The meme coin market has been soaring higher this week, and Pepe has been one of the biggest winners. The token is up more than 14% in the past 7 days of trading and looks set for even more gains heading into the end of the month.
Pepe’s momentum has also carried over to a new Pepe-themed Ethereum Layer-2, Pepe Unchained. The project just raised $10 million in its ongoing presale and looks like it could be the next Pepe token to explode after launch.
Let’s take a closer look at all that’s happening in the Pepe universe right now.
Pepe Meme Coins Soar as Bull Market Restarts
It’s been one of the best weeks of the year for Pepe-themed meme coins, including not only the original $PEPE but also lookalikes like $PEPECOIN. $PEPE is up 14.5% on more than $500 million in daily trading volume over the past week, while $PEPECOIN is up 41% on nearly $5 million in daily trading volume.
Technical analysis of $PEPE suggests an exciting next few days for the token. It’s currently challenging resistance around the $0.00000830 price level, and the most recent trading data indicates the token is breaking through. With the token’s high trading volume and momentum, a breakout seems likely.
If $PEPE is able to sustain this move, it could jump all the way to its next resistance area around $0.00000980—a potential upside of 18%.
One analyst identified a symmetrical triangle pattern with a likely bullish tilt as $PEPE exits the pattern. His analysis also suggests an 18% potential gain.
$PEPE could also benefit from an upcoming cut in US interest rates, which looks increasingly likely in September. Historically, lower rates have encouraged investment into the meme coin market as investors seek out high risk, high return assets.
The excitement around the meme coin market shows in tokens other than $PEPE, too. The sector as a whole added $3 billion in market cap in the last 5 days. All of the top 10 meme coins boast gains over the past week, and all but $DOGE have double-digit 7-day gains.
Pepe Unchained Raises $10M as Analysts Predict 10x Gains
It’s in that ebullient environment that Pepe Unchained, a new Pepe-themed Layer-2 network for Ethereum, raised more than $10 million in sales of its native $PEPU token.
$PEPU will be used to pay for transactions on the Pepe Unchained network, which is the first Layer-2 built specifically for meme coin trading and development. Pepe Unchained looks set to take the crown from Solana as the most popular place to deploy new meme coins.
What really has investors excited about Pepe Unchained is its speed and versatility. The network is expected to run 100x faster than Ethereum and offer significantly cheaper transaction fees. Plus, $PEPU can be seamlessly bridged with $ETH, making it easy for token holders to move between Pepe Unchained and other Ethereum Layer-2 networks.
Pepe Unchained is rewarding early investors in $PEPU with price discounts and massive staking rewards. During the presale, investors can buy the token for only $0.0092364 and start staking their tokens to earn 197% APY.
The presale’s success hasn’t gone unnoticed. Crypto analysts like Jacob Bury and ClayBro have predicted massive returns for $PEPU after the token launches on exchanges. Pepe Unchained has also been featured in crypto media outlets like Bitcoin.com and Bitcoinist.
The next price increase in the Pepe Unchained presale is just a few hours away, so there’s no time to waste if you want to lock in the best price for $PEPU. Don’t miss this chance to be part of the next hub for meme cryptocurrencies.
