As Solana meme coins like Pochita surge and produce life-changing profits for early adopters, attention now shifts to Pepe Unchained, a new Layer-2 meme coin gaining momentum.
Key Points:
- Pochita coin buyer turned $140 into $450,000 in under 24 hours on Solana
- Whale investors have flocked to Pepe Unchained’s presale, raising over $17.3 million
- Pepe Unchained’s Layer-2 solution aims to reshape Ethereum’s meme coin landscape
October 2024 has witnessed a wave of attention on Solana-based meme coins, with one standout story being a trader who turned a $140 investment in the newly launched Pochita token into $450,000 in under 24 hours.
The rapid rise of Pochita has renewed interest in meme coins across the crypto market as more traders look for the next big hit.
Pochita’s rise followed a viral event within the Solana community. The owner of the dog that originally inspired the popular Solana meme coin, BONK, adopted a new pet, which led to the creation of several meme coins named after the new dog, Pochita.
One token quickly rose above the rest, drawing interest from crypto enthusiasts and degens looking for quick profits.
An early trader, whose wallet is identified as “AjwF,” made a strategic bet by purchasing 1 SOL (approximately $140) worth of Pochita just over a minute after the token’s launch.
As the 19th buyer, the trader held onto the token as its value soared while other similar coins fizzled out. With Pochita’s market cap peaking at $35 million, the initial investment ballooned to $450,000 in value.
Despite Pochita’s price pulling back by 45% from its all-time high, the trader remains the largest holder, controlling 2.18% of the total token supply.
The decision not to sell yet follows a pattern seen in trading other meme coins, such as Moo Deng, where another trader turned $800 into $7.5 million but failed to sell before the token’s value dropped.
As this meme coin phenomenon continues to unfold, attention is shifting toward new opportunities, particularly Pepe Unchained, a Layer-2 meme coin on Ethereum attracting significant interest from retail and whale investors.
Pepe Unchained: A New Contender in the Meme Coin Arena
While Solana’s meme coins like Pochita have stolen the spotlight recently, the Ethereum ecosystem is seeing a rapid rise in popularity for Pepe Unchained (PEPU), a meme coin project currently in its presale phase.
With over $17.3 million already raised, the presale is drawing attention for its unique combination of advanced technology and strong community backing.
Unlike many meme coins, often criticized for lacking real use cases, Pepe Unchained is positioning itself as a serious player in the market.
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The project aims to solve Ethereum’s scaling issues through its Pepe Chain, a Layer-2 solution designed to make transactions faster and cheaper.
This technology enables transactions to be processed off the main Ethereum chain, allowing for improved scalability while still being compatible with the Ethereum ecosystem.
Pepe Unchained’s presale has seen significant participation from large investors, with whale purchases making headlines.
Recently, a whale invested 21.75 ETH (approximately $51,100), following previous whale buys of $56,000 and $25,990. The involvement of large investors is often considered a positive signal for projects in the early stages, as it suggests confidence in the token’s long-term potential.
The presale for Pepe Unchained follows a stage-based pricing model, with tokens currently priced at $0.00991. Early investors are keen to secure tokens at this lower price before the presale progresses and prices rise. Once the presale concludes, participants can claim their tokens through the wallets they used to purchase them.
Pepe Chain and the Potential for Long-Term Growth
The excitement around Pepe Unchained extends beyond just presale hype. The project’s Layer-2 solution, Pepe Chain, has the potential to make a significant impact on the Ethereum ecosystem, particularly in the meme coin space.
By offering faster and cheaper transactions, Pepe Chain addresses one of the major pain points for Ethereum users, positioning itself as a viable competitor to other Layer-2 solutions such as Shiba Inu’s Shibarium.
Pepe Chain is designed to support a broad ecosystem of decentralised applications (dApps), non-fungible tokens (NFTs) and decentralised finance (DeFi) tools. To encourage development on the platform, the team behind Pepe Unchained has launched the Pepe Frens with Benefits program, which provides grants to developers to create new projects that leverage the Pepe Chain infrastructure.
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In addition to the technological advancements, Pepe Unchained offers an attractive staking protocol, with yields that initially exceeded 15,000% annual percentage yield (APY) for early participants. While these returns have since normalised to 124% APY, they remain competitive compared to other staking protocols on Ethereum.
Another factor contributing to Pepe Unchained’s momentum is the project’s transparency. Its tokenomics have been thoroughly audited by well-regarded firms like Coinsult and SolidProof, providing a level of trust that is not always seen in the meme coin world.
Will Pepe Unchained Be the Next 100x Meme Coin?
With significant backing, advanced technology and a clear plan for long-term development, Pepe Unchained is emerging as a serious contender in the meme coin space. The project’s Layer-2 solution, combined with whale investments and community support, gives it a strong foundation for growth.
For investors who missed out on early Solana meme coins like Pochita or the previously surging Moo Deng, Pepe Unchained presents a new opportunity. The involvement of whale investors and its focus on solving Ethereum’s scaling issues could position it for substantial growth, potentially replicating the success of projects like Shiba Inu’s Shibarium.
