Pepe Price Jumps as CZ’s Early Release Sparks Unchained Hype

Pepe (PEPE) is experiencing significant movement today, with a noteworthy price increase following news that former Binance CEO Changpeng Zhao will be released from prison sooner than anticipated.

This development has sparked curiosity about whether Pepe Unchained (PEPU), an emerging Layer-2 meme coin, might be the next one to take off.

PEPE Price Surge – What’s the Potential for This Meme Coin?

PEPE is currently making headlines.

The coin has risen 17% in the last 24 hours, reaching $0.0000104 – marking its highest value in nearly two months.

This also represents a 31% increase since Monday.

This morning, PEPE managed to close above the $0.000010 mark on the 4-hour chart, stirring excitement among bulls.

They are now eager to see if PEPE can maintain this position on the daily time frame.

Spot trading volumes have surged by 41% to $1.2 billion, positioning PEPE as the third most traded meme coin currently.

Additionally, open interest is on the rise – increasing by 29% to $163 million.

This indicates a significant amount of speculative buying is taking place.

With the excitement surrounding PEPE, the key question remains: How much further can this frog coin climb?

CZ’s Early Release & Positive Q4 Outlook Drives PEPE’s Uptick

A contributing factor to PEPE’s rise seems to be the announcement that Changpeng Zhao (CZ) will exit prison two days ahead of schedule.

His release is slated for today, September 27th, and traders view this as an encouraging sign.

This is already reflecting in the market – with Binance Coin (BNB) surpassing $600 for the first time since mid-July.

However, the bullish sentiment isn’t solely a result of CZ’s release.

Markus Thielen, the director of research at 10x Research, predicts a potent rally for the fourth quarter of 2024, especially with Bitcoin (BTC) back above $65,000.

He expressed that the likelihood of a Q4 surge is “exceptionally high.”

Thielen believes that Bitcoin’s breakout could trigger a FOMO effect in the altcoin space, resulting in widespread bullish sentiment.

Adding to the momentum, the Crypto Fear & Greed Index is currently showing a state of “Greed.”

It holds a value of 61 – its peak since July 31st.

With the possibility of two additional rate cuts before the year concludes, meme coins like PEPE might be poised for an exhilarating run towards the end of 2024.

New Layer-2 Meme Coin Pepe Unchained Secures $15.6M & Prepares for Explosive Launch

Amidst all this buzz, one new initiative hoping to gain traction is Pepe Unchained.

Pepe Unchained has garnered $15.6 million in its presale phase, with PEPU tokens priced at $0.00986 each at present.

Investors can participate using ETH, USDT, BNB, or even credit cards.

However, the price is expected to increase in just one day when the next phase of the presale begins.

What distinguishes Pepe Unchained from other projects is its Layer-2 blockchain, which is currently under development.

This blockchain promises faster and more affordable trades than Ethereum.

It will also feature a custom DEX, a block explorer, and instant bridging capabilities back to Ethereum.

As an added bonus, Pepe Unchained’s ecosystem includes a “double staking” application for PEPU holders.

This application currently provides annual yields of 136%.

Over 1.1 billion PEPU tokens have already been staked – and this is before the official launch.

With such anticipation, Pepe Unchained appears set for triumph.

The project has cultivated a vibrant community on Twitter and Telegram, where meme coin fans are speculating whether PEPU’s price will skyrocket this year.

The team behind Pepe Unchained has also ensured the token has been audited by SolidProof and Coinsult.

These audits revealed no problems with the token’s code, enhancing investor confidence.

As PEPU approaches its inaugural DEX listing, all eyes are on whether it will meet expectations.

It’s definitely a coin to watch as we enter the final quarter of 2024.

Check Out Pepe Unchained Presale

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