Pepe Unchained Raises Over $13.1M
Pepe Unchained ($PEPU) is emerging as the top token presale of 2024 after recently reaching the milestone of $13.1 million in funds raised.
Ethereum's new Layer 2, which features its own block explorer and even its own DEX, will be among the scalability solutions that Vitalik Buterin fully supports in 2025. As it removes the obstacles to holding Pepe and possibly other memecoins that still reside on Ethereum.
As a result, Pepe Unchained has established a strong reputation as the Pepe that will take the third spot on the list of top memecoins, supported by its steady inflow of capital, which will undoubtedly reach the $14 million mark next week.
So, if you haven’t purchased $PEPU tokens yet, each one is currently priced at $0.0096897. However, this price will increase to $0.0097284 in less than two days as a new funding phase begins.
Before we dive into the details of $PEPU, it’s important to understand what gas fees are and why they are so important to coins and blockchains.
Gas Fees: The Fuel That Powers Blockchains
Gas fees, a fundamental concept in the cryptocurrency universe, especially on the Ethereum network, represent the cost associated with each transaction made. But what exactly are these fees and why are they so important?
What are gas fees?
Think of the blockchain as a large distributed computer, where thousands of devices work together to validate and record transactions.
For this process to occur efficiently and securely, network validators need to be rewarded. This is where gas fees come in: they act as a financial incentive for validators to include their transactions in the next block.
Gas fees are paid in Ether (ETH), Ethereum’s native cryptocurrency, and are measured in Gwei, a very small fraction of ETH. The amount of the gas fee varies depending on the complexity of the transaction and the demand on the network. The more complex the transaction or the greater the congestion on the network, the higher the gas fee required.
Why are gas fees important?
Incentive for validators: Gas fees ensure that validators have a financial interest in keeping the network running efficiently and securely.
Spam prevention: By requiring payment of a fee, the network disincentivizes fraudulent or useless transactions, such as sending large amounts of useless data to the blockchain.
Resource allocation: Gas fees help determine the order in which transactions are processed. Transactions with higher fees tend to be included in blocks more quickly.
Impact on cryptocurrencies and blockchain networks
Gas fees have a direct impact on the functioning of cryptocurrencies and blockchain networks. A significant increase in fees can make transactions more expensive and less accessible, impacting the adoption of certain cryptocurrencies.
On the other hand, very low gas fees can lead to network congestion and increased transaction confirmation times.
In short, gas fees are a fundamental mechanism for the functioning of blockchain networks, ensuring the security, scalability and decentralization of these platforms.
By understanding how gas fees work and what factors influence their value, cryptocurrency users can make more informed decisions about their transactions and contribute to the development of a more efficient and sustainable blockchain ecosystem.
Pepe Unchained levels the playing field for all investors
One way Pepe Unchained takes Pepe ownership to another level is by operating on its own blockchain.
As a result, transactions are significantly cheaper and faster. While Ethereum gas fees fell to an all-time low on September 7, they can still be volatile, with costs skyrocketing during periods of high demand on the network.
When gas fees increase, the cost of transactions can become prohibitive, especially for small retail investors who are often left unable to take advantage of opportunities to capitalize on token appreciation.
When gas fees skyrocketed
A notable example of this occurred in May last year, when gas fees spiked to 150 Gwei due to a surge in Pepe ($PEPE) buying activity. One Gwei is equal to one billionth of an Ether. In practice, this can result in transaction fees exceeding $50.
This caused bewilderment among some investors, with one user in particular using Reddit to vent about how a $15 transaction in $PEPE could incur a $50 fee.
This is the worst-case scenario for a user with limited resources who wants to get in on the trend and potentially benefit from a significant $PEPE appreciation. After all, this investment could have returned at least seven times during $PEPE’s peak this year.
For example, if the investment had been made just a month earlier, in April, a $15 purchase could have grown to over $3,300 – assuming gas fees hadn’t deterred the investor.
Now, with Pepe Unchained, that’s about to change. This version of Pepe maintains the same appeal but eliminates the unfairness of high gas fees, creating a level playing field for all investors.
Introducing Pepe Unchained’s DEX and Block Explorer
It’s not just the lower transaction costs that make Pepe Unchained a better alternative to its Ethereum counterpart.
Pepe Unchained is a meme-centric ecosystem and launchpad for tokens that could compete with Solana's Pump.fun and Tron's SunPump.
Indeed, the possibilities are limitless as it could become the main chain to bring to life a Pepe-flavored Dogecoin ($DOGE) or Shiba Inu ($SHIB).
In short, with this development, small investors will no longer be left out of high-return opportunities.
Additionally, Pepe Unchained will be launching its own DEX, as mentioned in its X post below. This will make swapping $PEPU with tokens like ETH and USDT cheaper. Soon, all future tokens built on Pepe Unchained will be tradable on this DEX, and transactions will be trackable via its block explorer.
For our L2 we’ve built a custom DEX that allows for cheap swaps between $PEPU and supported tokens like (ETH, USDT, etc.). pic.twitter.com/jW0PVuKkbC
— Pepe Unchained (@pepe_unchained) September 6, 2024
Pepe Unchained is on track to $14 million and could multiply that by 100
With the substantial funding that Pepe Unchained has already raised, it is evident that investors have strong confidence in its potential as a top memecoin.
This impressive support ahead of the exchange launch is why some $PEPU price predictions are exceptionally bullish, with projections suggesting gains of up to 100x by the end of the year.
O Crypto YouTuber ClayBro recognizes that while a 100x return is within the realm of possibility, the most realistic target for the short term is $0.016.
This would represent a 66% increase over the current price of pre-sale and could double by 2025.
Still, anything can happen in the market. While these predictions represent only conservative estimates, we have seen many tokens skyrocket by as much as 1,000% in just a few weeks.
If Pepe Unchained has already raised over $1 million per week, imagine what it could achieve when launched on major exchanges.
So if you haven't added Pepe Unchained to your portfolio yet, visit their official website now. Connect your wallet and buy $PEPU using ETH, USDT or BNB. Credit card payments are also accepted.
Rest assured, the Pepe Unchained smart contract has undergone a full audit by Coinsult and SolidProof, with no critical issues found.
Disclaimer: This article is for informational purposes only and does not constitute investment advice or an offer to invest. CriptoFácil is not responsible for any content, products or services mentioned in this article.