Meme coins have had a good run this year, with the likes of PEPE, BOME and DogWifHat (WIF) stealing the limelight from Dogecoin and Siba Inu. In addition, the advent of meme coin launch pads including Pump.fun and SunPump has churned out hundreds of meme coins that have created meme coin culture where tokens rise sharply within short time spans after launch, but often drop just as fast and as sharply.
With PEPE Unchained (PEPU), however, the project team is keen on developing an ecosystem driven by something more than hype. The team is developing an Ethereum Layer 2 blockchain-the first L2 by a meme coin. The L2 chain will offer transaction speeds at 100x the Ethereum blockchain speed, essentially meaning transaction settlements in milliseconds. In addition, it will offer that level of efficiency at and at a lower gas cost.
Furthermore, PEPE Unchained will have a developer grant fund to incentivise developers to build on its L2 blockchain. The program will be available in the fourth quarter of the year, and will give PEPU utility that other mid-cap meme coins lack. Furthermore, it could potentially attract substantial traffic to the ecosystem. In addition, PEPU has a staking mechanism that promises Annual Percentage Yields of up to 118 percent for locked tokens.
The PEPE Unchained presale has been a major success, having raised more than $18 million so far. PEPE Unchained price is currently at $0.0994, but that will rise increamentally in the next phase of the presale.
The project has set aside 7.5 percent of its total supply to go toward liquidity provision, signaling an upbeat launch on DEXs and CEXs once the presale ends. PEPE Unchained has a total supply of 8 bliion $PEPU tokens, but that will be unlocked progressively in bits untill the full volume enters the market in May 2026.
This post was last modified on Oct 10, 2024, 14:19 BST 14:19