Looks like frog-themed tokens are back in the spotlight.
PeiPei (PEIPEI) has jumped by 13% in the past day, making it one of the top meme coin gainers.
Meanwhile, Pepe Unchained (PEPU) is also drawing praise – and has now pulled in over $3 million in its limited-time ICO phase.
Exploring PEIPEI Token’s Dramatic Rise
PeiPei’s making some serious moves right now.
After trading sideways for a few days, PEIPEI has rocketed to $0.00000033.
The token even touched a new all-time high yesterday before pulling back slightly.
This frog coin has clearly caught investors’ attention.
PEIPEI is now sitting at #3 on CoinMarketCap’s trending cryptos list, highlighting its explosive growth.
And the numbers don’t lie.
Spot volumes are through the roof, now sitting at $138 million.
That’s enough to make PEIPEI the world’s 5th most traded meme coin, flipping FLOKI.
What’s wild is that all this is happening while the broader meme coin market is still trying to figure out where to go next.
Additionally, PEIPEI has no utility or use case – so it’s purely driven by speculative buying.
The question is: Will the hype last?
It’s too early to tell, but PEIPEI is on the right track.
Mixed Signals in the Meme Coin Market, But PEIPEI Bucks the Trend
PEIPEI’s rise stands out in a market that’s giving mixed signals.
While DOGE and SHIB have managed slight gains in the past day, others aren’t faring as well.
WIF and BONK are down around 1%, and TURBO has taken a much harder hit, dropping over 4%.
The broader picture isn’t much brighter.
Spot volumes across the meme coin market have dipped slightly, reflecting traders’ general sense of caution.
This caution seems tied to broader market uncertainty.
Bitcoin is still struggling below $60,000, and reports of the German government continuing to sell off their BTC holdings aren’t helping matters.
As such, it’s no surprise the Crypto Fear & Greed Index remains stuck in “Fear” territory.
Despite these headwinds, PEIPEI has managed to buck the trend.
It’s impressive, considering meme coins often follow Bitcoin’s lead.
However, it remains to be seen whether this is a sign of PEIPEI’s strength or just a temporary rally.
When it comes to meme coins, they can often move in unpredictable ways.
So, it’ll be interesting to see where PEIPEI goes in the second half of the week.
Is This the Next Big Frog Meme Coin? Pepe Unchained Presale Hits $3M
While PEIPEI is rallying on the open market, another frog-themed project is doing well in its ICO.
Despite the uncertain conditions, Pepe Unchained just passed the $3 million funding milestone, showing there’s still plenty of appetite for unique meme coins.
What makes Pepe Unchained so exciting is its goal of creating a layer-2 blockchain for joke tokens.
It isn’t just another hype-driven coin with no use case.
Through the layer-2 network, Pepe Unchained aims to offer higher speeds, lower fees, and better volume capacity than Ethereum.
It’s an ambitious plan that could shake up how investors interact with meme coins.
Pepe Unchained also has some attractive staking rewards, with early investors earning estimated yields of 587% per year.
So, not only does PEPU offer potential gains from price appreciation, but it also provides a way for investors to earn passive income.
This dual approach is boosting the token’s appeal massively.
With 20% of the 8 billion token supply set aside for ICO buyers, Pepe Unchained is focusing on the community.
This approach is going down a treat – over 6,600 people now follow the official Twitter page.
The big question is: Can PEPU follow in PEIPEI’s footsteps and see a similar price surge once it hits the open market?
PEPU’s unique value proposition and strong ICO performance are undoubtedly promising signs.
If the development team can maintain this momentum, who knows what the future holds for this new meme project?