Pepe Unchained [PEPU] has been grabbing attention with its pre-public sale ICO reaching a new milestone in the past 24 hours.
The increasing enthusiasm and involvement in the project have led to significant focus on its in-house token, PEPU.
Recent reports indicate that the price of PEPU will surge once the project accomplishes the next milestone in its pre-public sale phase.
Pepe Unchained Attracts Big Investors
Data obtained from the Pepe Unchained platform disclosed that the project had exceeded the $12 million pre-public sale ICO threshold.
Currently, the sale has surpassed $12.5 million, nearing the $12.6 million mark. The native token, PEPU, was valued at $0.0095743 and is scheduled to increase every two hours.
Moreover, there has been a surge in interest from large investors in recent days.
As per Etherscan statistics, a significant investor recently invested $50,000 in purchasing PEPU tokens, indicating strong confidence in the future of this memecoin.
The growing interest from both individual and institutional investors indicates robust momentum for Pepe Unchained as it approaches the next stage of its pre-public sale.
Existing Staking Activity
Based on Pepe Unchained’s tokenomics, the total supply of PEPU tokens is 8 billion, with 30% (or 2.4 billion tokens) allocated for staking rewards.
The remaining tokens were divided among the pre-public sale, marketing, liquidity, and operational expenses.
The Pepe Unchained staking dashboard displayed that approximately 981.9 million PEPU tokens have been staked since the staking feature was initiated. This amount represented a considerable portion of the staking pool.
However, the proportion of the total supply that will eventually be staked is still unknown.
Pepe’s Response to Recent Developments
An analysis of Pepe [PEPE] by CryptoCrypto indicated a downward trend over the past few weeks. A positive moment occurred on September 8th when its price surged by 4.43% in the previous trading session.
Nevertheless, at present, PEPE has not managed to replicate those gains, and its price has remained relatively stable.
Key indicators such as the Moving Average Convergence Divergence (MACD) and Relative Strength Index (RSI) hinted that PEPE was still on a bearish trend, suggesting a continued downward movement.
There is hope that once Pepe Unchained launches its mainnet, there will be increased activity and renewed interest in PEPE.