The Pepe Unchained presale has already pulled in $7.6 million, showing that meme coins still have a solid foothold in the market, despite the ongoing volatility. This surge in interest comes as the presale continues, proving that there’s a strong demand for these types of cryptocurrencies.
Historically, meme coins have bounced back strongly after market downturns, often outperforming both layer-1 and layer-2 chains. For instance, meme coins based on Solana led the pack in the first half of 2024, and we’ve seen similar high interest in tokens launched on Base and Ethereum platforms. Pepe Unchained is looking to shake things up with its own layer-2 chain, potentially drawing new meme projects to its network.
The real test for Pepe Unchained will be the reception of the first meme projects launched on its layer-2 chain, aptly named the Pepe chain. The ongoing success of the project, which has already raised $7.6 million, hints at a promising start.
What sets Pepe Unchained apart in the increasingly crowded layer-2 space—where even Cardano is set to launch its Hydra layer—is its focus on becoming a hub for new meme coin projects, rather than just another alternative to existing networks like SOL, ETH, or Blast.
Tracking the number of $PEPU (Pepe Unchained’s native token) holders could be a good indicator of the chain’s popularity. A growing base of token holders might attract more blockchain projects to build on the Pepe chain, potentially turning it into a ‘meme magnet’ and a go-to place for launching new meme cryptocurrencies.
The chain’s success will hinge on how well it can differentiate itself from others and capture the interest of the crypto community. If Pepe Unchained can maintain its momentum and secure listings on centralized exchanges post-launch, $PEPU could find itself in a strong position in the market.
With a notable rebound in the crypto markets recently, interest in $PEPU is high. On-chain data reveals numerous addresses getting involved with Pepe Unchained. With the presale set to end in September, it’s likely that the total raised could surpass $8 million.
As long as the appetite for meme coins remains high, investors will continue to look for the next big hit that could offer significant returns.
