Pepe (PEPE) is on the move today, with a big price surge following reports that ex-Binance CEO Changpeng Zhao is getting out of prison sooner than expected.
This news has everyone wondering if Pepe Unchained (PEPU), a new Layer-2 meme coin, could be next to soar.
PEPE Price Surges – How High Can This Meme Coin Go?
PEPE is making some big moves right now.
It’s up 17% in the past 24 hours, hitting $0.0000104 – the highest price in almost two months.
That’s also a 31% gain since Monday.
Earlier today, PEPE closed above the $0.000010 level on the 4-hour chart, and the bulls are hyped about it.
They’re now waiting to see if PEPE can close above this level on the daily time frame.
Spot volumes have also jumped 41% to $1.2 billion, making PEPE the third most traded meme coin at the moment.
Even open interest is climbing – up 29% to $163 million.
That shows there’s a lot of speculative buying happening right now.
With everyone excited about PEPE, the real question is: How far can this frog coin go?
CZ’s Early Release & Bullish Q4 Forecast Fuels PEPE’s Rally
One reason PEPE might be rising right now is the news that Changpeng Zhao (CZ) will be released from prison two days earlier than expected.
He’s set for release today, September 27th, and traders see this as a positive sign.
We’re already seeing the impact – with Binance Coin (BNB) topping $600 for the first time since mid-July.
But the bullishness isn’t just because of CZ’s release.
Markus Thielen, head of research at 10x Research, thinks we’re in for a strong rally in the fourth quarter of 2024, especially with Bitcoin (BTC) back above $65,000.
He mentioned that the chances of a Q4 rally are “exceptionally high.”
Thielen believes Bitcoin’s breakout might lead to some FOMO in the altcoin market, leading to bullishness across the entire space.
To top it all off, the Crypto Fear & Greed Index is now in “Greed” territory.
It’s sitting at a value of 61 – its highest since July 31st.
And with the potential for two more rate cuts before the end of the year, meme coins like PEPE could be in for an exciting end to 2024.
New Layer-2 Meme Coin Pepe Unchained Raises $15.6M & Gears Up for Explosive Launch
With all the excitement, one new project that’s looking to benefit is Pepe Unchained.
Pepe Unchained has racked up $15.6 million in its presale phase, with PEPU tokens going for $0.00986 each right now.
Investors can jump in using ETH, USDT, BNB, or even a credit card.
However, the price will rise in just one day when the next presale stage starts.
What sets Pepe Unchained apart from its peers is its Layer-2 blockchain, which is in development.
This chain promises faster and cheaper trades than Ethereum.
It will also have a custom DEX, a block explorer, and instant bridging capabilities back to Ethereum.
If that wasn’t enough, Pepe Unchained’s ecosystem even has a “double staking” app for PEPU holders.
This app currently offers annual yields of 136%.
Over 1.1 billion PEPU tokens have already been staked – before the official launch has even taken place.
With all this hype, Pepe Unchained seems primed for success.
The project now has a thriving community on Twitter and Telegram, with meme coin enthusiasts discussing whether PEPU’s price could explode this year.
Pepe Unchained’s team has also had the token audited by SolidProof and Coinsult.
These audits found no issues with the token’s code, giving investors more confidence.
So, as PEPU nears its first DEX listing, all eyes are on whether it lives up to the hype.
It’s a coin many are watching as we enter the final three months of 2024.
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