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Pepe Unchained ($PEPU) began fundraising in the first week of November and has successfully raised a total of $24.5 million in pre-sale funds.
Pepe Unchained just passed the $23 million milestone on October 29, having raised an additional $1.5 million in the past five days alone, bringing its total funding to its current level.
Despite the market drop of 7.9%, the steady inflow of funds made Pepe Unchained the hottest presale token in 2024.
At this point, Pepe Unchained is positioned not only as a pre-sale token worth watching, but also as a potential major exchange listing candidate.
In fact, it has already made its way onto the radar of several top exchanges, one of which is arguably the world’s largest cryptocurrency exchange, Binance.
Investors have less than two days to purchase $PEPU at the current pre-sale price of $0.01219 before the price increases to kick off the next round of funding.
Bitcoin falls on US election concerns
Bitcoin fell below $68,000 on Monday after approaching its all-time high.
The recent rise in Bitcoin prices has been driven by the so-called “Trump trade,” with the former president remaining a popular figure in crypto markets as the U.S. election approaches.
The desire for a Trump victory is evident among digital asset holders, with bettors on Polymarket putting Trump’s odds as high as 67%.
However, with Bitcoin lingering in overbought territory, a correction was inevitable — and that’s exactly what happened.
Since Bitcoin’s fall from $70,000, the tide has turned on Polymarket, with Kamala Harris’ odds rising from 33% to 41.9% on Monday.
The uncertainty surrounding the U.S. election — with the candidates neck and neck in the polls — is now reflected in the crypto market.
Daan Crypto Trades, a trader on X, suggests that Bitcoin could move 10% in either direction, depending on the election results. This means a path back to its all-time high is a 50-50 chance, with a quarter point rate cut after the election likely to help.
#Bitcoin
The weekly chart doesn’t look very clean this week, but given what’s coming up, I don’t think it matters.
I think there is a good chance that the price could move at least 10% in either direction depending on the outcome of this week's election.
pic.twitter.com/OMvGCpr3Ba
— Daan Crypto Trades (@DaanCrypto)
November 3, 2024
As Bitcoin slid, the broader market fell with it, with the total cryptocurrency market value falling by 7.9%, or about $190 billion, since November 1. The decline in meme coins was even more severe, falling from a high of $64 billion to $55 billion.
However, amid the ups and downs of the market, one token has remained resilient: Pepe Unchained. This new meme coin has continued to attract millions of dollars in funding since its pre-sale debut, regardless of market conditions.
Pepe Unchained continues its winning streak
Pepe Unchained launched its fundraising campaign in June to support the development of its upcoming Ethereum second-layer chain. Last month, it opened the door for skilled developers to receive funding by presenting innovative ideas that utilize Pepe Unchained’s L2 technology.
Of course, its own L2 gives it an advantage over previous Pepes, as it will ultimately provide a smoother and lower-cost path to Pepe token ownership.
Recognizing the potential for a successful listing, early investors took advantage of the discounted price in the presale to grab $PEPU. Despite the ups and downs in the market in the second half of this year, Pepe Unchained maintained a steady winning streak, attracting investors eager to realize its L2 vision.
In fact, Pepe Unchained has not only maintained its winning streak, but funding growth has accelerated in recent months, attracting more whales to participate.
Last month, an investor purchased 4.6 million $PEPU tokens in one go, which was worth about $53,563 in ETH at the time.
As November arrived, another whale purchased 2.2 million $PEPU tokens, which was approximately $27,000.
Ethereum Transaction Hash (Txhash) Details | Etherscan
These significant purchases show that more and more investors, both large and small, have turned their attention to the latest gem in the meme coin space.
Early Stages of Memecoin Supercycle: Why $PEPU May Be the Best Buy Ahead of a Potential Breakout in the Sector
Despite the current market pullback and uncertainty surrounding the US election, the memecoin supercycle continues to be a major talking point in the industry.
Investor Murad Mahmudov, who has made his wallet public, believes the memecoin supercycle is still in its early stages.
Mahmudov recently noted on X that in 2017 there was only one notable memecoin, Dogecoin ($DOGE), but that number has ballooned to over a million memecoins by 2024. He predicted that this growth will continue, even stating that 2025 will be the year of the memecoin.
He believes that the community favors meme coins over most other types of altcoins.
In 2017 we had 1 Meme Coin.
In 2021 we have 1000 Meme Coins.
In 2025 we will have 1 million+ Meme coins.
The market demand for meme coins exceeds that of altcoins, and this trend has continued for more than 10 years.
Memecoin’s dominance will only accelerate.
pic.twitter.com/XlDlCZznj5
— Murad ?? (@MustStopMurad)
November 3, 2024
If we are indeed still in a memecoin supercycle, the recent market pullback could be a key opportunity for investors to prepare for a memecoin shopping spree ahead of explosive growth in the space.
Considering the attention it has garnered in a short period of time, Pepe Unchained could be one of those memecoins that delivers huge returns and changes fortunes within the industry.
That’s why Jacob Crypto Bury categorizes it as the best meme coin to buy ahead of a potential super cycle.
Don't miss out! Join PEPU ahead of the upcoming $25 million milestone
The next milestone is $25 million, which is achievable in a few days.
If you are new to the Pepe Unchained presale, you can become an early contributor by visiting the project’s official website and connecting your wallet to buy $PEPU using ETH, USDT, or BNB. Credit card payments are also accepted.
Pepe Unchained’s smart contracts have been fully audited by Coinsult and SolidProof, which did not find any major issues in its code.
Stay up to date with the latest developments and announcements by joining the Pepe Unchained community on X and Telegram.
Visit Pepe Unchained.
Most Searched Cryptocurrency Launch – Pepe Unchained
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Staking Rewards – pepeunchained.com
Raised $10M+ in ICO – Ending Soon
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