Crash

Pepe

<p>The post <a href="https://coinpedia.org/press-release/pepe-unchained-presale-hits-7-5m-as-crypto-recovers-from-brutal-crash/" rel="noopener noreferrer nofollow">Pepe Unchained Presale Hits $7.5M as Crypto Recovers From Brutal Crash</a> appeared first on <a href="https://coinpedia.org" rel="noopener noreferrer nofollow">Coinpedia Fintech News</a></p>
<p>It has been a week of losses for most traders, but quick-footed degens want to make it all back with <a href="https://coinpedia.care/b_pepeunchained-en_98081?referrer=pepe-unchained-presale-hits-$75m-as-crypto-recovers-brutal-crash" target="_blank" rel="noopener noreferrer nofollow">Pepe Unchained ($PEPU)</a>.</p>
<p>This new meme coin has successfully raised $7.5 million in presale funding, signalling investors are highly bullish on its potential after launching on exchanges.</p>
<p>As fears of a global recession swept the financial markets, Pepe Unchained kept raising funds – and now the future looks bright as prices recover.</p>
<h2 class="wp-block-heading" id="h-bitcoin-eyes-60k-as-japan-sees-biggest-growth-day-since-2008-pepu-set-to-skyrocket">Bitcoin eyes $60K as Japan sees biggest growth day since 2008, $PEPU set to skyrocket</h2>
<p>After a devastating flash crash across financial markets on Monday, bulls are reentering and recouping their losses.</p>
<p>Indeed, that’s a good signal for risk-on assets across the board. Should the bull market resume, low-caps like Pepe Unchained could explode.</p>
<p>But let’s go back to Monday.</p>
<p>Japan had just hiked interest rates for only the second time since 2007, putting an end to the so-called “carry trade,” in which traders would borrow low-interest funds in Japan, convert them to a different currency, and then invest them for a higher yield.</p>
<p>The preceding carry-trade unwinding caused upheaval across the globe.</p>
<p>Stock markets in Japan, Taiwan, the United States, and many European markets booked unprecedented losses.</p>
<p>In the U.S. alone, $2.9 trillion was wiped out on Monday.</p>
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
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  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr"><img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f6a8.png" alt="🚨" class="wp-smiley" style="height: 1em; max-height: 1em;"> Global recession concerns wipe out $2.9 trillion from stocks, marking the worst day since the 2020 COVID crash.<br><br>Meanwhile, the <a href="https://twitter.com/Nasdaq?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">@Nasdaq</a> 100 is down over 10% from its peak. <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f4c9.png" alt="📉" class="wp-smiley" style="height: 1em; max-height: 1em;"> <a href="https://t.co/4XCmMwxnJZ" rel="noopener noreferrer nofollow">pic.twitter.com/4XCmMwxnJZ</a></p>— Cointelegraph (@Cointelegraph) <a href="https://twitter.com/Cointelegraph/status/1819428120723620348?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">August 2, 2024</a>
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<p>This was helped in no small part by U.S. labor market data showing a higher-than-expected 4.3% unemployment rate for July last week. This was a 20 basis point increase from June.</p>
<p>But here’s the good news: the Japanese government has U-turned.</p>
<p>Due to the stomach-turning dip, it decided to reverse the rate hike, therefore enabling the carry trade to carry on.</p>
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
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  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr">BREAKING: Japan just did a 180 and quickly folded on their rate hikes. JPY carry trade unwind is over for now. We're safe. <a href="https://t.co/ajt0UdSCF4" rel="noopener noreferrer nofollow">https://t.co/ajt0UdSCF4</a></p>— VirtualBacon <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f987.png" alt="🦇" class="wp-smiley" style="height: 1em; max-height: 1em;"> <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f50a.png" alt="🔊" class="wp-smiley" style="height: 1em; max-height: 1em;"> (@VirtualBacon0x) <a href="https://twitter.com/VirtualBacon0x/status/1821005505780662768?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">August 7, 2024</a>
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<p>The market reacted with a sign of relief. Japan’s Nikkei index has enjoyed its biggest single-day growth since 2008, and other markets have followed suit.&nbsp;</p>
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   <p lang="en" dir="ltr">NEW: <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f1ef-1f1f5.png" alt="🇯🇵" class="wp-smiley" style="height: 1em; max-height: 1em;"> Japan's Nikkei stock index recorded the biggest single-day surge since October 2008 (3,122 points) – Bloomberg <a href="https://t.co/slgoOSzVsx" rel="noopener noreferrer nofollow">pic.twitter.com/slgoOSzVsx</a></p>— Radar <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f6a8.png" alt="🚨" class="wp-smiley" style="height: 1em; max-height: 1em;"> (@RadarHits) <a href="https://twitter.com/RadarHits/status/1820833117638152336?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">August 6, 2024</a>
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<p>Among them is, of course, the cryptocurrency market, with Bitcoin now trading above $57K.</p>
<p>That’s over 14% from its lows, according to CoinMarketCap data.</p>
<p>But other cryptos have booked even more substantial gains.</p>
<p>Today’s top performers are Solana meme coins Popcat and Dogwifhat, up 19% and 18%, respectively.</p>
<p>And yesterday, Brett led the top 100 cryptos with a staggering 45% 24-hour increase.&nbsp;</p>
<figure class="wp-block-image size-large"><img decoding="async" width="1024" height="473" src="https://image.coinpedia.org/wp-content/uploads/2024/08/07180715/image-96-1024x473.png" alt="coinmarketcap-chart" class="wp-image-335701" srcset="https://image.coinpedia.org/wp-content/uploads/2024/08/07180715/image-96-1024x473.png 1024w, https://image.coinpedia.org/wp-content/uploads/2024/08/07180715/image-96-300x139.png 300w, https://image.coinpedia.org/wp-content/uploads/2024/08/07180715/image-96-768x355.png 768w, https://image.coinpedia.org/wp-content/uploads/2024/08/07180715/image-96-1536x709.png 1536w, https://image.coinpedia.org/wp-content/uploads/2024/08/07180715/image-96-150x69.png 150w, https://image.coinpedia.org/wp-content/uploads/2024/08/07180715/image-96.png 1600w" sizes="(max-width: 1024px) 100vw, 1024px">
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<p>With meme coins leading crypto’s recovery, it’s the perfect time for Pepe Unchained to launch.</p>
<p>And unlike the other meme coins mentioned, Pepe Unchained didn’t slow while the broader market was selling off.</p>
<h2 class="wp-block-heading" id="h-pepe-unchained-is-building-an-ethereum-layer-2-will-it-be-bigger-than-polygon">Pepe Unchained is building an Ethereum layer 2 – will it be bigger than Polygon?</h2>
<p>There’s no denying that meme coins stole the show in 2024, but they’re yet to have a dedicated blockchain.</p>
<p>DeFi has multiple, and so do real-world assets and NFTs. However, no one has made a blockchain just for meme coins.</p>
<p>Enter Pepe Unchained.</p>
<p>It’s the first viral meme coin with its own blockchain.</p>
<p>It will be an Ethereum layer 2, meaning it benefits from Ethereum’s security and decentralization while offering faster and lower-cost transactions.</p>
<p>Developers are free to build as they please on Pepe Unchained. They could create Play-to-Earn games, a perpetual exchange to leverage trade meme coins, a metaverse, or anything else.</p>
<p>For retail traders, meme coins are a lottery ticket to get rich quickly, so there will likely be queues around the block to use Pepe Unchained.</p>
<p>There are also features like staking, making it even more appealing.</p>
<p>Accommodating the hottest sector of cryptocurrencies, Pepe Unchained has every chance of becoming a leading Ethereum layer 2.</p>
<p>Right now, one of the top layer 2s is Polygon, which holds a $4 billion market cap. With that in mind, there’s a lot of upside potential for $PEPU, which has raised $7 million.</p>
<p>According to the 99Bitcoins YouTube channel, Pepe Unchained could “lead the next bull market rally.”</p>
<p>The analyst suggested that meme coins like Pepe Unchained have the most growth potential as the crypto market recovers.</p>
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<p>Right now, investors can buy $PEPU at a discounted presale rate of $0.0089105.</p>
<p>However, this price will rise throughout the campaign.</p>
<p>So don’t miss out. Follow Pepe Unchained on <a href="https://x.com/pepe_unchained" target="_blank" rel="noopener noreferrer nofollow">X</a> or join its <a href="https://t.me/pepeunchained" target="_blank" rel="noopener noreferrer nofollow">Telegram</a> for the latest updates. Alternatively, visit its website to buy and stake tokens.</p>
<p><a href="https://coinpedia.care/b_pepeunchained-en_98081?referrer=pepe-unchained-presale-hits-$75m-as-crypto-recovers-brutal-crash" target="_blank" rel="noopener noreferrer nofollow"><strong>Visit Pepe Unchained Presale</strong></a></p>

Pepe Unchained Presale Hits $7.5M as Crypto Recovers From Brutal Crash

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