The original Pepe (codenamed: $PEPE) ranks as the third-largest memecoin in the cryptocurrency space, with a market cap nearing $5 billion. Pepe’s avatar predates Bitcoin’s 2009 inception by approximately four years, bringing cryptocurrency to the world. Originally a character in Max Furie’s webcomic “Boy’s Club,” he became famous for his catchphrase “feels good, man.”

This anthropomorphic frog later became a meme icon, even appearing in the 2019-2020 Hong Kong protests. Since the launch of $PEPE, other tokens inspired by Furie’s comic have emerged but none have achieved similar success.

However, capitalization around “Boy’s Club” has attracted billions of dollars. Recently launched Brett Coin ($BRETT) boasts a market cap of $1.5 billion, while $PEPE’s imitator $PEPECOIN approaches a market cap of $500 million today.

Clearly, the appeal of these viral coins lies in their explosive growth potential. Investing in memecoin – $PEPE a year ago would have yielded a 1100% return. Holders of $BRETT, bought 30 days ago, have seen gains of almost 200%. Meanwhile, steadfast $PEPECOIN holders have seen an astounding 8861% increase from last year.

So, what sets $PEPU apart from these three “Boy’s Club” stars? Firstly, you don’t even need to “HODL” to enjoy its hot returns, thanks to the proprietary Pepe Unchained Ethereum Layer 2, currently offering holders over 20,000% annualized mining rewards.


First Memecoin Created on its Own Ethereum L2 Network

$PEPU draws inspiration from the original Layer 1 (L1) $PEPE meme coin and is the first memecoin to develop its own proprietary Ethereum L2 blockchain. It unleashes the frog meme from the constraints of its L1.

Pepe was once a prisoner, locked away in his old clunky Layer ONE server room… until he conceived a super-smart plan… First, he broke his chains… then built his own: Pepe Unchained. It’s an advanced Layer 2 solution granting him freedom… and rewarding his countless fans with endless marvelous returns…Pepe Unchained

Many advantages of the L2 network

Faster Speed: L2 processes transactions faster than L1, allowing “lightning-fast” participation in $PEPU staking, trading, and interactions.

Increased Capacity: The network’s capacity is 100 times faster than ETH, enhancing overall user experience.

Lower Costs: With fewer transaction bottlenecks on Ethereum, Gas fees are lower on L2.
Greater Investment Opportunities: Funds can be used for investments rather than paying transaction fees.

Developing on Ethereum’s L2 network is a strategic move. Ethereum locks in 72.82% of TVL in the blockchain ecosystem, with locked funds totaling $1216.6 billion and a market cap of $4274.7 billion.

However, Ethereum processes only about 15 transactions per second. Slow network speeds and limited capacity may result in high transaction fees and network congestion.

L2 protocols (like Polygon ($MATIC) and Arbitrum ($ARB)) solve these issues by independently processing transactions on sidechains and then adding them to the L1 blockchain ledger.

With supported L2 protocol tokens accumulating to $22 billion, $PEPU is positioned at the forefront of success.

$PEPU’s Memecoin Appeal Claims

$PEPU, as the first meme coin utilizing Ethereum L2 technology, offers compelling value propositions for holders compared to other meme tokens.

By using Portal and Wormhole technologies, the $PEPU ecosystem provides multi-chain interoperability, unified governance, and enhanced liquidity, meaning strong interoperability, high decision-making efficiency, and price stability.

Additionally, by being audited by Solid Proof, it ensures openness and transparency, establishing trust among holders.

Unsurprisingly, the project has already raised over $230,000. Each $PEPU token currently trades at $0.008, with prices expected to rise within less than three days.

$PEPU’s token economics are another appealing element, emphasizing early investor returns and supporting long-term growth by allocating 30% to staking and 10% to project finances.

Investors have already staked 9,676,603 $PEPU tokens during the presale, not surprising given current staking rewards reaching an incredible 15,766% annualized return.

$PEPU is able to offer double staking rewards by shifting transaction fees to its L2 network, helping to increase staked quantities.

Summary

Despite a downturn in the crypto market, the successful initial presale of Pepe Unchained underscores growing interest in practical memecoin.

$PEPU holds a significant advantage by being the first to launch a meme coin based on the Ethereum L2 blockchain, a feat not achieved by the original $PEPE, which now boasts a market cap exceeding $4.8 billion.

However, whether L2 meme coins can achieve returns of 100 times or 1000 times remains to be seen. Time will be the ultimate judge. In fact, current layer 2 solutions are essentially “soft forks” of the layer 1 mainnet, standing on the shoulders of giants to conduct Crypto-Native chain upgrades in a more flexible, autonomous manner, thereby giving Ethereum a second life.

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