Defying the Odds: PepeUnchained Soars Past $24.6 Million Amidst 7.9% Crypto Market Slump
- CryptoNews, which has been covering cryptocurrency news for more than 10 years, has established itself as a trusted source in the rapidly changing world of digital finance thanks...
- Pepe Unchained ($PEPU) started the first week of November strong and raised $24.6 million.
- PepeUnchained, which reached the $23 million milestone on October 29, became a hot topic by raising an additional $1.5 million in just five days.
Last updated:
November 5, 2024 19:29 GMT+9
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Gary McFarlane
Author
Gary McFarlane
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Last updated:
November 5, 2024 19:29 GMT+9
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Pepe Unchained ($PEPU) started the first week of November strong and raised $24.6 million.
PepeUnchained, which reached the $23 million milestone on October 29, became a hot topic by raising an additional $1.5 million in just five days.
Even when the entire virtual asset market fell by 7.9%, funds continued to flow into PepeunChained, attracting attention as a major pre-sale project in 2024.
Now, PepeUnchained is not only a pre-sale project worth keeping an eye on, but is also becoming a promising prospect that can be expected to be listed on a large exchange.
already Listing discussions underway with several exchangesA suggestive post was posted on social media X. We cannot rule out the possibility that Binance, the world’s largest exchange, is one of them.
Currently $PEPU is selling for $0.01219, but the price is expected to increase in 20 hours.
Bitcoin decline and US presidential election uncertainty
Bitcoin was close to its previous high, but fell back below $68,000 on Monday.
The recent rise in Bitcoin was analyzed as the effect of the “Trump trade.” Donald Trump is the next US presidential candidate supported by many in the cryptocurrency community.
Digital asset investors’ hopes for Trump’s election can also be confirmed through numbers. Polymarket, a blockchain prediction platform, estimated the probability of Trump winning as high as 67%.
However, as Bitcoin entered the overbought zone, a correction was inevitable, and that is exactly what happened.
The polymarket trend also changed after Bitcoin fell below $70,000. Kamala Harris is closely following Trump, and as of yesterday, Polymarket’s probability of winning rose from 33% to 41.9%.
Uncertainty surrounding the ultra-close US presidential election is also affecting the virtual asset market.
Coin trader Daan Crypto Trades claimed on social media that Bitcoin could move 10% in either direction depending on the outcome of the presidential election.
Therefore, there is a 50-50 chance of reaching the previous high, and if interest rates are lowered after the election, the possibility of an increase may increase.
#Bitcoin Not the cleanest looking weekly candle this week but with what’s coming I don’t think it really matters either way.
I think there is a good probability that price will see at least a 10% move to either direction depending on who ends op winning the election this week. pic.twitter.com/OMvGCpr3Ba
— Daan Crypto Trades (@DaanCrypto) November 3, 2024
As Bitcoin fell, the rest of the virtual asset market followed. The overall cryptocurrency market capitalization has decreased by 7.9% since November 1. The decline in the memecoin market was even more rapid, with the market capitalization falling from $64 billion to $55 billion.
Pepe Unchained is holding on steadfastly, regardless of the ups and downs of the market. Since starting pre-sales, PEPU has consistently maintained its project philosophy and continued to secure new investments regardless of changes in the market.
PepeunChained’s steady growth
Pepe Unchained ($PEPU) launched a pre-sale in June to raise funds for the development of its own Ethereum layer 2 chain. In October, we also introduced a grant program for creative developers who will utilize PepeUnchained’s L2 technology.
Thanks to L2 Chain, PepeUnchained can go beyond Pepe’s predecessor and provide a cheaper and more seamless solution to own Pepe-themed memecoins.
Early investors are also seeing the potential for successful listing on exchanges and are jumping into pre-sales. Even as the entire cryptocurrency market fluctuates in the second half of this year, PepeUnchained is showing strong performance.
In fact, PepeUnchained is not only showing consistent strength, but its fundraising pace is accelerating and whale investment activity has increased.
Last month, an investor purchased 4.6 million $PEPU for $53,563 worth of ETH.
Even after the start of November, another whale investor bought 2.2 million $PEPU worth $27,000.
Source: Etherscan
This trend shows that everyone, regardless of investment size, is paying attention to promising stocks in the memecoin market.
At the beginning of the MEMCOIN supercycle, will $PEPU be the main character?
Despite the recent correction and the uncertainty surrounding the US presidential election, the memecoin supercycle is a major topic of discussion in the industry.
Murad Mahmudov, who revealed his wallet address, claimed that he believes this is a memecoin supercycle.
He pointed out on the social media platform Mahmudov predicted that this growth will continue and that 2025 could be the year of memecoins.
He claimed that the cryptocurrency community prefers memecoins over most altcoins.
In 2017 we had 1 Memecoin.
In 2021 we had 1,000 Memecoins.
In 2025 we will have 1,000,000+ Memecoins.The Market wants Memecoins more than Altcoins, and this trend has been building up for over 10 years.
The Memecoin Dominance will only Accelerate. pic.twitter.com/XlDlCZznj5
— Murad 💹🧲 (@MustStopMurad) November 3, 2024
If we are at the beginning of the Mimcoin supercycle, the recent price adjustment presents a favorable opportunity to buy Memcoin at a low price.
It is worth watching to see whether Pepe Unchained can become a project with explosive growth in the future. Coin expert Jacob Crypto Bury rates PepeunChained as one of the best memecoins to buy in preparation for a potential memecoin supercycle.
#Bitcoin Not the cleanest looking weekly candle this week but with what’s coming I don’t think it really matters either way.
I think there is a good probability that price will see at least a 10% move to either direction depending on who ends op winning the election this week. pic.twitter.com/OMvGCpr3Ba
— Daan Crypto Trades (@DaanCrypto) November 3, 2024
Join the PepeUnchained journey to reach $25 million
The next target is $25 million, but it appears that it can be achieved within a few days.
Interested investors can visit the PepeUnchained pre-sale website, connect their wallets, and purchase $PEPU tokens with ETH, USDT, BNB, or credit cards.
Pepe Unchained Coinsault, solid proofIt underwent a comprehensive audit and no significant vulnerabilities were found in the code.
The latest news from the PepeunChained community X (formerly Twitter)and telegram You can check it on the channel.
Pepe Unchained Pre-sale