Liquidity is shifting from established meme coins like Pepe and Dogecoin to a new utility-focused token called Pepe Unchained ($PEPU). This token has successfully raised nearly $24 million during its presale phase, demonstrating strong investor interest.
The funds raised are earmarked for the development of an Ethereum layer 2 blockchain, showcasing the project's ambitious technical aspirations.
Interestingly, the amount raised by Pepe Unchained surpasses that of Ethereum’s 2014 initial coin offering (ICO), reflecting significant confidence in its potential.
Experts in the field are optimistic, predicting a potential 10x rally, indicating substantial growth prospects for investors in the short to medium term.