Pepe Unchained has surpassed the $20 million mark in its presale, marking significant momentum as the project opens up applications for developer grants and reveals new L2 features on its platform.
Pepe Unchained ($PEPU) has just crossed a major milestone in its presale, reaching over $20 million in funding. Coming off the back of an $18 million milestone just last week, the project has added a further $2.1 million in new investments, with no signs of slowing down.
Investors are flocking to Pepe Unchained, eager to support its ambitious plans, including a high-performance L2 blockchain that aims to outshine its meme coin competitor, Pepe ($PEPE).
The presale is quickly approaching a price hike, with $PEPU currently priced at $0.0103. This round closes in under 24 hours, at which point the token price will rise to $0.0106, providing a clear incentive for early backers to jump in now.
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Meme Coin Market Surpasses $54 Billion as Bullish Trend Continues
As October kicks into gear, the broader cryptocurrency market is also seeing bullish momentum. Bitcoin briefly touched $68,000 on Wednesday, sparking optimism across the sector, particularly in the meme coin space. The overall market capitalization for meme coins has surpassed $54.1 billion, topping the late September peak of $53 billion.
Among the top performers, Bonk ($BONK) and Mog Coin ($MOG) saw impressive 24-hour gains, up 7.22% and 6.73%, respectively. Meanwhile, newly launched meme coins like Turbo ($TURBO) surged by 68%, and Goatseus Maximus ($GOAT) skyrocketed by 174%, indicating a strong demand for new entrants in the meme coin world.
These gains mirror the meteoric rise of Neiro ($NEIRO) last month, which saw its market cap leap from $15 million to $800 million within weeks. Historically, October has been a profitable month for crypto, and market analysts are expecting a strong finish to the year, with November often regarded as the best-performing month for crypto returns.
Pepe Unchained Now Accepting Developer Grant Applications
Building on this bullish trend, Pepe Unchained has also announced a new update that is set to shape the future of its ecosystem. The project has officially opened applications for developer grants, aimed at attracting creative minds to build decentralized applications (dApps) on its L2 platform. With faster and cheaper transactions than Ethereum, Pepe Unchained’s L2 chain is designed to provide a superior experience for both developers and users.
Prospective developers can apply for grants by completing a simple form on the Pepe Unchained website. Once the form is submitted, the project’s Pepe Council will review applications on a rolling basis, awarding grants to the most innovative projects that utilize the platform’s capabilities.
This initiative is a crucial step for Pepe Unchained, as the growth of its ecosystem will depend heavily on the success of the dApps built on its L2 chain. With its presale surging past $20 million, the project now aims to solidify its position as a serious competitor in the meme coin market.
$15 Million of $PEPU Staked, Signaling Long-Term Investor Confidence
The value locked in Pepe Unchained’s staking protocol is another sign of the project’s growing momentum. Approximately $15 million worth of $PEPU tokens—roughly 75% of all presale funds—are currently locked into staking. This demonstrates a high level of confidence among early investors in the long-term success of the project.
The staking system allows investors to earn rewards while locking up their tokens, ensuring that $PEPU has both immediate utility and long-term growth potential. As the ecosystem expands and new dApps are launched on Pepe Unchained’s L2 chain, demand for the token is expected to increase, further boosting its value.
Despite still being in its presale stage, Pepe Unchained has already outperformed many of its competitors. Without even securing a major exchange listing yet, the project is giving its rival, Pepe ($PEPE), a serious run for its money. Many analysts, including Austin Hilton, believe that missing out on this presale could be a significant missed opportunity.
What’s Next for Pepe Unchained?
With the presale continuing to gain momentum and the project rapidly rolling out updates, Pepe Unchained is positioning itself as a key player in the meme coin space. The acceptance of developer grant applications marks the next phase of growth for its ecosystem, and the success of the project will largely depend on how developers leverage its L2 technology.
For those who haven’t yet secured their position in the presale, the clock is ticking. The current round is set to end soon, and with it, the opportunity to buy $PEPU at the discounted price of $0.0103. Pepe Unchained’s smart contract has undergone rigorous audits by Coinsult and SolidProof, with no critical issues reported, ensuring investor security.
To stay informed on the latest developments, prospective investors can follow Pepe Unchained’s updates on X (formerly Twitter) and Telegram. The team frequently engages with the community, providing insights and updates on the project’s progress.As meme coins continue to dominate the crypto landscape, Pepe Unchained could be the next success story, following in the footsteps of other top performers like Neiro and Goatseus Maximus.
