Pepe experiences a significant price surge amid Ethereum ETF developments, with the new Pepe-themed token, Pepe Unchained, showing promising growth as its presale approaches $3 million.
Points
- Pepe price rises by 13% amid Ethereum ETF developments.
- Pepe Unchained gathers momentum with its presale nearing $3 million.
- Analysts predict further bullish movements for both Pepe and Pepe Unchained.
The crypto market has regained bullish momentum today, and Pepe is among the leading meme coins to see a recovery, with its price up 13% earlier. Meanwhile, the new Pepe-themed token Pepe Unchained is also gathering pace as its presale nears the $3 million milestone.
Pepe Price Rises Amid Ethereum ETF Development
Advancements around Ethereum ETFs have triggered Pepe and the wider crypto market’s growth today. Due to its scale and proximity to the Ethereum network, Pepe’s price often mimics ETH’s, except with greater volatility. ETH received a boost today as all spot ETF applicants filed updated S-1s.
The applicants are VanEck, Grayscale, Fidelity, BlackRock, 21Shares, Franklin Templeton, and Bitwise. The Securities and Exchange Commission （SEC） approved the applicants’ ETH ETF 19b-4 filings in May, but they also need to greenlight their S-1s before the ETFs can launch. As such, today’s filings reflect the progression in the journey to ETH ETF launches, and the market has reacted with considerable bullishness.
Earlier today, the total crypto market cap was up 3.7%, while Pepe pumped 13%. While those figures have pulled back slightly since earlier, both are still in the green. Pepe currently trades at $0.000009366 but remains down 18% this week and 22% this month.
Pepe Forms Double Bottom
Prior to that, Pepe plummeted by more than 18% between Saturday and Monday. Overall, from Monday to Friday, this prominent cryptocurrency asset went down by 36.44% as the Pepe price followed the massive Bitcoin decline, which happened during exactly the same period of time last week.
Could Pepe Unchained Be the Next Big Hit?
As the lore of Pepe spreads, so does the number of tokens paying homage. These tokens are referred to as the “Pepe bloodline,” and many, like Brett and Book of Meme, have achieved significant success.
Could Pepe Unchained Be the Next Big Hit?
As the lore of Pepe spreads, so does the number of tokens paying homage. These tokens are referred to as the “Pepe bloodline,” and many, like Brett and Book of Meme, have achieved significant success.
Pepe Unchained fills a similar role to Arbitrum, Polygon, and Optimism – processing transactions faster and cheaper than on the Ethereum mainnet. The big difference is that it’s dedicated to meme coins. It’s the first time the $40 billion sector will have a home within the Ethereum ecosystem.
Pepe Unchained also has a staking mechanism with a 660% APY and is building an Ethereum bridge and a block explorer. Having drawn $2.8 million in presale investments, prominent industry traders are paying close attention to $PEPU.
ClayBro highlighted its compelling use case and believes that improving market conditions could mark a perfect time to buy the presale. “Things are bouncing back up, which could be an excellent time to buy,” he said.
However, potential buyers are against the clock. The current Pepe Unchained price is $0.0083258, but this will rise as the campaign advances. According to its website, the next increase will occur in one day.
解説
- Pepe’s Market Influence: The rise in Pepe’s price highlights its strong influence and correlation with Ethereum’s market developments. The anticipation of Ethereum ETFs has positively impacted Pepe and similar tokens.
- Pepe Unchained’s Potential: As a new entrant, Pepe Unchained is capitalizing on the meme coin trend and the capabilities of the Ethereum network. Its features like high APY staking and upcoming tools position it well for future growth.
- Market Timing: Analysts emphasize the importance of market timing, with current conditions appearing favorable for investing in presales like Pepe Unchained.
- Strategic Growth: The strategic use of Ethereum’s infrastructure and the dedicated focus on meme coins give Pepe Unchained a unique position in the market, attracting significant investor interest.