PeiPei, The Red Pepe, Surges +280% in 7 Days While The Market Keeps Bleeding – And Check Out This Other Presale
PeiPei may be red but paints its chart green with +280% in a week – Asian Pepe, PeiPei, is leading the way while the OGs meme coins are struggling behind.
Well, what can we say? We are witnessing a delicate moment for cryptocurrencies with Bitcoin falling further to levels not seen since February 2024 and the backlash affects most of the other cryptocurrencies.
Even meme coins are not immune with PEPE falling -33%, Doge -22%, Shiba Inu -21%, and WIF -20% in a week. But the list is much longer. Clearly, in such a context, the meme coins that are going against this negative trend cannot help but stand out and, among these, PeiPei has truly amazed with a +280% in a week and a +10% in one day.
PeiPei, the Eastern PEPE, Looks In Great Shape. Will This Impressive Performance Continue?
So what is PeiPei? Well to put it simply, take into consideration the most classic and famous PEPE and give it an Asian twist. PeiPei transforms Matt Furie’s character into a red frog infused with Asian culture and pays homage to it.
Clearly, this concept resonated with investors who did not consider PeiPei a simple copycat of PEPE. Last week, PeiPei reached an ATH of $113 million and currently has a market cap of $80 million. Impressive numbers, in complete contrast to the current market trend. It’s hard to make any assumptions about future PeiPei’s price. For the moment, Peipei does not appear to have lost the positive momentum as the price continues to rise and it’s already up 16% from today’s low.
Pepe Unchained: A Pepe With Its Own Blockchain
We talked about PeiPei, the Asian PEPE, and its impressive performance. To stay on topic, we introduce Pepe Unchained, PEPU, a layer-2 blockchain with a Pepe-themed meme core.
But What Is a Layer-2 Blockchain, and What is it Used For?
A Layer-2 (L2) is a protocol or framework built “on top” of an existing blockchain Layer-1 (L1). These L2s are usually created to solve problems inherent to the L1, such as transaction speed, cost, energy expenditure, etc. PEPU aims to a be faster and cheaper option than Ethereum offering, at the same, the possibility of staking your PEPU to earn rewards passively.
Pepe has broken his chains with his own layer 2 blockchain solution:
🧠 Instant bridging between ETH and Pepe Chain
🧠 Lowest transaction fees
🧠 100x faster transaction speeds compared to ETH
🧠 Dedicated Block ExplorerJoin the future with Pepe Unchained! ⛓️🐸 pic.twitter.com/hluCsuV1Xz
— Pepe Unchained (@pepe_unchained) July 1, 2024
For investors, it seems clear that PEPU’s greatest potential is to become a major hub for meme creation, making it one of the preferred blockchains for this type of project, similar to Base blockchain.
PEPU presale raised more than $2 million dollars and is preparing to enter the next phase with an increase in the current price of $0.0082596 per PEPU. Early PEPU holders can already stake their tokens and earn with an 814% APY.
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Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.
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