Crypto analysts are backing Pepe Unchained, a new memecoin with its own Ethereum layer 2.

Some of crypto’s most prominent analysts are rallying behind Pepe Unchained (PEPU), a new memecoin with its own Ethereum layer 2 blockchain.

The project is currently undergoing a presale, and investors are throwing money at it. So far, they’ve scooped up over $10.8 million worth of PEPU tokens.

ClayBro can’t believe how much Pepe Unchained is raising at presale

ClayBro, an analyst with 130K YouTube subscribers, said Pepe Unchained will “become the top memecoin.”

“Closing in on $11 million total raised, Pepe Unchained is one of the largest presales going on right now, which is a testament to its strength,” said the analyst.

“Since peaking on 5 June, the market has been through a brutal period, yet Pepe Unchained can sell out, they’re able to raise money – these guys are doing something right that no other presale is,” he continued.

When ClayBro said Pepe Unchained will be the “top memecoin,” it’s unclear whether he expects it to overtake Dogecoin or whether he means the top new memecoin.

Either way, the analyst stands on his words and embraces PEPU’s potential. And he’s not the only one.

The 99Bitcoins YouTube channel dubbed Pepe Unchained a “100x gem,” suggesting it could increase 100x in value after launching on exchanges. But for those seeking the most upside potential, it’s crucial to act fast.

That’s because the price is expected to incrementally increase throughout the presale. It’s currently priced at $0.0093477, and next increase will likely occur in just over one day.

Pepe Unchained: the degens answer to scalability

For all of Ethereum’s benefits like decentralization, permissionlessness, and censorship resistance, the pervasive scalability issue still stands.

Transaction fees are simply far too high when the network is congested. Suppose Alice wanted to send Bob $20; in exceptional circumstances, it could cost 5x that in gas fees.

As such, the Ethereum community has created a workaround: layer 2 blockchains. These offshoot networks connect to the Ethereum mainnet, handling some transactions for a fraction of the cost. They’re usually faster, too.

Layer 2 adoption is exploding. It’s at an all-time high, according to L2Beat data.

But there’s one thing missing: a home for degen memecoin traders. Memecoin activity has been limited on layer 2 chains thus far.

A lot of layer 2s are funded by venture capital and don’t fit the grass-roots ethos of memecoins. But this is where Pepe Unchained comes in.

It’s running a fair and open presale – everyday investors can join from the get-go, and there’s no early allocation for VCs.

Moreover, Pepe Unchained will be the first Pepe-themed token with its own blockchain.

Pepe emerged as the most iconic memecoin of this cycle, and now it’s entrenched in a unique, memetic answer to scalability. So what next?

The Pepe Unchained presale is ongoing. The funds raised will facilitate the development of “Pepe Chain.” Per its website, Pepe Chain has sophisticated features like a block explorer and a dedicated Ethereum bridge.

It also offers massive staking rewards. They’re currently valued at an 184% APY – over 20x higher than Ethereum’s.

All of this makes Pepe Unchained a serious contender in Ethereum’s scalability arms race. The memecoin sector is worth over $40 billion, and this will be the first time it has a fast and scalable home on Ethereum.

Join the Pepe Unchained presale at the lowest price

Buying Pepe Unchained early provides the biggest return potential. In addition to securing the lowest price, investors can maximize their $EPU gains through staking.

Connect a wallet to the Pepe Unchained website to invest. Choose the amount to buy and the crypto to pay with – the presale accepts ETH, BNB, USDT, and bank card payments.

Once the campaign ends, a user can claim their tokens from the Pepe Unchained website. Solid Proof has audited the project and found no issues. This signals that Pepe Unchained is legitimate and negates the risk of scams and rug pulls.

For more information, visit the Pepe Unchained Presale website or join the community on Telegram and X.