Pepe meme coin price drops as investors shift focus to new Layer-2 meme coin project Pepe Unchained with promising presale.
On August 12, PEPE’s price dropped below $0.00008, marking a 15% decline over the past three days. This downturn has sparked concern among investors, particularly those who had bought the dip during the previous week’s rebound.
Despite this decline, there’s growing speculation that the current correction could be a bear trap, as bullish traders continue to maintain significant leverage positions.
While PEPE struggles to regain its footing, a new contender has emerged in the meme coin space—Pepe Unchained (PEPU).
Currently in its presale phase, PEPU is gaining significant traction, having already raised over $8.7 million. As PEPE faces resistance, some whales are beginning to shift their focus to this promising Layer-2 meme coin, believing it could be the next big player in the space.
PEPE’s Struggles and Potential Bear Trap
The recent performance of PEPE has been a rollercoaster, to say the least. Following a strong rebound after the August 5 market crash, PEPE’s price surged significantly, driven by positive news such as Brazil’s approval of spot SOL ETFs and Russia’s authorisation of crypto mining. These developments injected a wave of optimism into the market, pushing PEPE to a 54.3% rally between August 5 and August 9.
However, this bullish momentum was short-lived. As traders who bought the dip began to book profits, PEPE’s price failed to sustain the rally, stalling at the $0.00008 resistance level. This failure to break through the $0.00001 mark led to a swift 15% decline over the weekend, leaving investors questioning the sustainability of PEPE’s recent gains.
Enter Pepe Unchained: The Next Big Meme Coin?
As PEPE navigates these turbulent waters, another meme coin, Pepe Unchained (PEPU), is rapidly gaining attention and investment. Unlike many meme coins that ride on the coattails of fleeting internet trends, Pepe Unchained is positioning itself as a serious contender in the cryptocurrency space, with a focus on building a robust Layer-2 network specifically designed for meme coins.
Pepe Unchained’s presale has already exceeded expectations, raising over $8.7 million. Investors are flocking to the project, attracted by the potential for significant returns and the innovative features that PEPU promises. The token is currently priced at just over $0.009, but with the presale stages advancing quickly, this price won’t last long.
INVEST IN $PEPU EARLY BEFORE IT BECOMES NEXT 100X CRYPTO
One of the key selling points of Pepe Unchained is its multi-chain nature. PEPU is designed to operate seamlessly across multiple blockchains, including Ethereum, Solana, Avalanche and the BNB Chain. This cross-chain flexibility makes PEPU a versatile player in the meme coin market, potentially giving it an edge over other coins that are confined to a single blockchain.
The Vision Behind Pepe Unchained
Pepe Unchained is not just another meme coin hoping to ride the wave of internet virality. The project’s team has ambitious plans to build a Layer-2 network that is specifically optimised for meme coins.
According to the project’s whitepaper, this Layer-2 network will be 100 times faster than Ethereum, offering drastically lower transaction fees and instant bridging to Ethereum. If the team can deliver on these promises, Pepe Unchained could become a central hub for meme coin activity, attracting creators and investors alike.
In addition to its Layer-2 ambitions, Pepe Unchained offers a unique “double staking” feature. This allows PEPU holders to earn a 226% annual yield on their tokens, a significant incentive for investors to lock up their coins. Already, over 678 million PEPU tokens have been staked, signalling strong confidence in the project’s future.
The buzz surrounding Pepe Unchained is not just limited to its technical capabilities. The project is also gaining traction on social media, with its official Twitter account seeing rapid growth and engagement. Moreover, Pepe Unchained has secured top rankings on ICOBench.com and CoinSniper.net.
Endorsements and Market Potential
The hype around Pepe Unchained has been amplified by endorsements from popular YouTubers. Zach Humphries, a crypto YouTuber with over 150,000 subscribers, recently highlighted PEPU’s potential, calling it a project with “big potential”.
Another YouTuber, ClayBro, went even further, labelling Pepe Unchained as the “top meme coin coming up”. These endorsements are significant in the meme coin space, where YouTuber opinions can have a substantial impact on market sentiment.
With its presale gaining momentum and its Layer-2 plans generating excitement, Pepe Unchained is positioning itself as a strong contender in the meme coin market. The project’s roadmap includes key milestones such as security audits, listings on CoinMarketCap and CoinGecko and eventual listings on centralised exchanges (CEXs).
BUY $PEPU NOW AT ITS LOWEST PRICE POINT
As the presale continues, now is the time to consider investing in Pepe Unchained. The potential for high returns, combined with the project’s innovative approach and strategic vision, makes it a standout in a crowded market.
Don’t miss out on the opportunity to be part of this exciting new project—visit the Pepe Unchained presale today and stake your claim in the future of meme coins.
