Pepe Unchained pre-sale reaches US$8.3 million, Layer 2 chain will be launched soon

Pepe Unchained ($PEPU) reached a major milestone on Saturday, raising $8 million in funding. Since then, an additional $310,000 has been added to the project, bringing the total raised as of Monday to $8.31 million. Already very close to its $9 million target so far, $PEPU is showing strong momentum despite the recent downturn in the cryptocurrency market.

In the latest update on X (formerly Twitter), Pepe Unchained announced that its Ethereum Layer 2 solution will soon go live. The news may hint that the project's funding efforts may be nearing completion, as its website indicates that the chain will be launched once the pre-sale ends.

The current price of $PEPU is $0.0090178, which has increased by 12.72% from the initial pre-sale price of $0.008. However, as another funding phase ends in less than 23 hours, the price is expected to rise to $0.00905390.

Pepe Unchained attracted the attention of many investors by promising to address the limitations of its predecessor projects—namely, the high network gas fees, slow transaction speeds, and limited utility of Ethereum-based $PEPE and Pepecoin ($PEPECOIN).

Pepe Unchained aims to solve these problems with its Layer 2 solution, making transactions faster and cheaper. This Layer 2 technology not only improves the efficiency of acquiring Pepe, but also supports the creation of a new ecosystem, including various applications in DeFi, NFT, AI, and Meme coins. Its growth potential is comparable to other Layer 2 solutions on Ethereum, such as Base Chain, which quickly emerged within a year to become the main incubation platform for Mecoin.

Approximately $681 million of PEPU (approximately 65% of pre-sale funds) is currently staked, so well-known cryptocurrency YouTuber Zach Humphries emphasized that Pepe Unchained’s enhanced utility could make it a huge success in the cryptocurrency space.