The meme coin market is growing and emerging projects like Pepe Unchained ($PEPU) show massive potential.
Pepe Unchained is building an Ethereum layer 2 blockchain for meme coins, a concept which has traders on the edge of their seats.
They’ve raised a record-breaking $23.7 million at presale, and now a top analyst has called it “the biggest meme coin launch” of the year.
Will this widely anticipated joke token live up to expectations?
Crypto analyst hails Pepe Unchained as presale raise skyrockets
Pepe Unchained has entered unchartered territories as its presale raises sits comfortably above $23 million.
Plenty of analysts are paying attention, one being infamous YouTuber Austin Hilton.
Hilton recently hailed Pepe Unchained’s incredible presale success but reiterated that it’s not too late to buy.
The analyst clearly has a long-term vision for the project, telling prospective investors they can “still get in on the ground floor.”
“This is beyond a doubt one of the biggest, if not the biggest, meme coin presale so far,” said Hilton.
Later in the video, Hilton turned to the project’s potential for growth, saying, “This thing is going to be massive.”
Hilton even nodded to the potential for up to 20x gains on Pepe Unchained, illustrating the immense buzz fueling the presale’s growth.
This is also seen on social media, with its X account boasting 48K followers.
That’s just 20K followers less than Popcat, the world’s fifth-largest meme coin, which currently has a staggering $1.63 billion market cap.
There’s a clear discrepancy between Pepe Unchained and Popcat based on social prominence, which is partly why analysts like Austin Hilton are bracing for such significant gains.
But why are so many people flocking to Pepe Unchained?
Fixing Ethereum’s scalability issue with an L2 for meme coins
Ethereum is the second-most valuable cryptocurrency and the most valuable smart contract-enabled blockchain.
Despite this, its user experience is archaic.
High transaction fees and slow speeds have driven users to seek out alternative networks like Solana, especially for meme coin-related activity, which involves a lot of portfolio reshuffling.
But Pepe Unchained is helping bring Ethereum back to its golden era, ending the dreaded scalability issue once and for all.
Layer 2s are blockchains built on Ethereum that offer low fees and high speeds. There are plenty on the market, but they’re mostly focused on DeFi, NFTs, and gaming.
Pepe Unchained is the first to create a layer 2 blockchain for meme coins.
Given the fact that many analysts say we’re in a “meme coin supercycle,” it’s no surprise that investors are scrambling to buy $PEPU at the lowest possible price.
Are tier-1 exchange listings next up for Pepe Unchained?
It’s no secret that tier-1 exchange listings are game-changing for meme coins.
Given its presale success and massive community, traders will hope that Pepe Unchained will be the next listing on major platforms like Binance, Coinbase, and KuCoin.
The team has already hinted at this on X, revealing they’re in talks with tier-1 exchanges and awaiting the perfect time to launch to “maximize impact.”
Tackling Ethereum’s most pressing issue and eyeing major growth opportunities, the future looks bright for Pepe Unchained.
The hype it currently sees may be the start of something bigger.
Investors can take advantage of this by participating in the presale.
The current $PEPU presale price is $0.01199, but this will rise throughout the campaign. The next uptick is in just one day.