Pepe Unchained Soars Past $26.7 Million in Presale as Bitcoin Hits Record High
Pepe Unchained ($PEPU) has surpassed $26.7 million in its presale, aligning with Bitcoin's ($BTC) all-time high above $83k during a market surge known as "Moonvember."
The crypto market has entered a risk-on phase, indicated by the Greed and Fear Index approaching "extreme greed." Consequently, the total crypto market capitalization surged by $150 billion to over $2.75 trillion on Monday.
Meme coins have experienced significant growth, gaining 18.5% in the past 24 hours. Pepe Unchained continues to lead the sector, raising $1.6 million in just four days since its last milestone.
Major Whale Buys Drive Pepe Unchained's Latest Surge
Pepe Unchained's fundraising is partly driven by another substantial whale purchase, bringing its total capital close to $27 million.
Investors are positioning themselves ahead of the token's major exchange listing. Those who haven't yet participated can still join the presale and secure $PEPU at $0.01249. However, the token price will increase as the next funding round begins in under 14 hours.
$100K Bitcoin Target in Sight: Implications for Pepe Unchained and the Meme Coin Market
Bitcoin's surge to $20,000 in 2020 raised skepticism about reaching $100,000. Despite setbacks, Bitcoin has defied critics and is poised to reach this milestone.
Low interest rates and post-election periods have historically favored Bitcoin's growth towards new highs.
Altcoins and Meme Coins Benefit from Bitcoin's Ascent
As Bitcoin rises, altcoins experience positive effects. Meme coins have outpaced Bitcoin's gains, with Dogecoin ($DOGE) up 23% and Shiba Inu ($SHIB) up 13.9% in the past 24 hours. DogWifHat ($WIF) has also surged 23.12% on the back of Solana's growth.
Pepe Unchained stands out as a significant gainer, having raised over a quarter of $100 million in just four months.
Whales Double Down on Pepe Unchained, Betting on Its Dominance
Pepe Unchained whales are actively buying large amounts of $PEPU. Since Moonvember began, whale participation has surpassed last month's levels.
Recent whale purchases include $6 million, 2.2 million, and 4.6 million $PEPU, valued at $77,000, $27,000, and $63,000, respectively.
Reasons for Whale Confidence in Pepe Unchained
Whale investments indicate a belief in a project's potential. Pepe Unchained has announced key updates, including an upcoming Ethereum L2 chain to address token ownership limitations.
The project has also launched a developer grants program and showcased its L2 chain. Additionally, its upcoming meme coin launchpad, Pepe's Pump Pad, aims to rival Solana's Pump.fun and position Ethereum as a hub for meme coin launches.
Pepe Unchained's high transaction capacity and low fees make it ideal for meme coin trading. Its memetic power and distinct platform provide further differentiation.
Join the Pepe Unchained Presale
To purchase $PEPU, visit the official website and connect your wallet. Accept credit card payments alongside ETH, USDT, or BNB.
Comprehensive audits from Coinsult and SolidProof ensure the project's code integrity.
Developers can apply for grants to build on the Pepe Unchained L2 chain.
Join the project's community on Discord and Telegram for updates as it approaches the $27 million milestone.