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Layer-2 meme coin Pepe Unchained (PEPU) has surged 113% up to now 24 hours to change into the No. 1 trending cryptocurrency on CoinMarketCap, outshining Bitcoin even after it reclaimed the $100K mark.
PEPU is a sensational new Pepe coin by-product that exploded after its launch on Uniswap on Dec. 10, surging to a market cap of $377 million after hitting a brand new all-time excessive (ATH) of $0.05292 up to now day. It’s already skyrocketed greater than 4x since launch.
Wall Avenue Pepe Raises Over $2.2 Million In Presale In Solely 24 Hours
However as Pepe Unchained goes parabolic, yet one more frog-themed rival referred to as Wall Avenue Pepe (WEPE) has burst onto the scene, additional shaking up the frog-themed meme coin sector after elevating $2.2 million in simply at some point.
That’s taken its presale increase to $6.45 million in barely greater than every week, fueling hypothesis that it may match and even surpass PEPU’s extraordinary $73 million presale fundraising.
It’s already pulling capital in at a a lot quicker tempo than PEPU did within the early phases of its ICO marketing campaign. And if it sustains the run fee of the previous 24 hours, WEPE is on monitor to surpass the $50 million milestone by the top of the month.
All the joy within the frog-themed nook of the crypto world up to now 24 hours got here as Bitcoin rose from a low in the course of the interval of $97.305.72 to a excessive of $101,913.36. It has since retraced to commerce at $100,506.30 as of two:55 a.m. EST.
WEPE Would possibly Surpass Pepe Unchained As Meme Coin Mania Erupts In 2025
WEPE can be completely positioned to profit from the 2025 meme coin mania that Bitwise has predicted in its newest report.
2024 was a landmark yr for crypto, however we imagine 2025 will mark the start of its golden period.
10 predictions for the yr forward (plus one massive bonus prediction):
1. Bitcoin will commerce above $200,000.
2. Bitcoin ETFs will appeal to extra flows in 2025 than they did in 2024.…
— Bitwise (@BitwiseInvest) December 10, 2024
Many specialists, together with YouTuber Austin Hilton with 295K subscribers, anticipate nice issues for Wall Avenue Pepe‘s future. In a latest video, Hilton predicted the brand new meme coin will “revolutionize the crypto area.”
Pepe Unchained Combines Meme Coin Attraction With Chopping-Edge Layer-2 Know-how
Nonetheless, in Pepe Unchained, WEPE will face a troublesome competitor that has already change into the sixth-biggest frog-themed meme coin by market cap behind PEPE, BRETT, TURBO, PEPECOIN and FWOG
In latest months, business leaders have referred to as for extra utility within the total crypto area. Pepe Unchained, with its lightning-quick layer-2 community, is a frontrunner on this regard inside the booming meme coin area.
Not solely does Pepe Unchained attraction to degen merchants and traders, who usually thrill-trade meme cash, it additionally addresses Ethereum’s scalability points. In 2024, hype round meme cash has led to a number of outages for a few of the main layer-2 networks within the Web3 area.
Ethereum, with its first-mover benefit within the decentralized finance (DeFi) business, has change into the de facto community for a lot of builders to deploy their tasks. This enhance in visitors has upped community charges and transaction finality occasions considerably.
PEPE UNCHAINED L2 IS LIVE!
Yesterday’s launch went off with out a hitch.
Our L2 community dealt with the huge quantity effortlessly and is now able to welcome the lots!
Take a look at our official block explorer, Pepuscan, and witness this greatness firsthand.… pic.twitter.com/0EJ7itirOz
— Pepe Unchained (@pepe_unchained) December 11, 2024
By providing a quick and low cost chain, Pepe Unchained’s community may change into a brand new haven for the subsequent technology of meme cash.
The venture has already launched a developer grant program and can quickly unveil its personal meme coin launchpad to compete immediately with the Solana-based Pump.enjoyable.
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