Frog coins are defying the broader crypto market pull-back as Pepe coin (PEPE) fuels strength across the meme coin vertical. The Pepe Unchained (PEPU) presale has smashed $8.5M less than a day before the next major price increase. Traders’ hopes of a pump at the tail end of Ethereum Spot ETFs launching trading have ended in disappointment with a -33% correction across the crypto market due to Jump Capital dumping assets into a low volatility weekend.
Despite the wider market downturn, meme coin markets are holding fairly strong, with retail investors remaining bullish about potential market growth once the FUD clears. Pepe coin sentiment remains largely bullish on the long term as holders target market caps up to $50Bn. Pepe coin is currently trading at $0.00000802 and is in a strong position with solid underfoot for another attempt at the upside. Bulls are targeting a close above $0.00001 this week, which could set PEPE’s price on course for a solid weekend with possible upside of the Bollinger band range around $0.00001.
Pepe Unchained (PEPU) is rapidly emerging as one of the most anticipated meme coin DEX launches of Summer 2024. The project aims to supercharge the underdeveloped Pepe ecosystem by breaking Pepe Coin free from the ERC-20 network and creating a native layer-2 scaling chain called PEPU. This high-speed blockchain will enable low-cost meme coin deployment and deliver a true home for the frog coin vertical. The PEPU presale has raised $8.5M, signaling significant interest in the project.
The enthusiastic response to Pepe Unchained highlights the growing interest in meme coins and the potential for significant growth in the frog coin vertical. Retail investors seeking high rewards are paying attention to Pepe coin’s strong positioning and the promising developments within the meme coin market. The bullish sentiment surrounding Pepe coin and the upcoming launch of PEPU indicate a positive outlook for the frog coin ecosystem and meme coin market as a whole.
Investors should be aware that cryptocurrency is a high-risk asset class, and the information provided in the article is for informational purposes only and does not constitute investment advice. It is important to exercise caution and do thorough research before investing in any cryptocurrency project. The success of Pepe Unchained and the bullish sentiment surrounding Pepe coin demonstrate the potential for growth and innovation within the meme coin market, but it is essential to approach such investments with care.
