Pepe Price Bounces as Rising Meme Coin Pepe Unchained Raises Over $3.5M In Presale
Pepe’s price rose 7.65% over the last 24 hours, after hitting a bottom on July 5th at $0.000007650, the coin has rallied back almost 30% reaching almost $0.00001 today.
However, skeptics are doubtful of Pepe’s growth potential, citing the crypto market rising overall as the main contributor to its rally.
While the question of Pepe’s growth remains open, investors are eyeing a new coin still in its ICO stage called Pepe Unchained, which has raised over $3.5m in under a month.
Pepe Leads The Charge Among Rising Top Memecoins
Out of last week’s top 10 meme coins, Pepe is experiencing the highest growth. The entire meme coin space is growing, with DOGE going up by 3.8% and both SHIB and WIF rising aound 2.8%. However, Pepe remains the clear winner partly due to how much it fell in the last market downturn.
Pepe has an incredibly strong memetic presence. Being one of the biggest figures in meme culture ever since its inception, Pepe is easy to fit into the narrative of most current events.
One of Pepe’s memes took X (Twitter) by storm, depicting the titular Pepe holding the same pose as former president Donald Trump in his recent shooting
$PEPE pic.twitter.com/n1LZ2vruko
— JIMMY
(@JimmyTheMemer) July 14, 2024
A strong presence in meme culture like Pepe’s is instrumental for a meme coin’s growth, however, that’s not to say that’s all there is to the pump. Today’s Pepe pump was also predicted by influencer Plazma with over 18,000 followers on X (Twitter.)
The $PEPE has been showing a lot of strength lately. It’s coiling up for a pump. pic.twitter.com/79whVg0h3a
— Plazma (@Plazma0x) July 14, 2024
Past today’s pump, Plazma has stood bullish on Pepe, predicting it to even surpass Dogecoin eventually. However, Pepe’s growth is still uncertain, due to the multitude of factors present in its rise.
Will Pepe Continue To Rise?
A significant contributor to Pepe’s growth has been the overall rally in the crypto market. Bitcoin grew over 5% to over $63,000 today, and the major players of the crypto market followed suit.
This growth spurt was in turn partly triggered by former president Donald Trump’s shooting, which many speculate could lead to the pro-crypto candidate winning the election.
Another factor bringing Pepe’s further growth into question is that its performance across the last month has been lackluster at best, dropping 21.81% total. Many of its competitors have dropped less, such as Dogecoin dropping 14.66%.
According to IntoTheBlock data, Pepe whales holding $100,000 to $10 million worth of PEPE have been slowly selling off, with their holdings dropping over 10%. However, this has picked up a little today, and the whales might be coming back with today’s pump.
Ever since its launch, PEPE has been a risky token to underestimate. Over the past year, it has grown almost 460%, having more trading volume than Solana at its highest point.
As the biggest meme coin on the ETH network, Pepe might still break through its May 27th all-time high of $0.00001717.
With Pepe’s future looking uncertain, some investors are looking at a token ICO called Pepe Unchained with the same meme appeal but that offers an innovative utility.
Pepe Unchained Rides The Pepe Wave To 3.6 Million In ICO
Pepe Unchained is an innovative Pepe-inspired meme coin that comes with its own layer 2 protocol. PEPU aims to provide instant bridging between its own Pepe Chain and ETH, as well as massively lowered transaction fees and speeds up to 100x faster than ETH.
Designed from the ground up for meme coin development, Pepe Unchained has already raised over $3.6 million in its presale. Selling at $0.0084261 per coin, experts believe this might be the lowest we’ll see it ever go for.
Analysts are extremely bullish on PEPU, expecting its utility to contribute to PEPE-level returns after its DEX launch. For example, popular YouTuber Jacob Bury predicted 10x returns after PEPU reached $3 million over its presale.
PEPU also shows great potential with its tokenomics. With 20% of the 8 billion token supply allocated to the presale and another 30% allocated to staking with an expected P/A of 520%, PEPU promises to reward its early investors greatly.
With only 12 hours left until the next price increase, investors better act fast to get their cut of the pie.
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