meme coin enthusiasts will be keeping a close eye on this week.
Meme Coin Market Soars After Bitcoin Passes $64,000
PEPE’s gains are grabbing headlines – but it’s not the only meme coin doing well right now.
The whole meme coin market is up, with its total value passing $42 billion and daily trading volumes hitting $3.1 billion.
Some smaller meme coins are actually doing even better than PEPE.
Popcat (POPCAT) is up a massive 94%, while Bonk (BONK) and Floki (FLOKI) have gained 22% and 37%.
Even DogWifHat (WIF) is up 42%.
Seems like there’s enough positivity to go around for meme coins.
However, this bullishness isn’t happening on its own.
Bitcoin (BTC) climbing back above $64,000 has helped, erasing most of August’s losses and boosting confidence in crypto overall.
The Crypto Fear & Greed Index is now at 55, showing investors are slowly becoming more optimistic.
It looks like the tough times for crypto might be ending.
And meme coins are benefiting.
Also, it’s almost certain that the Fed will cut interest rates next month – and may slice them by double the expected amount.
This potential rate cut has investors eyeing riskier assets again, with meme coins standing out as attractive options.
Pepe Unchained Presale Gathers Pace with Innovative Layer-2 Blockchain Plans
As the meme coin market heats up, a new project called Pepe Unchained is getting a lot of attention.
It’s not just copying the original PEPE – it’s trying to shake things up by creating its own blockchain.
PEPU’s presale is going viral, already raising $10.6 million with no signs of slowing.
But what makes this project different?
The main reason is that the team is building something called the “Pepe Chain” – a Layer-2 solution that aims to be 100 times faster than Ethereum.
And with much lower fees.
Pepe Unchained is also offering some attractive rewards to get investors interested.
There are estimated staking yields of 188% per year on offer, and over 849 million PEPU tokens have been locked up already.
Unsurprisingly, this combo of Layer-2 ambitions and staking rewards has gone down a treat with investors.
Pepe Unchained’s Telegram channel has grown to 6,100 subscribers.
YouTuber ClayBro has also mentioned the project, describing it as a “must-have meme coin.”
As with any new project, especially meme coins, it’s tough to say how PEPU will perform when it hits the open market later this year.
But for now, a lot of people in crypto are paying attention.
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