Pepe Unchained ($PEPU) continues to smash milestone after milestone in its presale, with its latest fundraising round surpassing the $17 million mark.
The most bad-ass version of Pepe is proving that it has the biggest brain in the game, as its existence of just over three months is already posing a serious threat to its predecessors.
With a recent teaser of its upcoming Ethereum Layer 2 launch and a developer grant application underway this quarter, investors couldn’t FOMO enough, pouring in substantial funds, including another whale splash in the $PEPU ICO on Thursday.
Investors who have yet to join can purchase $PEPU for $0.00991 before the price adjusts to $0.00992 in less than 31 hours.
Bitcoin’s $60,000 price drop impacts the market – except for Pepe Unchained
Rising geopolitical tensions in the Middle East, sparked by Iran’s attack on Israel, have spooked the market, causing Bitcoin to fluctuate dangerously below $60,000.
After peaking at $66,508 following a strong final week of September, Bitcoin’s October start has not fared well. Investors even abandoned the Bitcoin safe-haven narrative by offloading $3 billion in BTC on exchanges at a loss.
Bitcoin Price: BTC Live Price Chart, Market Cap & News Today | CoinGecko
As a result of the top crypto’s slump, altcoins – mainly meme coins – have experienced an accelerated downturn, with most major tokens remaining in the red on Thursday and suffering double-digit losses over the past 24 hours.
DogWifHat ($WIF) dropped 16%, Bonk ($BONK) fell 17.7%, and Pepe Unchained’s predecessor, Pepe ($PEPE), lost 12.82%.
Despite these recent losses among meme coins, Pepe Unchained’s ICO is bucking the trend, successfully raising $1 million in just four days.
This suggests that the swift shift from risk-on to risk-off at the start of October has not deterred investors from buying $PEPU during the presale, demonstrating their commitment to a shared vision for a new era of Pepe ownership.
Whale scoops up 5 million worth of $PEPU
On Sept. 27, a significant whale purchase of 5.2 million $PEPU, or about $51,000, helped push Pepe Unchained‘s presale past the $16 million milestone.
This marked the second whale transaction that month, following a prior Sept. 9 purchase that was worth around $56,000 at the time.
On Thursday, a whale acquired 5 million $PEPU for 21.75284 ETH, valued at about $50,838 – again, this occurred while the entire market was in a deep sea of red.
Ethereum Transaction Hash (Txhash) Details | Etherscan
Whale purchases are noteworthy because they indicate strong demand for a particular token. They often represent the smart money movement, as whales typically include not just individual investors but also institutions with better insights than the average investor.
Whales accumulating $PEPU at this early stage strongly indicates that Pepe Unchained has the potential to rank among the top meme coins. With its L2 launch approaching, a major exchange listing could be all that’s needed to significantly boost the price of the asset.
With developer grant applications starting in Q4 2024 and a possible L2 launch, $ PEPU’s $18 million milestone is within reach
With the developer grants application launching this quarter, contributors can expect to see which dApps and other tokens emerge within Pepe Unchained’s L2.
Furthermore, the project’s recent sneak peek of the L2 offers a promising glimpse of the future Pepe Unchained ecosystem, with the aforementioned new era of Pepe ownership pertaining to a faster, more frictionless, and less costly way to buy a Pepe token.
These factors contribute to the impressive momentum of the Pepe Unchained presale, which is now targeting its next milestone of $18 million. Given the recent developments, reaching this goal in record time is entirely feasible.
In fact, with its current funding levels already at record-breaking heights, popular crypto influencer Austin Hilton has dubbed it the best presale ever in a video shared with his 272,000 subscribers.
Ignoring the smart money flowing into this project could be one of the biggest crypto-investing mistakes.
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, or BNB. Credit card payments are also accepted.
Rest assured that Pepe Unchained’s smart contract has undergone thorough audits by Coinsult and SolidProof, confirming that 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 Smashes $17.1M as Whale FOMO Intensifies appeared first on Cryptonews.
