Pepe Unchained Presale Hits Over $17M; Crypto Whale FOMO Amplifies
- Pepe Unchained ($PEPU) has raised over $17M since launching on presale just three months ago.
- Contributing to its success are whale buyers, having acquired a staggering ~$111.8K $PEPU since last month.
- Although the market sentiment is bleak following geopolitical unrest, investor optimism over its developer grant application and Layer-2 (L2) network is evident.
Pepe Unchained ($PEPU) continues to achieve one feat after another on presale, with its latest fundraising round surpassing an impressive $17M.
This Pepe on steroids is proving to bea giant brain in the crypto game. Its success since launching three months ago poses a serious threat to its predecessors.
Whale buyers poured substantial funds into the $PEPU initial coin offering (ICO) on Thursday following the project's teaser of its upcoming Ethereum L2 launch and a developer grant application underway this Q4.Investors who have yet to join can buy $PEPU for just $0.00991. Its price will rise in just 12 hours, making it the lowest price for the foreseeable future.
$BTC's Price Drop Doesn't Deter $PEPURising geopolitical tensions in the Middle East (sparked by Iran's attack on Israel) have shaken crypto investor confidence, causing$BTC to fluctuate below $60K.
After peaking at ~$66.5K following a solid final week of September, Bitcoin's historically positive uptober' start has not fared well. Not helping matters, investors abandoned the Bitcoin safe-haven narrative by offloading $3B $BTC on exchanges at a loss.
As a consequence of the crypto king's tumble, many meme coins witnessed sharp declines. Yesterday, some suffered double-digit losses over just 24 hours.
DogWifHat ($WIF) dropped 16%, Bonk ($BONK) fell 17.7%, and Pepe Unchained's predecessor, Pepe ($PEPE), lost 12.82%.Despite the recent steep fall in meme coins, Pepe Unchained's ICO remains on top. It successfully raised six figures ($1M) in just four days.
Such commendable results suggest thatinvestors are still willing to place capital in $PEPUdespite the swift shift from risk-on to risk-off at the start of October.
Crypto Whales Scoop Up ~$111.8K $PEPUDespite the broader market being in a deep sea of red following the geopolitical unrest, a whale recently snatched up 5M $PEPU for 21.75284 $ETH (valued at around $50.8K).
It followed a run of significant transactions. On September 27, a crypto whale purchased 5.2M $PEPU (roughly $5K), which pushed Pepe Unchaineds presale past the $16M milestone.
This marked the project's second-largest transaction last month. Just weeks before (on September 9), another whale purchased ~$56K worth of $PEPU.
Whale purchases are noteworthy because they indicate strong demand for a particular token, bringing their attention to other investors.They often represent the smart money movementdue to including not just individual investors but also institutions with - typically - better insights than the average investor.
Whales accumulating $PEPU at such an early stage strongly indicates Pepe Unchained's potential to rank among the top meme coins. With its L2 launch approaching, a major exchange listing could be all that's needed to boost the asset's price significantly.
$PEPU's $18M Milestone is Within Arm's ReachWhen the ecosystem'sdeveloper grant application launches this Q4, contributors can expect an emergence of new dApps and tokens in Pepe Unchained's L2.
$PEPU recently spotlighted a sneak peek of the L2 -$PEPE ownership that's faster, frictionless, and less costly compared to the original token that has a $3.8B market cap.
Each of these factors contributes to Pepe Unchained's presale success, now targeting an ambitious $18M milestone. Given the project's developments, reaching its goal in record time is entirely feasible.
With itscurrent funding levels already at record-breaking heights, Austin Hilton (a popular crypto influencer) has dubbed it the best presale ever' in a video shared with his 272K subscribers.
Ignoring the smart money flowing into this project could be a major mistake for crypto investors.
If you don't want to miss out on this potential gold mine, visit the project's official website, connect your wallet, and acquire your $PEPU using $ETH, $USDT, $BNB, or fiat (credit card payments are accepted).
Security-conscious investors can also rest assured. Pepe Unchained's smart contract has undergone thorough audits by Coinsult and SolidProof, and no critical issues were found.
Stay updated on the latest developments and announcements by joining the project's community on X and Telegram.
The post Pepe Unchained Presale Hits Over $17M; Crypto Whale FOMO Amplifies appeared first on The Tech Report.