Pepe Unchained ($PEPU) has successfully garnered attention by raising an impressive $21 million in its presale, aligning with the broader meme coin sector, which has reached a total market valuation of $60 billion. Just days after crossing the $20 million milestone, the project has attracted over $1.2 million in new contributions within a mere four days.
Given the current momentum, reaching the $22 million target this week seems highly attainable, especially following the announcement of grant applications for its upcoming Layer 2 (L2) blockchain, which has piqued investor interest.
The cryptocurrency market is witnessing a remarkable recovery after a sluggish start to October, and Pepe Unchained is strategically leveraging this trend to draw in more contributors to its fundraising efforts.
Currently, the price of $PEPU is set at $0.0112 per token, but with less than 24 hours remaining before the next funding stage, the price is poised to increase to $0.0115. Since the presale launched, the token price has surged by 40%, and the upcoming round will bring about a further increase of approximately 3.75%.
Pepe Unchained Raises $21 Million in Presale Amid Crypto Market Recovery and Growing Investor Interest
The total market capitalization of cryptocurrencies has risen to an impressive $2.36 trillion. A significant factor in this growth is Tether ($USDT), which recently achieved a valuation of $120 billion.
This development indicates a reversal of a seven-month downtrend and suggests that investors are preparing to invest in other cryptocurrencies. Amid this resurgence, excitement is building around Bitcoin ($BTC), with many anticipating a push toward new all-time highs as market sentiment shifts toward greed for the first time since July.
Another notable performer is ApeCoin ($APE), which has seen a stunning 107% increase in just one week and a remarkable 200% rise from its lowest point this year. This surge is largely attributed to the launch of ApeChain, the token’s dedicated blockchain network that supports non-fungible tokens (NFTs), trading, and decentralized applications.
Similarly, Pepe Unchained is positioning itself as a rising contender in the meme coin space, having achieved impressive fundraising results in just four months.
The influx of capital into Pepe Unchained has been further propelled by significant whale purchases. Recently, one whale acquired 5 million $PEPU tokens for around $50,000, while another exchanged $53,563 worth of Ethereum for 4.6 million $PEPU tokens.
These transactions highlight the interest of larger investors and institutions, contributing to the rapid growth of the Pepe Unchained community, which now boasts over 51,100 followers on social media. Furthermore, the project’s recent announcement regarding developer grants aims to attract innovative projects leveraging its blockchain, which is expected to amplify investor interest even further.
