Pepe-inspired FWOG has been generating a lot of noise in the crypto market.
The Solana-based meme coin has recently experienced significant gains, showcasing strength while other meme coins tread water. Could it be the next Pepe?
Pepe On SOL: the Bull Case For FWOG to Explode
Solana is filled with meme coins, but it falls short in the Pepe category.
This is driving investors to Fwog, which is dubbed “the Pepe of Solana.”
When we look at the Ethereum meme coin landscape, there’s one clear winner in this cycle: Pepe.
The project’s cultural resonance has fostered a cult-like following based on the slogan “feels good, man.”
The Pepe the Frog meme has a political flavor, which has added to its allure as a somewhat controversial alternative to the nonchalant Dogecoin and Shiba Inu.
Similarly, the front-running meme coins on Solana are Shiba Inu-inspired.
This creates a gap in the market for FWOG to rise as a more edgy alternative like Pepe did on Ethereum.
Something else to consider is that Fwog’s social media artwork is of a much higher standard than average, BaBaYaga notes.
Moreover, a pseudonymous analyst, Jimmy Hodlkins, highlights that Fwog is a community-takeover (CTO) project, meaning that treasury, marketing, and listings are financed by holders.
The CTO narrative has been gaining pace recently, with Binance-listed First Neiro on Ethereum exploding 3,500% in the past month.
And this does not even factor in the benefit of launching on Solana, which has been a springboard for meme coin growth due to its lower fees and higher speeds than Ethereum.
That said, Solana’s liquidity remains much lower than Ethereum’s, presenting a potential headwind in Fwog’s journey to become the next Pepe.
So, while there’s undoubtedly room for Fwog to grow, expecting it to rival Pepe is probably unrealistic.
Regarding liquidity, no smart-contract-enabled network comes remotely close to Ethereum.
That’s partly why the new Pepe-themed token Pepe Unchained has been able to explode in its presale, raising $18 million.
The project is raising funds to build the world’s first Pepe-themed Ethereum layer 2 blockchain, and it’s backed for 100x gains.
Pepe Unchained Presale Raises $18M – Next 100X Meme Coin?
Thanks to Pepe Unchained, Pepe now has his own blockchain.
Imagine a network that’s 100x faster and much cheaper than Ethereum, and everything is Pepe-themed. That’s what Pepe Unchained is creating.
It will also include features such as a block explorer, a staking mechanism, a dedicated Ethereum bridge, and a decentralized exchange.
It opens a world of never-seen-before Pepe-rooted use cases and it has traders stoked.
The presale has attracted over $18 million in funding for the blockchain’s development, reflecting a significant market appetite.
Adding to the excitement, the team recently revealed that they’re in talks with tier-1 exchanges, which would expose $PEPU to a new set of investors who could positively impact its price.
Expectations are high for its post-exchange launch potential – prominent analyst ClayBro even said it can 100x.
The analyst highlighted that the crypto market is entering a bullish phase, in which a lot of meme coin prices will rise.
Coupled with Pepe Unchained’s strong use case, he suggests this sets the stage for huge growth.
Currently, investors can buy $PEPU for $0.00994.
However, this price will increase throughout the presale, with the next uptick in one day.