Pepe Unchained (PEPU) is a new frog-themed meme coin that has recently gained traction. Within two weeks of its presale, it has raised over $1.5 million.
Will this new Pepe token with its own blockchain be the next meme coin to explode and make massive returns during this bull run?
Pepe Unchained Marks a New Era for Meme Coins
The world of meme coins is about to witness a revolution with the introduction of Pepe Unchained. Using the popularity of Pepe the Frog, PEPU aims to elevate meme coins by integrating a Layer 2 Ethereum blockchain.
Ethereum already has limitations in terms of speed and cost. Averaging at 15 transactions per second where each transaction can cost around $1 during low congestion.
During high-congestion events — such as minting a popular NFT collection, as we’ve seen with Yuga Labs Otherdeeds mint — a single transaction can cost more than $500.
This is unsustainable for meme coin trading, where speed and price are paramount. Given the high frequency of transactions involved, many investors are looking for a more scalable solution.
Pepe Unchained Solves Ethereum’s Scaling Issues
By building its own Layer 2 blockchain on top of Ethereum, Pepe Unchained can bundle multiple transactions into one and send them for settlement on the Ethereum Mainnet.
This new approach delivers 100 times faster transactions at a fraction of the cost, allowing for more efficient meme coin trading.
With instant bridging between the Pepe Chain and Ethereum, users can move their assets on the Pepe Chain, trade efficiently, and bridge back to Ethereum Mainnet whenever they choose.
Additionally, the Pepe Chain features a dedicated block explorer, giving users transparent access to all transactions on the blockchain.
If the project is successful, it could turn Pepe Unchained into a strong competitor not only to meme coins but also to other Layer 2 blockchains, including Polygon, Arbitrum, and Optimism.
Pepe Chain: A Potential Rival to Shibarium
Shiba Inu, the second-most popular meme coin in terms of market cap, has already built its own Layer 2 blockchain. This allows it to grow its ecosystem by adding a decentralized exchange, play-to-earn games, and a metaverse.
Thanks to its massive utility, Shiba Inu has a market cap of over $10 billion. There are no Pepe-themed meme coins on the market currently that offer their own Layer 2 blockchains This gives Pepe Unchained a first-mover advantage.
Transcending the Original Pepe Meme
Most frog-themed meme coins use Pepe the Frog as their mascot in one form or another. This character, which was popular in the early 2000s, is even more popular today in crypto.
The original PEPE meme coin has a market cap of slightly below $5 billion. Three more Pepe-themed meme coins, BOME, PEPECOIN, and APU, have a market cap of over $100 million each, showing a strong interest in Pepe meme coins.
However, many of these Pepe Unchained competitors are not audited. To give investors peace of mind, Pepe Unchained is audited by Coinsult.
With over $1.5 million raised within two weeks, Pepe Unchained could see the investor support required to challenge the original Pepe for the top spot.
Achieve Maximum Profits with Double Staking Rewards
Thanks to using its own blockchain, Pepe Unchained can offer generous staking rewards during the presale. Early investors can reap the benefits of over 1,000% annual percentage yield (APY) by staking their tokens.
This APY is dynamic, meaning the rewards will drop as more tokens are staked, giving early birds the biggest advantage.
PEPU’s current presale price stands at $0.0081939. However, it will go up every few days. Interested investors looking to participate in the presale should consider doing so early to take advantage of the highest APY and the lowest token price.
Read the Pepe Unchained whitepaper to learn more about the project. Following Pepe Unchained on X (Twitter) and joining their Telegram group is a great way to stay up to date.