Pepe-themed meme coin Smidge is exploding today with its price up over 150% in the last 24 hours.
Meanwhile, a Pepe-focused layer 2 cryptocurrency, Pepe Unchained, is turning heads after raising almost $1M through the first week of its presale.
Let’s dive into these two meme coins and see what’s behind their rapid rises.
While other meme coins take a breath, Smidge is absorbing liquidity on an emphatic bullish ascent.
It’s topping CoinMarketCap’s trending list as word spreads on social media that this could be the next big meme coin.
There’s an entire “Pepe bloodline” of tokenized frogs that want to “make meme coins great again.”
Smidge is the latest to join the party after launching on Monday.
Earlier today it was currently trading at $0.0007406, up 340%, having recovered a selloff that followed its initial post-launch rally. It’s now pulled back slightly, but is still up 150% in 24 hours at $0.0004646 at the time of writing.
Smidge holds an $800K market cap and a $930K 24-hour trading volume.
The recent recovery is a bullish signal for the project.
Many new meme coins cannot recover after deep selling pressure, but Smidge’s performance reflects strong community support.
“SMIDGE is part of the frog kingdom and got a CoinMarketCap listing within 24 hours of launch. The price is bottomed out and is ready to rally. The meme coin wave is far from over,” wrote Meta Gorgonite on X recently.
Meanwhile, Blockchain DYT suggests the “Frog season meta” is the next to take hold of crypto’s memetic revolution.
“Metas,” otherwise known as trends, generally come in waves based on a specific meme or animal.
Doge-themed cryptos were all the rage last cycle.
This cycle, dogs wearing hats have been popular, and cat coins have also taken a swipe at memetic stardom.
However, there is a vast interest in frog-themed meme coins, popularized by Matt Furie’s Pepe the Frog meme.
Pepe coin laid the blueprint for these projects, and newcomers like Smidge, Apu, Marv, and Groyper have taken inspiration.
This was even the foundation for Brett, which now holds a $1.5 billion market cap and is crypto’s sixth-largest meme coin.
Amid the frog coin meta, another new token called Pepe Unchained is rising.
However, unlike the others, this project has real utility and is available to buy at its lowest-ever price.
Let’s take a closer look.
Pepe Unchained lays claims that no other meme coin can.
It’s the first Pepe-themed cryptocurrency to have its own layer 2 blockchain.
The L2 will be a boon to Ethereum’s scalability issue, providing a cheaper and 100x faster alternative designed specifically for meme coins.
It’s a huge distinction from other meme coins and echoes the centrality of memetic culture in crypto’s technological advancement.
There will be an instant bridge between the Pepe chain and Ethereum, making it effortless to move assets between the networks.
Like the Ethereum main network, Pepe Unchained will also have its own blockchain explorer. This aids in the network’s transparency and immutability efforts, which align with the ideological principles of decentralized technology.
On the other side of things, Pepe Unchained’s direct focus on meme coins will make it a massive hit with meme coin enthusiasts.
Some analysts have been quick to catch on, with the likes of popular YouTuber ClayBro stating they’re bullish on the project.
Pepe Unchained is currently available to buy at $0.0080964, but this will rise throughout the presale, with the next increase in two days.
Tokens can be bought using ETH, USDT, or debit or credit card.
Visit Pepe Unchained Presale
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