Crash

Pepe

<p>The post <a href="https://coinpedia.org/press-release/pepe-unchained-presale-hits-7-5m-as-crypto-recovers-from-brutal-crash/" rel="noopener noreferrer nofollow">Pepe Unchained Presale Hits $7.5M as Crypto Recovers From Brutal Crash</a> appeared first on <a href="https://coinpedia.org" rel="noopener noreferrer nofollow">Coinpedia Fintech News</a></p>
<p>It has been a week of losses for most traders, but quick-footed degens want to make it all back with <a href="https://coinpedia.care/b_pepeunchained-en_98081?referrer=pepe-unchained-presale-hits-$75m-as-crypto-recovers-brutal-crash" target="_blank" rel="noopener noreferrer nofollow">Pepe Unchained ($PEPU)</a>.</p>
<p>This new meme coin has successfully raised $7.5 million in presale funding, signalling investors are highly bullish on its potential after launching on exchanges.</p>
<p>As fears of a global recession swept the financial markets, Pepe Unchained kept raising funds – and now the future looks bright as prices recover.</p>
<h2 class="wp-block-heading" id="h-bitcoin-eyes-60k-as-japan-sees-biggest-growth-day-since-2008-pepu-set-to-skyrocket">Bitcoin eyes $60K as Japan sees biggest growth day since 2008, $PEPU set to skyrocket</h2>
<p>After a devastating flash crash across financial markets on Monday, bulls are reentering and recouping their losses.</p>
<p>Indeed, that’s a good signal for risk-on assets across the board. Should the bull market resume, low-caps like Pepe Unchained could explode.</p>
<p>But let’s go back to Monday.</p>
<p>Japan had just hiked interest rates for only the second time since 2007, putting an end to the so-called “carry trade,” in which traders would borrow low-interest funds in Japan, convert them to a different currency, and then invest them for a higher yield.</p>
<p>The preceding carry-trade unwinding caused upheaval across the globe.</p>
<p>Stock markets in Japan, Taiwan, the United States, and many European markets booked unprecedented losses.</p>
<p>In the U.S. alone, $2.9 trillion was wiped out on Monday.</p>
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr"><img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f6a8.png" alt="🚨" class="wp-smiley" style="height: 1em; max-height: 1em;"> Global recession concerns wipe out $2.9 trillion from stocks, marking the worst day since the 2020 COVID crash.<br><br>Meanwhile, the <a href="https://twitter.com/Nasdaq?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">@Nasdaq</a> 100 is down over 10% from its peak. <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f4c9.png" alt="📉" class="wp-smiley" style="height: 1em; max-height: 1em;"> <a href="https://t.co/4XCmMwxnJZ" rel="noopener noreferrer nofollow">pic.twitter.com/4XCmMwxnJZ</a></p>— Cointelegraph (@Cointelegraph) <a href="https://twitter.com/Cointelegraph/status/1819428120723620348?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">August 2, 2024</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
 </div>
</figure>
<p>This was helped in no small part by U.S. labor market data showing a higher-than-expected 4.3% unemployment rate for July last week. This was a 20 basis point increase from June.</p>
<p>But here’s the good news: the Japanese government has U-turned.</p>
<p>Due to the stomach-turning dip, it decided to reverse the rate hike, therefore enabling the carry trade to carry on.</p>
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr">BREAKING: Japan just did a 180 and quickly folded on their rate hikes. JPY carry trade unwind is over for now. We're safe. <a href="https://t.co/ajt0UdSCF4" rel="noopener noreferrer nofollow">https://t.co/ajt0UdSCF4</a></p>— VirtualBacon <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f987.png" alt="🦇" class="wp-smiley" style="height: 1em; max-height: 1em;"> <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f50a.png" alt="🔊" class="wp-smiley" style="height: 1em; max-height: 1em;"> (@VirtualBacon0x) <a href="https://twitter.com/VirtualBacon0x/status/1821005505780662768?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">August 7, 2024</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
 </div>
</figure>
<p>The market reacted with a sign of relief. Japan’s Nikkei index has enjoyed its biggest single-day growth since 2008, and other markets have followed suit.&nbsp;</p>
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr">NEW: <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f1ef-1f1f5.png" alt="🇯🇵" class="wp-smiley" style="height: 1em; max-height: 1em;"> Japan's Nikkei stock index recorded the biggest single-day surge since October 2008 (3,122 points) – Bloomberg <a href="https://t.co/slgoOSzVsx" rel="noopener noreferrer nofollow">pic.twitter.com/slgoOSzVsx</a></p>— Radar <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f6a8.png" alt="🚨" class="wp-smiley" style="height: 1em; max-height: 1em;"> (@RadarHits) <a href="https://twitter.com/RadarHits/status/1820833117638152336?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">August 6, 2024</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
 </div>
</figure>
<p>Among them is, of course, the cryptocurrency market, with Bitcoin now trading above $57K.</p>
<p>That’s over 14% from its lows, according to CoinMarketCap data.</p>
<p>But other cryptos have booked even more substantial gains.</p>
<p>Today’s top performers are Solana meme coins Popcat and Dogwifhat, up 19% and 18%, respectively.</p>
<p>And yesterday, Brett led the top 100 cryptos with a staggering 45% 24-hour increase.&nbsp;</p>
<figure class="wp-block-image size-large"><img decoding="async" width="1024" height="473" src="https://image.coinpedia.org/wp-content/uploads/2024/08/07180715/image-96-1024x473.png" alt="coinmarketcap-chart" class="wp-image-335701" srcset="https://image.coinpedia.org/wp-content/uploads/2024/08/07180715/image-96-1024x473.png 1024w, https://image.coinpedia.org/wp-content/uploads/2024/08/07180715/image-96-300x139.png 300w, https://image.coinpedia.org/wp-content/uploads/2024/08/07180715/image-96-768x355.png 768w, https://image.coinpedia.org/wp-content/uploads/2024/08/07180715/image-96-1536x709.png 1536w, https://image.coinpedia.org/wp-content/uploads/2024/08/07180715/image-96-150x69.png 150w, https://image.coinpedia.org/wp-content/uploads/2024/08/07180715/image-96.png 1600w" sizes="(max-width: 1024px) 100vw, 1024px">
</figure>
<p>With meme coins leading crypto’s recovery, it’s the perfect time for Pepe Unchained to launch.</p>
<p>And unlike the other meme coins mentioned, Pepe Unchained didn’t slow while the broader market was selling off.</p>
<h2 class="wp-block-heading" id="h-pepe-unchained-is-building-an-ethereum-layer-2-will-it-be-bigger-than-polygon">Pepe Unchained is building an Ethereum layer 2 – will it be bigger than Polygon?</h2>
<p>There’s no denying that meme coins stole the show in 2024, but they’re yet to have a dedicated blockchain.</p>
<p>DeFi has multiple, and so do real-world assets and NFTs. However, no one has made a blockchain just for meme coins.</p>
<p>Enter Pepe Unchained.</p>
<p>It’s the first viral meme coin with its own blockchain.</p>
<p>It will be an Ethereum layer 2, meaning it benefits from Ethereum’s security and decentralization while offering faster and lower-cost transactions.</p>
<p>Developers are free to build as they please on Pepe Unchained. They could create Play-to-Earn games, a perpetual exchange to leverage trade meme coins, a metaverse, or anything else.</p>
<p>For retail traders, meme coins are a lottery ticket to get rich quickly, so there will likely be queues around the block to use Pepe Unchained.</p>
<p>There are also features like staking, making it even more appealing.</p>
<p>Accommodating the hottest sector of cryptocurrencies, Pepe Unchained has every chance of becoming a leading Ethereum layer 2.</p>
<p>Right now, one of the top layer 2s is Polygon, which holds a $4 billion market cap. With that in mind, there’s a lot of upside potential for $PEPU, which has raised $7 million.</p>
<p>According to the 99Bitcoins YouTube channel, Pepe Unchained could “lead the next bull market rally.”</p>
<p>The analyst suggested that meme coins like Pepe Unchained have the most growth potential as the crypto market recovers.</p>
<figure class="wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio">
 <div class="wp-block-embed__wrapper"><iframe title="Meme Coins Will Lead The Next Bull Market Rally! Here Are My Top Meme Coin Picks!" width="1220" height="686" src="https://www.youtube.com/embed/jAnl7WvuEi0?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe>
 </div>
</figure>
<p>Right now, investors can buy $PEPU at a discounted presale rate of $0.0089105.</p>
<p>However, this price will rise throughout the campaign.</p>
<p>So don’t miss out. Follow Pepe Unchained on <a href="https://x.com/pepe_unchained" target="_blank" rel="noopener noreferrer nofollow">X</a> or join its <a href="https://t.me/pepeunchained" target="_blank" rel="noopener noreferrer nofollow">Telegram</a> for the latest updates. Alternatively, visit its website to buy and stake tokens.</p>
<p><a href="https://coinpedia.care/b_pepeunchained-en_98081?referrer=pepe-unchained-presale-hits-$75m-as-crypto-recovers-brutal-crash" target="_blank" rel="noopener noreferrer nofollow"><strong>Visit Pepe Unchained Presale</strong></a></p>

Pepe Unchained Presale Hits $7.5M as Crypto Recovers From Brutal Crash

Table of Contents

CoinPedia News

Other articles published on Aug 7, 2024

Analysts Predict Bullish Outcomes for XRP Price Amid Market Recovery

Yona Network Integrates with Babylon Chain to Bridge Bitcoin and Solana

Ripple Ordered to Pay Massive Penalties: Details

OKX Announces Removal of Multiple Tokens from Platform

Ripple’s Legal Victory Ignites XRP Trading Frenzy

Ex-Wemade CEO Accused for Alleged Token Sale Misconduct

Join our free newsletter for daily crypto updates!