Pepe Unchained ($PEPU) has reached yet another significant milestone, raising over $12 million in its presale.
Early Wednesday, the capital stood at $11.85 million, but the new meme coin that sports its own Ethereum Layer 2 quickly added $150,000 in less than 24 hours, pushing the total to its current amount.
Originally projected to hit the $12 million mark by the end of this week, Pepe Unchained achieved this goal ahead of schedule, thanks in part to whales who have scooped up massive amounts of $PEPU during the market-wide dip on Tuesday.
Currently priced at $0.0094982, $PEPU will increase to $0.00953620 as the presale advances to the next stage of fundraising efforts.
Whales buy into Pepe Unchained
On Tuesday, as Bitcoin ($BTC) lingered near $55,500 and most meme coins in a blood bath, several major investors seized the opportunity to invest heavily in the Pepe Unchained presale.
One notable transaction involved the purchase of 24.4 ETH, valued at $56,735 at the time, securing over 6 million $PEPU.
An hour later, another investment of 10.8 ETH, worth $26,196.65, acquired approximately 2.76 million $PEPU.
These transactions, totaling nearly $83,000, contributed to a rapid influx of capital to boost the total additional funding since Monday to over half a million dollars.
This recent activity follows an earlier substantial investment in Pepe Unchained, where a whale invested nearly $200,000 in $PEPU back in July.
Despite not yet being listed on exchanges, Pepe Unchained ($PEPU) is increasingly attracting investor attention as an improved version of Pepe ($PEPE).
In related movements, approximately 40 million $PEPE, valued at around $293,000 at the time, was recently transferred not to a whale’s wallet but to the crypto exchange OKX, according to $PEPE Whale Alerts.
At its current price, $PEPE is still profitable for those who invested earlier in the year. However, whales’ movement of large amounts to exchanges could be concerning for smaller investors.
Although these movements do not immediately suggest a sell-off, it’s noteworthy that on August 29, roughly 1.16 trillion $PEPE, worth about $8.64 million, was also transferred.
The new top meme coin when the bull run returns: $PEPU
Historically, the upcoming months have been favorable for Bitcoin, and as the leading cryptocurrency trends upward, altcoins – including meme coins – often follow suit.
This month is pivotal for positioning portfolios for crypto exposure in the next quarter. Savvy investors should pay attention to significant capital movements, as whales – both individual and institutional – frequently have more profound insights into emerging projects.
If there’s anything to be gleaned from the movement between the predecessor and the successor Pepe, it is that it indicates an exodus of capital from the older version to a new and improved version – complete with its own Layer 2 that makes it faster and cheaper to acquire Pepe.
Popular YouTuber ClayBro shares the same bullish outlook for Pepe Unchained, noting its potential to lead the sector in the video he shared with his over 130,000 subscribers.
If you have not joined the presale, head over to the Pepe Unchained official website. Connect your wallet and purchase $PEPU using ETH, USDT, or BNB. Credit card payments are also accepted.
Pepe Unchained’s smart contract has passed rigorous audits by Coinsult and SolidProof, with no critical issues identified.
The next target is $13 million.
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