Key facts:
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Pepe Unchained will feature a cross-chain bridge, a DEX, and its own block explorer.
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The Pepe Unchained project has raised more than $13.6 million in pre-sale.
Although Vitalik Buterin may be stepping back from the Layer 2 investment scene, the sector is still very much alive. Ethereum‘s new Layer 2 project, Pepe Unchained ($PEPU), has surpassed 13.6 million dollars in revenue in just a few weeks since the start of its pre-sale.
Thus, Pepe Unchained has quickly positioned itself as a solution to the current problems related to Pepe ownership and is emerging as a strong competitor in the future market of meme coins. Furthermore, its Layer 2 solution appears to be becoming a launchpad for meme coins, with the potential to overtake rivals like Solana’s Pump.fun and Tron’s SunPump.
$PEPU presale continues to rise
Investment in the project continues to flow unabated, with investors and market observers eagerly awaiting its next release. This launch is of added significance as it could coincide with an expected rally in the overall market in the fourth quarter.
Investor interest in Pepe Unchained, fueled by significant support from large investors, has pushed up the price of $PEPU since the pre-sale began. Currently, $PEPU is priced at $0.0096126, but is expected to rise to $0.009651 in the next two days, indicating a possible near end of the pre-sale.
Those interested in investing should act quickly while $PEPU is still available at a reduced price. Once the pre-sale ends, acquiring $PEPU at the current price may become increasingly difficult or even impossible.
Vitalik Buterin prefers to support “worthy” causes through donations
Vitalik Buterin has recently indicated that he will not be investing in Layer 2 projects for the time being. He made this statement shortly after transferring 1.28 million Starknet ($STRK) tokens, valued at approximately $470,000 at the time, to his wallet.
These retired tokens are anticipated to go toward “supporting public goods within the Ethereum ecosystem or broader charitable causes,” Buterin revealed in a recent statement.
He has emphasized his intention to channel resources exclusively through donations rather than investments, towards projects that he believes the ecosystem may be undervaluing.
The opportunity in the Layer 2 solutions market
While Buterin’s motivations go beyond financial gain, regular investors should heed a critical warning: overlooking the burgeoning Layer 2 scene could be a monumental mistake.
As of 2024, the total value locked (TVL) in Layer 2 solutions amounts to $33.29 billion, with Ethereum’s top Layer 2s reaching a market cap of $17.1 billion. This value represents just the tip of the iceberg; VanEck projects that the Layer 2 market could become a trillion-dollar industry within the next five years.
For those who want to get ahead, now is the time to take advantage of the booming Layer 2 space as it presents a critical opportunity to make substantial gains in the coming years.
At this early stage, Pepe Unchained is probably still undervalued by the market. Compared to its predecessor, Pepe ($PEPE), the funds raised by Pepe Unchained still represent a fraction of $PEPE’s market value.
However, it’s not just the numbers that make Pepe Unchained considered undervalued. It’s also the unique value it brings to the industry, something that the entire Ethereum ecosystem has yet to fully grasp.
Could Buterin consider an exception to his rule of not investing in Layer 2 projects once he fully understands the intangible values that Pepe Unchained offers?
Pepe Unchained: Supporting something that is truly valuable
Meme cryptocurrencies are here to stay. They offer a refreshing change in the often overly complex world of cryptocurrencies. It’s no wonder that a good part of the new pre-sales are embedded in this subgenre.
They bring a touch of levity to an often serious space, much like memes in internet culture provide a humorous respite from the constant flow of important news and updates.
In the crypto space, icons like $PEPE and Dogecoin ($DOGE) have become symbols of this carefree fun.
However, for these meme cryptocurrencies, especially those like $PEPE, being pegged to Ethereum presents challenges. High gas fees and scalability issues take the fun out of owning these tokens.
Layer 2 solutions have become more valuable precisely because they address these scalability limitations that Ethereum cannot solve on its own, even after the introduction of sharding in the Ethereum 2.0 upgrade roadmap.
Pepe Unchained: Leading the future of meme cryptocurrencies
This is where Pepe Unchained Layer 2 comes in, promising to transform the experience of owning meme coins by offering significantly faster transactions and lower fees, starting with $PEPU.
It will feature its own block explorer, a custom-built decentralized exchange (DEX), and a seamless chain bridge.
Once launched, it could be the chain that supports a Pepe-themed $DOGE, Shiba Inu ($SHIB), Floki ($FLOKI), and other meme cryptocurrencies.
Indeed, if Vitalik Buterin is backing something meaningful, what could be more valuable than highlighting the fun and playful side of cryptocurrencies through meme coins?
Pepe Unchained It is intended to be the premier launchpad for tokens that infuse humor and vitality into the industry, all while ensuring faster and more cost-effective transactions.
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