Pepe Unchained Breaks $6.7M in Presale Amid Meme Coin ‘Death’
Thursday 01 August 2024 – Pepe Unchained ($PEPU) is on an unstoppable streak, effortlessly surpassing the $6.7 million mark in its presale despite the current lull in the meme coin sector.
The new meme coin is now eyeing the $7 million milestone, which will certainly be reached by the end of the week.
Early contributors are betting on Pepe Unchained, with its own Layer 2 chain on Ethereum, to surpass its Layer 1 counterparts, Pepe ($PEPE) and PepeCoin ($PEPECOIN), as the ultimate version of Pepe.
$PEPU’s debut on major exchanges will offer more investors a faster and cheaper way to own a Pepe.
But while the ultimate Pepe version is still hibernating in its Bacta tank, waiting to be unleashed like Darth Vader, those in the know of its presale can grab $PEPU ahead of other investors for $0.008804 per token.
Act fast, though – this price is about to bump up to $0.00883960 in less than 14 hours as it levels up to the next presale stage.
It’s no secret that meme coins have been taking a hit lately. The supercycle seen in the first half of the year has largely dissipated, with one month already in the books in the second half of the year.
Coins that led the charge earlier, such as Floki ($FLOKI), have dropped by 7.71% in the past month. Brett ($BRETT) has declined by 25% in the same timeframe, and Pepe has fallen by 8.66%.
The meme coin index, which tracks the top six meme coins by market cap, dropped by 6.29% over the past month, while all meme coins have seen a collective decline of 5.3% in just the past 24 hours.
The current drop in prices has led experts to suggest that the initial mania has subsided , attributing the shift in market sentiment and reduced hype as the primary causes.
However, if meme coins were
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