Ethereum meme coins thrive as traders cheer for Trump’s SEC changes. Pepe Unchained presale raises $25M, unveiling Pepe Pump Pad.

Ethereum meme coins are thriving as crypto traders cheer for President-Elect Trump to boot Gary Gensler from the SEC.

Yet, it’s the newest Ethereum meme coin, Pepe Unchained (PEPU), which everyone is watching.

The project is undergoing a presale, which has now raised over $25 million.

As the presale crosses the revered quarter of a million mark, the Pepe Unchained team just unveiled its new brainchild, Pepe Pump Pad – a Pump.fun alternative for its Ethereum layer 2 blockchain.

Ethereum ecosystem booms amid rumors of Gensler’s resignation

Ethereum-based meme coins have outperformed the broader market this week.

This comes as rumors flare that SEC Chair Gary Gensler will quit before Donald Trump is sworn into office on 20 January 2025. Trump made it no secret in his campaign that he’ll fire Gary Gensler, with his negative sentiment fueled by Gensler’s brash approach to regulating financial markets.

That goes against everything that Trump stands for. He’s a political figurehead who places a big emphasis on deregulation.

🇺🇸 TRUMP: "I will fire Gary Gensler and appoint a new SEC chairman … who believes America should build the future, not block the future." pic.twitter.com/5KHrdgHe2Q

— Cointelegraph (@Cointelegraph) November 5, 2024

And Trump’s hands-off approach is providing Ethereum tokens with a tailwind. While the SEC greenlighted the Ether ETF this year, it didn’t stop them from trying to take down its most prominent ecosystem players. OpenSea, Consensys, and Uniswap were all fair game.

The SEC has been a chokepoint for Ethereum development. But now that they’re out of the way, the ecosystem is flourishing again.

But as always, meme coins are outperforming.

While ETH has risen 16% in the past week, Pepe has soared 21%, and First Neiro On Ethereum has risen 45%.

But it’s not just the blue chip Ethereum meme coins causing a splash. Investors are also scrambling to the Pepe Unchained presale ahead of Trump’s next presidential term.

Its $25 million presale raise is a testament to its unique use case, building Ethereum’s first meme coin-focused layer 2 blockchain. 

Should the Ethereum ecosystem and meme coin season continue to grow, Pepe Unchained is perfectly positioned to capture major capital inflows.

‘Pepe Pump Pad’ lets users launch meme coins with 2 clicks

Amidst its presale momentum, Pepe Unchained unveiled the “Pepe Pump Pad” this week, its answer to Solana’s viral Pump.fun platform.

Pump.fun is a meme coin generator app that lets users (even without knowing how to code) launch a meme coin in minutes and at a minimal cost.

It opens the floodgates, allowing degens to let their imaginations run wild. So, it should be no surprise that the tool has birthed some of Solana’s wildest and wackiest joke tokens.

Pump.fun memes are soaring this week, with frontrunner Goatseus Maximus up 59% to a whopping $831 million market cap. Meanwhile, Pump.fun-created tokens like Fwog, Michi, and Moo Deng have all outpaced the wider market with pumps in excess of 30%.

And now, Pepe Unchained is bringing the excitement of an open meme coin generator to the Ethereum ecosystem via its fast and low-fee layer 2 blockchain.

While Ethereum was bound by archaic transactional capabilities, Pepe Unchained opens it aims to seamless Ethereum-based meme coin ownership, lifting transaction speeds by 100x and cutting costs.

This makes it ideal for high-frequency transacting, which is a staple of meme coin trading.

Factoring in Ethereum’s unmatched DeFi and liquidity infrastructure, the new Pepe Pump Pad could see significant growth.

Whale buys top $100K in 2 transactions this week

Smart money understands the opportunity that Pepe Unchained presents. 

The $25 million total raise has been backed by countless high-value investments, two of which amount to over $100K just this week.

One deep-pocketed trader accumulated 2.2 million PEPU for $22K, while another scooped up 6 million PEPU for $77K.

At the same time, leading industry analysts are hailing it as the next big thing. Crypto Nitro told his 148K followers that Pepe Unchained might be the best meme coin to invest in.

Interest from prominent market players suggests that Pepe Unchained is not one to miss, even if we already know that based on its groundbreaking use case.

For more information, visit the Pepe Unchained presale website and join the community on X or join its Telegram for updates.