Pepe Unchained Raises $9.6M in Presale as Meme Coins Gain 9.4% in 24 Hours
After surpassing $9 million on August 16, Pepe Unchained ($PEPU) has added another $600,000 in just three days to bring its total funds to over $9.6 million.
This new milestone represents a 4,700% increase in capital raised since its launch two months ago, all while the broader crypto market shed off $265 billion in value.
The massive influx of funds in a short period shows that the crypto market is seriously eyeing Pepe Unchained as the new meme coin anchor, banking on its promise to make Pepe ownership faster and cheaper with its proprietary blockchain.
Currently priced at $0.0091996, $PEPU has already seen several price bumps as investors quickly snapped up the tokens in the previous presale stages.
In less than 48 hours, the price will rise again to $0.00923640 to kick off a new round of funding, which is a 15.46% increase from its initial presale price of $0.008.
Despite a general downturn throughout August, meme coins have delivered one of their strongest performances in the past 24 hours, with a 9.4% gain.
Coins like Dogecoin ($DOGE) and Shiba Inu ($SHIB) are trending on CoinGecko, with gains of 5.6% and 5.4%.
The biggest gainers of the day include Sunpepe ($SUNPEPE) and Pepe ($TRUMP), surging by 664.5% and 109%.
Leading Pepe-themed token Pepe ($PEPE) is also trending, with a more modest gain of 11.9%. However, hoping to see $PEPE generate returns like it did earlier this year – often surpassing 45% in a single day – may be a long shot.
For one, it is already a $3 billion meme coin, so the chances of it going parabolic are much lower.
Additionally, large transactions have decreased since its peak, and even as the price has dropped, whale buying has remained subdued.
Pepe, as it remains chained to Ethereum, is constrained by
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