Dogecoin and Pepe Unchained surge on whale activity and new development grant.
Few tokens have been able to generate as much excitement as Dogecoin and Pepe Unchained (PEPU). Both are making significant waves in the market, driven by bullish whale activity and innovative technological developments.
Over the last 48 hours, Dogecoin has surged over 1,757%, fueled by large-scale whale-driven purchases, while Pepe Unchained hit the $14 million milestone in its presale, driven by its new development grant announcement.
These two forces in the meme coin universe are capturing the attention of traders and investors, as they set the stage for what could be a transformative Q4 in the cryptocurrency market.
Dogecoin Surges 1,757% Amid Whale Activity
Dogecoin, the original meme coin, experienced an explosive rally over the last day, surging by an incredible 1,757% as major investors poured into the market.
According to on-chain data from IntoTheBlock, large holders of Dogecoin, often referred to as “whales”, have dramatically increased their activity. In just 24 hours, the netflow of DOGE into whale wallets skyrocketed from 7.4 million to 123.03 million DOGE.
This sharp increase in whale activity has led analysts to believe that Dogecoin could be gearing up for a much larger run, as the market shows signs of bullish sentiment.
Historically, whale accumulations at price lows have often signaled upcoming price surges and the current behaviour of major DOGE holders aligns with this trend. Along with the bullish on-chain data, Dogecoin is also on the verge of achieving its first golden cross in over four years.
This technical pattern, where the short-term moving average crosses above the long-term moving average, is a widely regarded signal of sustained upward momentum. The last time Dogecoin achieved a golden cross was in January 2021, during its legendary run where it gained 8,000% in value, reaching an all-time high of $0.76.
Dogecoin’s latest rally is not just about whale activity; it speaks to the broader market’s renewed interest in meme coins. As the market anticipates further gains, traders and investors are keeping a close eye on Dogecoin’s next moves, particularly as we approach the potential for a new bull run in October.
Pepe Unchained Crushes $14M Milestone and Introduces New Development Grant
While Dogecoin continues to rally, Pepe Unchained (PEPU) is rapidly making a name for itself in the meme coin world. Pepe Unchained has now surpassed the $14 million mark, just as the project unveiled a game-changing development grant through its “Pepe Frens With Benefits” feature.
This announcement is part of Pepe Unchained’s broader strategy to expand its ecosystem by encouraging community-driven development on its custom Layer-2 blockchain, Pepe Chain.
The development grant, set to open for applications in Q4 2024, will incentivise developers to build decentralised applications (dApps) on Pepe Chain, which is designed to solve the scalability issues that have plagued Ethereum for years.
The combination of fast transactions, low fees and compatibility with Ethereum has caught the attention of crypto analysts and traders, many of whom believe that Pepe Unchained is poised to become a major player in the meme coin sector.
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Its robust Layer-2 infrastructure offers an alternative to Ethereum’s often slow and costly transactions, giving users and developers a more efficient platform for launching new meme coins.
Pepe Unchained’s presale success has been driven by several factors. In addition to the appeal of its Layer-2 blockchain, the project has introduced a double staking protocol that has quickly gained traction among investors.
When first launched, the staking annual percentage yield (APY) was a staggering 16,000%, attracting a flood of interest from traders. Though the APY has since settled at a more sustainable 148%, the staking protocol remains a key feature of the project, with over 145 million PEPU tokens already staked before the official launch.
What makes Pepe Unchained stand out is its focus on creating a full-fledged ecosystem. The team has set aside 30% of the total token supply for staking rewards, ensuring that early investors are incentivised to hold and stake their tokens.
Additionally, 20% of the supply has been allocated to marketing efforts, which is helping to generate ongoing hype around the project. With more than 10,000 followers on Twitter and significant interest from YouTubers like Jacob Bury, who is predicting that PEPU could see 100x gains once it lists on decentralised exchanges, the momentum behind Pepe Unchained shows no signs of slowing.
Pepe Unchained’s Ambitious Roadmap and Market Positioning
One of the most exciting aspects of Pepe Unchained is its ambition to become the go-to platform for launching new meme coins. With the scalability advantages offered by Pepe Chain, the project aims to capture a significant share of the meme coin market, potentially rivalling major tokens like Dogecoin (DOGE) and Shiba Inu (SHIB).
The project is already making strides in this direction, with plans to launch its token on decentralised exchanges once the presale wraps up, although specific dates and platforms have yet to be announced.
Pepe Unchained’s roadmap includes not just the development grant but also further platform expansions, partnerships, and listings on additional exchanges. The “Pepe Frens With Benefits” program is expected to play a crucial role in attracting talented developers to build on Pepe Chain, fostering a community-driven ecosystem that could help the project grow exponentially in the coming months.
The development grant represents a golden opportunity for builders looking to make a mark in the blockchain space, and it positions Pepe Unchained as more than just a meme coin—it’s an ecosystem in the making.
Can Pepe Unchained Steal Dogecoin’s Thunder?
As Dogecoin rallies on whale-driven momentum and the approach of its first golden cross in years, many are wondering whether Pepe Unchained could ultimately rival or even surpass Dogecoin’s dominance in the meme coin sector.
While Dogecoin enjoys the benefit of being the original meme coin, Pepe Unchained offers a much more advanced technological infrastructure, with its Layer-2 blockchain designed specifically to address Ethereum’s weaknesses.
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Furthermore, Pepe Unchained’s innovative staking protocols, coupled with the development grant aimed at fostering community-led projects, give it a unique edge over Dogecoin, which primarily relies on its brand and community for growth.
If Pepe Unchained can continue to build on its early success, especially with the upcoming grant program and Layer-2 innovations, it could very well become the next big thing in the meme coin space.
