Pepe Unchained ($PEPU) has reached another significant milestone, raising over $12 million in its presale. Early Wednesday, the capital stood at $11.85 million, but the new meme coin that sports its own Ethereum Layer 2 quickly added $150,000 in less than 24 hours.
Rapid Growth
Originally projected to hit the $12 million mark by the end of this week, Pepe Unchained achieved this goal ahead of schedule, thanks in part to whales who have scooped up massive amounts of $PEPU during the market-wide dip on Tuesday. Currently priced at $0.0094982, $PEPU will increase to $0.00953620 as the presale advances to the next stage of fundraising efforts.
Whale Investments
On Tuesday, as Bitcoin ($BTC) lingered near $55,500 and most meme coins in a blood bath, several major investors seized the opportunity to invest heavily in the Pepe Unchained presale. One notable transaction involved the purchase of 24.4 ETH, valued at $56,735 at the time, securing over 6 million $PEPU. An hour later, another investment of 10.8 ETH, worth $26,196.65, acquired approximately 2.76 million $PEPU. These transactions, totaling nearly $83,000, contributed to a rapid influx of capital.
New Meme Coin Leader
Despite not yet being listed on exchanges, Pepe Unchained ($PEPU) is increasingly attracting investor attention as an improved version of Pepe ($PEPE). At its current price, $PEPE is still profitable for those who invested earlier in the year. However, whales’ movement of large amounts to exchanges could be concerning for smaller investors. Historically, the upcoming months have been favorable for Bitcoin, and as the leading cryptocurrency trends upward, altcoins – including meme coins – often follow suit. Significant capital may move from the older version to a new and improved one, complete with its own Layer 2 that makes Pepe Unchained faster and cheaper to acquire.
Pepe Unchained continues to achieve impressive results in its presale, attracting the attention of major investors and showing potential to lead among meme coins. The next target is to reach $13 million.
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