Pepe Unchained (PEPU) ICO, one of the year’s largest crypto presales, has introduced the “Frens With Benefits” grant program to reward developers working on its layer 2 blockchain. This announcement caused a significant increase in whale activity, with a $26,000 purchase made following another whale’s $56,000 purchase of PEPU on Wednesday. Retail investors have also shown support, resulting in the ICO raising $15 million thus far.
The purpose of the grant program, which will be open for applications in Q4 of 2024, is to launch the token into an already established ecosystem and stress-test PEPU’s infrastructure.
PEPU aims to address the issues faced by ETH meme coins by unchaining its predecessor, PEPE, from these problems. Ethereum suffers from slow transactions (12-15 per second) and high gas fees that can eat into traders’ and investors’ profits. In contrast, PEPU offers 100x faster speeds at a fraction of the gas fees, along with a dedicated block explorer. This makes meme coin development more accessible and provides a more enjoyable and profitable experience for traders and investors.
The Pepe Frens With Benefits program will be the first to roll out tokens and dApps on the PEPU layer 2 blockchain. Developers can apply for a grant by building and submitting a project, and the Pepe council will vote on the selection of recipients. The goal is to equip developers with comprehensive guides and financial support to create outstanding dApps.
PEPU’s ability to support dApps and other meme tokens on its blockchain sets it apart from PEPE and allows it to benefit from the success of other projects, potentially surpassing PEPE’s achievements.
The success of its presale and the growth of its community have sparked rumors of a Binance listing for PEPU. With over 17,700 Twitter followers and over 7,700 members on Telegram, PEPU’s community is comparable to well-established tokens like Gigachad (GIGA), despite the latter having a market cap of over $200 million but fewer followers. While PEPU has been approached by tier-1 exchanges for listing opportunities, it is currently focused on planning a successful launch before pursuing any listings.
Exchange listings can significantly impact the value of a meme coin, as they attract attention and exposure to retail investors. NEIRO and TURBO experienced a significant price spike after their Binance listing. Considering Binance is the world’s largest crypto exchange, it is likely that it is one of the tier-1 exchanges interested in PEPU. However, PEPU is waiting for the right market conditions to launch and is currently available at a low price of $0.00981 per token during the presale.
PEPU’s success has garnered attention from experts, with its current $15 million raised making it one of the most successful ICOs of the year. Analysts, including YouTuber ClayBro with over 130,000 subscribers, see the increased whale activity as a positive sign for the token’s future. ClayBro also believes that the next market bull run will drive massive growth.
PEPU has built an engaged community through regular updates and the introduction of the Pepe Frens With Benefits grants. The presale is easily accessible, with no minimum investment, and PEPU can be purchased with ETH, BNB, USDT, or fiat through a credit/debit card. The project has undergone two security audits by SolidProof and Coinsult, with no critical issues found.
To stay updated on PEPU’s latest developments, follow their Twitter page and join the Telegram channel.
