The Pepe Unchained (PEPU) ICO – one of the biggest crypto presales of the year – has announced its “Frens With Benefits” grant program, rewarding developers building on its layer 2 blockchain.
This led to a critical surge of whale activity, with a $26,000 purchase made after another whale bought $56,000 in PEPU on Wednesday. Retail investors backed this up, with the ICO now having raised $15 million.
Developers will get their chance to apply for PEPU’s grants in Q4 of 2024. The goal of this is to launch the token to an already populated ecosystem, and stress-test PEPU’s infrastructure.
PEPU Solves Ethereum Problems Encouraging Innovation
PEPU is built on the premise of unchaining PEPE, its predecessor, from the inherent issues ETH meme coins face. Namely, ETH has slow transactions (12-15 per second) and its gas fees can eat into traders’ and investors’ profits.
PEPU provides 100x faster speeds at a fraction of the gas fees, and a dedicated block explorer to boot. This makes meme coin development easier and makes for a more enjoyable and profitable time for traders and investors.
The Pepe Frens With Benefits program serves to put this to the test. These will be the first tokens and dApps to roll out on the PEPU layer 2. To apply, developers will just need to build and submit a project, and the Pepe council will vote on if they’ll be selected for a grant.
The ability to support dApps and other meme tokens on its blockchain is another edge PEPU has on PEPE. It allows Pepe Unchained to benefit from the success of other projects and may be what takes it beyond PEPE’s success.
Community Growth and Presale Success Spark Binance Listing Rumors
For a token still in its presale stage, PEPU has cultivated a massive community, boasting over 17,700 followers on X (Twitter) and over 7,700 members on Telegram.
This puts it in line with many well-established tokens, such as Gigachad (GIGA) which only has 11.7 thousand followers despite a market cap of over $200 million.
On the same day PEPU unveiled grants, they announced they’d been approached by tier-1 exchanges to list the token after launch.
Exchange listings can be massive for a meme coin’s value. They bring a lot of attention to the token and give it more exposure to retail investors. For example, NEIRO and TURBO both saw a massive spike in pricing after their Binance listing.
With Binance being the world’s biggest crypto exchange, it’s possible it’s one of the tier-1 exchanges that approached PEPU.
This is made more likely by the fact that NEIRO’s market cap at the time of its listing was around $15 million – an amount PEPU is almost certain to reach in its presale.
With that being said, PEPU isn’t pursuing any listings at the moment, instead opting to wait for the right market conditions to launch. This also gives presale investors to get in at the bottom, with PEPU currently selling for just $0.00981 per token.
However, the presale follows a dynamic pricing model, so prices will rise as time passes and funding goals are met.
Expert Attention Mounts as PEPU Hits $15 Million
Pepe Unchained has now raised $15m, making it one of the most successful ICOs of the year. It’s growing at a rate of almost $1m per week.
Having made headlines in dozens of reputable journals, analysts have been keeping a close eye on the presale since its early days. One of these is ClayBro, a YouTuber with over 130,000 subscribers.
Pepe Unchained Is Ready To Explode Following Fed Rate Decision!
He sees the increased whale activity as a signal big players believe in the token’s future. For long-term investors, he sees the 147% staking rewards as a great opportunity.
ClayBro also believes the next market bull run will be a catalyst for massive growth.
Thus far, PEPU has managed to grow an engaged community with updates announced every few days. This, alongside its presale success and the Pepe Frens With Benefits grants bringing more eyes to PEPU, could prove to be the building blocks of its success.
The presale is easily accessible, with no minimum investment, and PEPU is available to buy with ETH, BNB, USDT, or fiat through a credit/debit card.
For the security-conscious, PEPU has undergone two security audits by SolidProof and Coinsult, with neither finding critical issues with the project.
To keep up with all of PEPU’s latest developments, you can follow the team’s X (Twitter) page and join the Telegram channel.
