Bitcoin Hits $89K, Pepe Unchained Smashes $27M Presale

Quick Takes:

• Pepe Unchained, the Layer-2 upgrade to the beloved Pepe meme coin, raises an astounding $27M in its ongoing presale.
• The broader meme coin market continues to surge, led by Dogecoin's ($DOGE's) climb to the #6 crypto by market cap.
• $BTC continues to climb toward $90K, reaching a new all-time high (ATH) of $89K as the market booms.

The biggest story in crypto may not be what you think.

Yes, Bitcoin continues to march towards $90K.

Yes, $DOGE keeps climbing up the crypto rankings, fueled by Elon Musk's support and close ties with newly-elected President Donald Trump.

It just passed $USDC and $XRP to become the #6 crypto by market cap.

But the biggest winner might just be a superpowered green frog.

Pepe Unchained ($PEPU) continues to obliterate fundraising goals in its presale. Since June, $PEPU has raised $27M and counting.

What does $PEPU's success mean for the meme coin market?

Time to jump in.

While All Eyes Are On Bitcoin...

$BTC achieved a significant milestone, surpassing silver to become the world's eighth-largest asset with a market capitalization of $1.7T.

This surge is highlighted by an all-time high price of $89K, reflecting an 11.3% daily gain and a 27% increase over the past week.

Institutional investors played a pivotal role in $BTC's ascent, increasing their holdings and trading activities. Earlier this year, the introduction of spot Bitcoin exchange-traded funds (ETFs) enhanced market confidence and contributed to the cryptocurrency's upward trajectory.

And it all came to a head when Donald Trump was re-elected to the US presidency, confirming that the era of a crypto president' had arrived.

Since then, $BTC's been on a tear, setting ATH after ATH, peaking just under the $90K mark.

But while $BTC's been hogging the headlines, other cryptos are making big moves.

...A Frog and a Dog Drive Meme Coin Hype

In the newfound cryptocurrency bull market, meme coins are experiencing remarkable growth.

Dogecoin, the biggest meme coin, saw its price increase by 29% in the past 24 hours, reaching $0.32 and 92% over the past week.

Investors are hugely bullish on $DOGE, given the close ties between Elon Musk and Donald Trump.

But the biggest crypto story might be Pepe Unchained.

Since June, $PEPU has smashed milestone after milestone, crushing every fundraising goal and raising over $27M (and counting) in its presale.

The Layer-2 upgrade to the original $PEPE brings a number of features, including:

• Faster transaction speeds
• Decentralized exchanges
• Bridging

• Block explorer
• Staking
• Developer grants

The project also recently announced Pump Pad, an Ethereum-based competitor to Solana's wildly successful pump.fun.

Pepe Unchained grew dramatically over the summer, and we previously estimated that $PEPU might reach $0.97 by the end of 2025, which is a 10,000% increase for early investors.

Now, with meme coins like $DOGE going parabolic, there's no limit to where $PEPU might go next.

Meme Coins Reflect Rising Crypto Tide

The meme coin sector's expansion highlights the growing interest in alternative cryptocurrencies during this bullish phase.

Projects like Pepe Unchained capitalize on this momentum by offering innovative platforms that cater to the unique dynamics of memecoin trading.

A frog and a dog lead the charge.

Where to next?

References

• Bitcoin surges to 8th largest global asset, surpassing silver with $1.756 T market cap (Cryptopolitan)

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