Pepe Unchained crashes, but this meme coin presale raises $6M in 24 hours
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Pepe Unchained just made its exchange debut after a turbocharged $73-million presale. The Layer-2 project surged 400% on its initial listing within three days of going live, fuelling interest in Pepe-themed utility tokens.
As Wall Street Pepe (WEPE) takes the spotlight, Pepe Unchained is losing momentum. The WEPE presale has raised $35 million so far, with $6 million flowing in within a 24-hour window.
Pepe utility tokens
Pepe Unchained is a Layer-2 chain dedicated to meme coins. It sets out to solve network congestion that has long plagued traders, especially during active seasons.
Pepe Unchained’s L2 ecosystem claims to be faster and cheaper, fine-tuned for the meme-coin market. The unique selling point catalysed the presale, and it ended ahead of schedule after raising a whopping $73 million. However, the PEPU price is now 80% away from its post-launch ATH.
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