Pepe unchained surpasses $3m in ICO, launches layer 2 blockchain
By Esther Agbo
Pepe Unchained (PEPU), touted as a strong alternative to the popular frog-themed meme coin PEPE, has achieved a significant milestone by raising over $3 million during its Initial Coin Offering (ICO). This success has positioned PEPU as one of the fastest-growing assets in the crypto industry.
The PEPU team announced their $3 million achievement on X (formerly Twitter), expressing gratitude to their supporters with a post stating, “Another chain broken! Pepe officially hits $3M! Thank you for the incredible support. The journey is just beginning.”
As an alternative to the well-known PEPE coin, Pepe Unchained has now introduced its own layer 2 blockchain. This new blockchain, compatible with Ethereum, aims to facilitate mass adoption and interoperability. It also offers high staking rewards, lower trading costs, and rapid transactions by bridging Ethereum and Pepe Unchained.
The launch of this layer 2 blockchain has attracted significant investor interest, as it is uncommon for a project within the memecoin ecosystem to develop such an advanced blockchain solution. However, Pepe Unchained will need to navigate the challenges posed by high traffic on the Ethereum network, which has impacted other layer 2 blockchains like Arbitrum and Optimism.
Pepe Unchained is part of the broader PEPE community, which includes various tokens inspired by the frog-themed meme coin, such as Pepe 2.0, PepeFork, PepeCoin, and PeiPei (the Chinese Pepe).
Experts predict that Ethereum could drive the next crypto market bull run, especially with the upcoming trading of Spot Ethereum ETFs set to begin in mid-July.
This development is expected to attract substantial institutional investment, potentially leading to a surge in prices for Ethereum-based memecoins like FLOKI and PEPE. Consequently, PEPU is anticipated to benefit from this bull run, with several analysts and crypto influencers forecasting bullish trends for the token.
The popular YouTube channel 99 Bitcoins has highlighted PEPU as a potential 100X memecoin following its impressive ICO performance.
Currently, Pepe sits at number 27 on Coingecko’s list of top crypto assets, boasting a market capitalization of $3.9 billion. Analysts expect PEPE to be a significant beneficiary of the Ethereum ETF-backed bull run, potentially surpassing other memecoins like Shiba Inu and Dogecoin.
