Pepe Unchained ICO: L2 Sneak Peek and Whale FOMO Pumps Funds to $16.5M
The Pepe Unchained ($PEPU) presale has soared to even greater heights in its ICO, earning it the moniker of the notorious P.E.P.U with an impressive $16.5 million in its bag.
Just five days ago, this new Pepe meme coin crossed the $15 million threshold, hitting $16 million on Saturday.
Kicking off the new week, it raised an additional $500,000, proving to the crypto world that $PEPU is truly the Big Poppa among all Pepe coins.
The whirlwind of excitement fueling $PEPU’s presale the past few days stems from a potent blend of factors.
A sneak peek of its upcoming Layer 2, shared on its socials last week, has stirred up interest, while the relentless FOMO from crypto whales on Friday has driven the demand for $PEPU even higher.
Pepe Unchained’s $PEPU will remain on presale at $0.00989 per token for the next 34 hours, after which the price will shift to $0.0099 in the next funding round.
Bitcoin’s ($BTC) winning streak extends into a third week as it seeks to surpass the $66,000 mark, bringing it tantalizingly closer to $68,000 – a level it hasn’t reached since July.
According to Amberdata, the prospects of reaching that price level appear positive, bolstered by bullish momentum as traders observe significant call options buying activity at the $75,000 strike price.
This positive trading activity followed Bitcoin spot ETF inflows, which surpassed $1 billion last week.
Due to the market’s increased Bitcoin appetite, the broader market, particularly meme coins, has also seen significant gains, reaching a total market capitalization of $53.4 billion on Sunday.
Despite a slight drop on Monday, several top meme coins have performed impressively over the past week, with Shiba Inu ($SHIB), DogWifHat ($WIF), and Pepe ($PEPE) up by 25.83%,
Read more on cryptonews.com
