Pepe Price Soars as Meme Coins Gain Ground

Monday's devastating losses did not deter meme coin degens - they're straight back to business. It's green across the board for the most valuable meme coins.

Meme coins are seeing a strong recovery from yesterday's losses, with several coins posting double-digit gains. Pepe, the frog-themed joke token, is leading the pack with a 23% increase in the last 24 hours. Meanwhile, the new presale token Pepe Unchained is also seeing a demand surge as its total raise exceeds $7.4 million.

Pepe Price Soars as Meme Coins Gain Ground

Despite suffering heavy losses on Monday, traders are wasting no time in getting back into the market as several meme coins are posting impressive gains.

The top 100 cryptocurrencies are mostly in the green today, with a few exceptions. However, meme coins are outperforming the rest of the market once again.

According to CoinMarketCap, Pepe is the 25th largest cryptocurrency by market capitalization. It’s also posting one of the biggest gains among the top 100, up 23% on the day.

This recent pump follows a massive drop that saw Pepe fall from all-time highs of $0.000017. At the lows of $0.000005977, those who bought are already up almost 30%.

Pepe’s price now remains down 34% for the week, 15% for the month, and 54% from the all-time highs.

Pepe Price Chart by TradingView

From a technical perspective, one trader observed that Pepe is forming a descending channel on the price chart. Interestingly, it appears to have found support at the lower trendline.

Now, the trader speculates that the trend will continue to lows of $0.000003. However, he speculates that the trend will reverse from there, leading to highs of $0.000025.

$PEPE will reverse from here ?✍️ pic.twitter.com/7sAzUOq8I5

With the broader market rebounding and meme coins leading the way, it could prove to be a lucrative time to buy meme coins. Those who bought the lows of $0.000005977 are already up almost 30%.

And with its price down significantly from its May ATH, there’s room for much more gains.

Pepe Unchained Has Its Blockchain – Next 100X Presale?

Imagine the virality of Pepe combined with the utility of layer 2.

Not only do you get the light-hearted, community-led, enigmatic spirit of meme coins, but you also get fast and low-cost transactions while tapping into the Ethereum ecosystem.

That’s what Pepe Unchained is creating.

Having raised over $7.4 million, this project has unwavering support.

And it’s helped in no small part by its sophisticated features.

Pepe Unchained already has staking, which currently provides over a 250% APY. Moreover, it will launch a blockchain explorer and a dedicated Ethereum bridge.

And with the presale ongoing, investors can buy in on the ground floor.

This could give massive gains.

ClayBro argues it could be a “top meme coin.”

To get there, its price must increase by orders of magnitude.

“Pepe Unchained is a meme coin with a layer 2, which is why I think it can do so well when retail returns,” he said.

And here’s the exciting part.

Investors can buy in at a discounted price. Today, the presale is available at $0.0089105, but this will rise in one day. As such, they must act fast to avoid missing out.

Visit Pepe Unchained Presale

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