Pepe Unchained ($PEPU) kicks off the first week of November, and a total of $24.5 million in presale funds has been secured.
Having just crossed the $23 million milestone on Oct. 29, Pepe Unchained has raised an additional $1.5 million in just the past five days, bringing its funding total to its current level.
Despite a 7.9% drop in the market, the steady influx of capital cements Pepe Unchained as the top presale token of 2024.
At this point, Pepe Unchained has positioned itself not only as a presale token to watch but also as one to keep an eye on for a potential major exchange listing.
In fact, it is already on the radar of several top-tier exchanges, one of which could be Binance, the world’s largest crypto exchange by volume.
Investors still have less than two days to secure $PEPU at the current presale stage price of $0.01219 before it undergoes a price increase to begin another round of funding.
Bitcoin slump and U.S. Election uncertainty
After nearly reaching its all-time high, Bitcoin fell below $68,000 on Monday.
The recent surge in Bitcoin’s price has been fueled by the so-called “Trump trade,” with the former president remaining the crypto market’s horse as the U.S. elections approach.
The desire for a Trump victory among digital asset holders is evident, with bettors on Polymarket placing Trump’s odds as high as 67%.
Yet, with Bitcoin teetering in overbought territory, a correction was inevitable – and that is precisely what took place.
Since Bitcoin’s drop from $70,000, the tide on Polymarket has shifted, with Kamala Harris now upping her chances by rising from 33% to 41.9% on Monday.
The uncertainty surrounding the U.S. elections – where the candidates are neck and neck in the polls – is now mirrored in the crypto markets.
Trader Daan Crypto Trades on X suggests that Bitcoin could swing 10% in either direction depending on the election outcome.
This means the path back to its all-time high is a 50/50 proposition, with a post-election quarter-point rate cut likely to be of help.
As Bitcoin slumps, the broader market has followed suit, with total cryptocurrency market capitalization dropping 7.9%, or about $190 billion, since Nov. 1. Meme coins have faced a sharper decline, falling from a peak of $64 billion to $55 billion.
However, amidst the market’s ups and downs, one token stands strong: Pepe Unchained. This new meme coin remains true to the theme it embraced since its presale debut, consistently bringing in millions regardless of market conditions.
Pepe Unchained’s continuous theme of winning
Pepe Unchained launched its fundraising campaign in June to support the development of its upcoming Layer 2 chain on Ethereum. Last month, it opened the door for skilled developers to receive grants by presenting innovative ideas that utilize Pepe Unchained’s L2 technology.
Of course, its own L2 gives it the edge against its Pepe predecessors as it will finally provide a smoother and less expensive path to Pepe token ownership.
Recognizing the potential for a successful exchange listing, early investors have capitalized on $PEPU’s price while at a discount in presale. Even though the market faced highs and lows in the second half of the year, Pepe Unchained maintained a solid winning streak, attracting investors eager to bring its L2 vision to life.
In fact, Pepe Unchained has not only sustained its hot streak but also experienced an acceleration in funding in recent months, with increased participation from whales.
Last month, a single investor snapped up 4.6 million $PEPU tokens, valued at about $53,563 in ETH at the time.
As November began, another whale purchased 2.2 million $PEPU tokens for around $27,000.
Ethereum Transaction Hash (Txhash) Details | Etherscan
Such significant purchases suggest that a rising tide of investors, regardless of their size, has turned their eyes to the meme coin sector’s newest gem.
We are in the early stages of a meme coin supercycle, and $PEPU is a top token to buy ahead of the sector going parabolic
Despite the current market pullback and uncertainties surrounding the U.S. elections, the meme coin supercycle remains a dominant topic in the industry.
Investor Murad Mahmudov, who has made his wallet public, believes the meme coin supercycle is still in its early stages.
In a recent post on X, Mahmudov pointed out that in 2017, there was only one notable meme coin – Dogecoin ($DOGE) – but by 2024, that number has surged to over a million meme coins. He predicts that this growth will continue, even stating that 2025 will be the year of meme coins.
He argues that the community favors meme coins over most other types of altcoins.
If we are indeed still in a meme coin supercycle, the recent market pullback may be a crucial opportunity for an investor to go on a meme coin shopping spree in preparation for when the sector turns parabolic.
With the attention it has garnered in such a short time, Pepe Unchained could be one of the meme coins that delivers massive returns and transforms fortunes in the industry.
This is why Jacob Crypto Bury has categorized it as a top meme coin to buy ahead of a potential supercycle.
BEST 5 MEME COINS To Buy Now for The MEME COIN SUPER CYCLE!! (youtube.com)
Don’t miss out! Join the next milestone at $25 million
The next milestone is $25 million, which is attainable in just a few days.
If you’re new to the Pepe Unchained presale, you can become an early contributor by visiting the project’s official website and connecting your wallet to purchase $PEPU using ETH, USDT, or BNB. Credit card payments are also accepted.
Pepe Unchained’s smart contract has been fully audited by Coinsult and SolidProof, and no critical issues in its code have been found.
Stay informed about the latest developments and announcements by joining the Pepe Unchained community on X and Telegram.
Visit Pepe Unchained
The post Pepe Unchained Raises $24.5M in Presale Amid 7.9% Market Drop – Don’t Miss the Top Presale of 2024 appeared first on Cryptonews.
