Pepe Unchained is also drawing praise, having raised over $6 million in its limited-time presale event. That's a 10% jump in the past 24 hours
A frog-themed cryptocurrency token has seen its value increase by 10% over the last 24 hours. Named Pepe Unchained (PEPU), the token is also now the third most-traded meme coin in the world.
According to CoinGecko, the token has seen a 43% increase in its price since reaching a local low on Thursday. At the time of writing, PEPU trades for $0.0111 and has seen a staggering 10,600% increase in its trading volume.
The token runs on its own blockchain, which promises transactions that are 100 times faster than Ethereum (CRYPTO: ETH) and come with much lower fees. However, this yield will decrease as more investors choose to stake their PEPU tokens, rewarding those who got in early.
After undergoing two audits, the development team also seems to be signaling that they are committed to transparency.
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