TrumpCoin Crashes Amid Market Downturn, While Pepe Unchained Emerges as a Potential 100x Crypto With Layer-2 Blockchain

As the summer season heats up, so does the volatility and excitement within the cryptocurrency market, particularly in the meme coin sector.

Amidst a broader market downturn that saw major cryptocurrencies like Bitcoin and Ethereum plunge by 10% and 18%, respectively, a meme coin named TrumpCoin (DJT) experienced a drastic decline of over 95% in value over a three-day period.

As crypto markets experienced a downturn last week, meme coins also faced a setback with虧損 in value. While some meme coins, like Dogecoin and Shiba Inu, saw a decline of over 30% in their value, a new token named Pepe Unchained has captured the attention of investors and influencers in the crypto space.

TrumpCoin Crashes by 95% in Market Downturn

Launched in June with claims of being endorsed by former US President Donald Trump, TrumpCoin experienced a dramatic decline in value last week. On August 6, the coin's price plummeted from $0.00555 to a mere $0.000229, a staggering decrease of over 95%. The price briefly recovered to $0.000430, but the overall trend remained a steep decline.

This crash coincided with a broader market downturn that saw the crypto market shed at least $500 billion in value over three days. Major cryptocurrencies like Bitcoin and Ethereum also suffered significant losses, with declines of 10% and 18%, respectively.

The sell-off was also seen in traditional equities markets, where indices like the S&P 500 fell by 4.4%, driven by disappointing employment data and underwhelming earnings from tech giants.

Controversy Surrounding TrumpCoin's Authenticity

Despite claims from "Pharma Bro" Martin Shkreli that the token was an official project endorsed by Trump and his son, Barron Trump, these assertions were refuted. Roger Stone, a close aide to Trump, denied any involvement by the former president or his family in the project.

However, speculation persisted, with crypto betting platforms reporting over $6.3 million wagered on whether the token was genuinely linked to Trump. Despite the denials, the token's status as a meme coin and the attention it garnered from being linked to Trump's name contributed to its popularity among crypto enthusiasts.

Pepe Unchained Emerges as a Potential 100x Crypto with Layer-2 Blockchain

In stark contrast to TrumpCoin's decline, Pepe Unchained has emerged as a promising new player in the meme coin market. As the broader market sentiment towards meme coins becomes bearish, with well-known tokens like Dogecoin and Shiba Inu losing over 30% of their value, Pepe Unchained is capturing the attention of investors and influencers alike.

Pepe Unchained is more than just a typical meme coin. Its developers are building a Layer-2 blockchain on Ethereum, aimed at dramatically improving transaction speeds and reducing costs. This infrastructure will enable transactions to be completed in milliseconds at a fraction of the usual cost associated with Ethereum, making the network 100 times faster according to the project's whitepaper.

Moreover, staking PEPU tokens promises an attractive annual yield of 254%, a significant draw for investors looking for substantial returns. This combination of fast transactions, low fees and high staking rewards has led to a surge in interest.

Pepe Unchained's Telegram channel now boasts over 4,600 members and its presale has attracted zainteresowanie, with over $7.6 million raised in funding.

A Thriving Presale Despite Bearish Meme Coin Trend

Despite the bearish trend in the meme coin sector, Pepe Unchained's presale has continued to grow, attracting significant investment and attention. Investors can currently purchase PEPU tokens for $0.0089461 each, with prices set to rise as the presale progresses.

The project has made it easy for investors to participate by accepting a variety of currencies including ETH, BNB, USDT and even credit cards. The presale's success is largely attributed to the project's innovative approach and potential for real-world utility, factors that distinguish it from many other meme coins that rely solely on hype.

After the presale concludes, PEPU is set to be listed on a decentralised exchange (DEX), coinciding with the launch of the Pepe Unchained Layer-2 network.

Support and Market Buzz from YouTubers and Influencers

The buzz around Pepe Unchained has been amplified by endorsements from notable figures in the crypto community. YouTubers such as Oscar Ramos and Crypto Gains have praised the project, highlighting its innovative technology and potential impact on the market.

Austin Hilton, another respected crypto YouTuber, described the PEPU presale as "huge" on Twitter, further driving interest and credibility in the project.

The project's alignment with the popular Pepe the Frog meme, a strategy that has proven successful for other tokens, adds to its appeal. Recent examples, like the 80% rise in value experienced by Book of Meme (B

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