Memecoins are continuing to show strong performance in the crypto market, with several assets recording significant gains. Notably, the ICO for Pepe Unchained has successfully raised over $17 million amid a rising trend in the meme coin market.
Memecoins Show Strong Performance
The memecoin market experienced a significant surge over the past week, with its market capitalization jumping nearly $8 billion, from approximately $42 billion to $50 billion. Daily trading volume also surged, reaching $6.15 billion.
Several memecoins within the top 100 crypto assets by market capitalization have posted impressive performances. First Neiro on Ethereum (NEIRO) leads with a 37.49% gain, followed by Mog Coin (MOG) rising 18.00%, and dogwifhat (WIF) securing third place with a 13.06% increase. On the other hand, Pepe (PEPE) claimed the sixth position with a 2.23% gain in the last 24 hours. PEPE attracts significant attention in the market, despite its more modest growth, as it has the potential to draw liquidity from investors looking to diversify into other memecoins.
Pepe Unchained Raises $17 Million
Pepe Unchained has garnered significant attention within the crypto community, raising over $17 million through its ICO. The project leverages layer-2 technology, enabling faster transactions and lower fees compared to Ethereum’s main network, making it one of the more exciting innovations in the memecoin sector.
Additionally, the Pepe Unchained team recently launched a grant program aimed at blockchain developers to enhance its ecosystem. The program fosters innovation in DeFi applications and blockchain games, further solidifying Pepe Unchained’s position in the crypto market.
Pepe Unchained’s native token, PEPU, is still available through presale at a price of $0.00989. After the presale concludes, the token will be listed on major exchanges soon. Investors can purchase PEPU using ETH, BNB, USDT, or bank cards by connecting their wallets directly to the official Pepe Unchained website.
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