Pepe Unchained surpasses $12.5M in presale, attracts whale investors

• PEPU hits a major milestone.
• PEPU is set to witness another price increase. 

Pepe Unchained [PEPU] has been making headlines as its presale ICO has hit another milestone in the last 24 hours.

The growing interest and participation in the project have brought significant attention to its native token, PEPU.

According to recent updates, PEPU’s price will increase once the project reaches another milestone in its presale phase. 

Pepe Unchained sees whale investors

Data from the Pepe Unchained site revealed that the project had surpassed the $12 million presale ICO milestone.

As of this writing, the sale has already exceeded $12.5 million, approaching the $12.6 million benchmark. The native token, PEPU, was priced at $0.0095743, set to increase every two hours.

Additionally, there has been heightened interest from whales in recent days.

According to Etherscan data, a whale recently spent $50,000 to buy PEPU tokens, indicating significant confidence in the potential of this memecoin.

The rising interest from both retail and large investors suggests strong momentum for Pepe Unchained as it approaches the next phase of its presale.

Already seeing stakes

According to Pepe Unchained’s tokenomics, the total supply of PEPU tokens is 8 billion, with 30% (or 2.4 billion tokens) reserved for staking rewards.

The remaining tokens were distributed across the presale, marketing, liquidity, and operational costs.

The Pepe Unchained staking dashboard showed that around 981.9 million PEPU tokens have been staked since the staking feature was launched. This figure represented a significant portion of the staking pool.

However, it remains to be seen what percentage of the total supply will ultimately be staked.

How Pepe is reacting to these developments

AMBCrypto’s analysis of Pepe [PEPE] revealed that it has been on a downtrend over the past few weeks. The bright spot occurred on the 8th of September, when its price increased by 4.43% in the last trading session.

However, as of this writing, PEPE has yet to be able to replicate those gains, and the price remained relatively stagnant.

Source: TradingView

Read Pepe’s [PEPE] Price Prediction 2024–2025

Key indicators like the Moving Average Convergence Divergence (MACD) and Relative Strength Index (RSI) suggested that PEPE was still bearish, signaling continued downward momentum. 

There is optimism that once Pepe Unchained launches its mainnet, we may see more activity and renewed interest in PEPE.