Pepe Unchained ICO Raises $15M with Developer Grants Amid Growing Whale Activity

Pepe Unchained ICO Raises $15M

The Pepe Unchained (PEPU) ICO has made headlines by raising $15 million, marking one of the largest crypto presales of the year. Recently, it has initiated its 'Frens With Benefits' grant program aimed at incentivizing developers to build on its new layer 2 blockchain. This initiative is generating considerable interest, highlighted by significant whale activity where purchases of $56,000 and $26,000 in PEPU tokens occurred shortly after one another. Retail investors' support has also been pivotal in achieving this fundraising milestone.

PEPU's Unique Solutions for Ethereum Challenges

PEPU aims to *bridge the gaps* faced by meme coins on the Ethereum network, notably slow transaction speeds (averaging 12-15 transactions per second) and high gas fees. PEPU offers speeds up to 100x faster and significantly lower gas costs while including a specialized block explorer. This combination enhances the development experience for meme coins as well as trading opportunities.

'Frens With Benefits' Grant Program

• Developers can apply for grants set to open in Q4 2024.
• Grants will fund projects to be implemented on PEPU.
• The Pepe council will select deserving projects.

Community Engagement and Exchange Listing Buzz

Despite being in its presale phase, PEPU has amassed a community of over 17,700 followers on X (Twitter) and over 7,700 members on Telegram. These numbers rival well-established cryptocurrencies. Following the announcement of its developer grants, PEPU hinted at possible interest from numerous tier-1 exchanges for future listings.

Potential Exchange Listings

Exchange listings are essential for fostering interest and increasing liquidity for new tokens. The prospect of being listed on major exchanges like Binance could drastically enhance PEPU's visibility in the market.

Market Reception and Future Outlook

PEPU's presale success, which is growing at an impressive rate of $1 million per week, has attracted attention from industry analysts and influencers. Riveting discussions around whale activity indicate strong belief in the token's potential. Furthermore, security audits by SolidProof and Coinsult have confirmed the project's integrity, ensuring investor confidence.

In conclusion, the Pepe Unchained ICO sets a strong foundation for future growth with substantial community engagement, promising development grants, and significant market potential.