QUICK TAKES
- Pepe ($PEPU) has outperformed Dogecoin ($DOGE) in weekly gains following major exchange listings and bullish market sentiment.
- Encouraging the crypto industry’s outlook is $BTC hitting its $93K ATH, spurred by Trump’s pro-blockchain stance.
- Presale tokens are also reaping the benefits. Pepe Unchained ($PEPU) is edging toward raising $30M.
Pepe has flipped Dogecoin in weekly gains after being listed on Coinbase and Robinhood yesterday. Bullish sentiment following the US election’s outcome likely also gave the coin a nudge.
Since the major exchange listings and Trump’s presidential victory, Pepe has attained a first in its history: leaping into the top 20 cryptocurrencies, sitting in the 15th spot.
It’s not the only frog meme coin capturing significant attention. Pepe Unchained (basically Pepe on steroids with its own Layer-2 network) is edging toward an impressive $30M raised during its presale.
$PEPE Hit Its ATH Earlier Today
The market responded almost immediately to news of $PEPE’s exchange listings. Within just a few hours, the meme coin’s market cap soared past $10B.
Over the past 24 hours, $PEPE’s trading volume has spiked by a commendable 273%, hitting $21B.
Its value has risen by around 77% since yesterday and hit its $0.00025 ATH earlier today.
$BTC Hit Its $93K ATH This Week
Many cryptocurrencies are on the up. This comes as no surprise, considering Bitcoin has risen by over 20% this week and has been hitting ATH after ATH (jumping to $93K yesterday).
$BTC is the crypto king. When its value ascends, others usually follow suit.
The president-elect’s favorable crypto stance is brightening the market’s momentum. The SEC’s notoriously anti-crypto rules are poised to end following Gary Gensler’s potential firing.
Another boon is the Senate’s work toward launching a $BTC reserve bill during Trump’s first 100 days as the next US leader.
Following the hype, meme coins are gaining a competitive edge. The market has appreciated by 12.5% over the last 24 hours, nearing a $130B market cap.
Beyond $PEPE, other meme-inspired tokens are benefiting from the buzz:
According to Santiment data, the rise of meme coins boils down to a significant shift in macro market trends driven by investor engagement, with many outperforming Layer 1 tokens.
Pepe Unchained Raises $29.3M on Presale
One Layer-2 (L2) meme coin that’s attracting considerable attention is Pepe Unchained ($PEPU). Its presale has raised a hefty $29.3M.
Already backed by significant capital, $PEPU is poised to list on top-tier exchanges (after the presale closes in 29 days) and rocket – just like $PEPE.
The presale offers the chance to buy the coin early at a low cost before it garners extra attention, likely pushing up its price.
Its success is to be expected. $PEPU sets itself apart from $PEPE by introducing its own L2 blockchain explicitly designed for meme coins.
Further bolstering its outstanding success, the L2 features a block explorer, decentralized exchange (DEX), instant bridging between Ethereum and Pepe Chain, advanced analytics, and builder grants.
$PEPU Embodies Meme Coin Innovation
It’s evident that the crypto frenzy following the US election hasn’t only positively boosted $BTC but also meme coins like $PEPE and $PEPU.
Exchange listing further lifts cryptocurrencies – whether they’re presales or already listed.
Cryptocurrencies with actual utility are also on the rise. $PEPU’s distinct L2 network signals maturation in the meme coin industry. Investors are increasingly interested in meme coins offering more than social trends.
As the crypto landscape continues to evolve, coins like $PEPU represent meme coins’ capabilities in the Web3 space.
References
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Leah is a seasoned British journalist with nine years of expertise who specializes in Web3 reporting. Her insightful contributions have graced the pages of respected publications, including Coinbound, Cointelegraph, Bitcolumnist, NFT Lately, and NFT Plazas. With a keen eye for detail, she offers distinct perspectives on the ever-evolving blockchain industry.
View all articles by Leah Waters (Alger)
The Tech Report editorial policy is centered on providing helpful, accurate content that offers real value to our readers. We only work with experienced writers who have specific knowledge in the topics they cover, including latest developments in technology, online privacy, cryptocurrencies, software, and more. Our editorial policy ensures that each topic is researched and curated by our in-house editors. We maintain rigorous journalistic standards, and every article is 100% written by real authors.
