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Gary McFarlane
Author
Gary McFarlane
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While Vitalik Buterin may be stepping away from the Layer 2 investment landscape, the sector is far from cooling down as new Ethereum Layer 2 project, Pepe Unchained ($PEPU), has recently surpassed the $12.5 million mark in its ongoing presale.
In just over three months, Pepe Unchained has quickly established itself as a solution to the current kinks in Pepe ownership and is emerging as a formidable contender in the future meme coin landscape.
More importantly, its Layer 2 solution is shaping up to be a potential meme coin launchpad that could outpace competitors such as Solana’s Pump.fun and Tron’s SunPump.
The influx of capital to the project continues unabated, with investors and market observers eagerly anticipating its upcoming release.
This excitement takes on added significance as the release might align with the slumbering bulls of the broader market, poised to reawaken in Q4.
The investor fervor surrounding Pepe Unchained, bolstered by substantial support from major investors, has driven the price of $PEPU up since its presale debut.
Currently, $PEPU is priced at $0.0096126 but is expected to rise to $0.009651 in less than two days as it possibly nears the end of its presale.
Prospective investors should act swiftly while $PEPU remains available at a discount.
Once the presale concludes, acquiring $PEPU at its current rate may become increasingly challenging, if not impossible.
Vitalik Buterin prefers supporting things that are “valuable” through donations
Vitalik Buterin has recently indicated that he won’t be investing in any Layer 2 projects for the time being, a statement he made shortly after moving 1.28 million Starknet ($STRK) tokens – at the time worth around $470,000 – into his wallet.
It is anticipated that these withdrawn tokens will be directed towards “supporting public goods within the Ethereum ecosystem or broader charitable causes,” as Buterin revealed in a recent statement.
He has emphasized his intent to channel resources into projects he believes the ecosystem may be undervaluing strictly through donations rather than investments.
While Buterin’s motivations extend beyond mere financial gain, regular investors should heed a critical warning: overlooking the burgeoning Layer 2 scene could be a monumental misstep.
As of 2024, the total value locked (TVL) in Layer 2 solutions stands at $33.29 billion, with Ethereum’s leading L2s alone commanding a market cap of $17.1 billion.
This valuation represents merely the tip of the iceberg; VanEck projects that the L2 market could burgeon into a trillion-dollar industry within the next five years.
For those eager to stay ahead, now is the time to capitalize on the burgeoning Layer 2 space, as it presents a critical opportunity for substantial gains in the coming years.
L2BEAT – The state of the layer two ecosystem
At this early stage, Pepe Unchained is likely still undervalued by the market. When compared to its predecessor, Pepe ($PEPE), the funds raised by Pepe Unchained are still a fraction of $PEPE’s market value.
However, it’s not just the numbers that make Pepe Unchained undervalued; it’s also the unique value it brings to the industry that the entire Ethereum ecosystem has not caught up with yet.
Could Buterin consider an exception to his rule about not investing in Layer 2 projects once he fully grasps the intangibles that Pepe Unchained brings?
Pepe Unchained: Supporting something that’s truly valuable
Meme coins are here to stay. They offer a refreshing departure from crypto’s often overly complex world.
They bring a touch of levity to an otherwise serious space, much like how memes in internet culture provide a humorous break from the constant stream of news and important updates.
In the crypto realm, icons like $PEPE and Dogecoin ($DOGE) have become symbols of this lighthearted fun, contrasting the industry’s more esoteric aspects.
Yet, for these meme coins, especially ones like $PEPE, being tethered to Ethereum presents challenges. The high gas fees and scalability issues detract from the fun of owning these tokens.
Layer 2 solutions have become increasingly valuable precisely because they address these scaling limitations that Ethereum can’t solve on its own, even after sharding is introduced on the Ethereum 2.0 upgrade roadmap.
Enter Pepe Unchained’s Layer 2, which promises to transform the meme coin ownership experience by offering significantly faster transactions and lower fees – starting with $PEPU.
It will feature its own block explorer, a custom-built decentralized exchange (DEX), and seamless chain bridging.
Once it launches, it could be the chain to support a Pepe-flavored $DOGE, Shiba Inu ($SHIB), Floki ($FLOKI) and other meme coins.
Indeed, if Vitalik Buterin is backing something valuable, then what could be more valuable than highlighting the fun and playful side of crypto through meme coins?
Pepe Unchained is set to be the top launchpad for the tokens that infuse the industry with humor and vibrancy – all while ensuring cost-efficient and speedier transactions.
So, if you are not part of this exciting future for meme coins, join the presale now while $PEPU is priced at a discount. Head over to Pepe Unchained’s official website. Connect your wallet and purchase $PEPU using ETH, USDT, or BNB. Credit card payments are also accepted.
Pepe Unchained’s smart contract has passed a full audit by Coinsult and SolidProof, with zero critical issues identified in its code.
Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.
