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PEPU & MPEPE: Two ICOs With Massive Community Support and Profits
The world of cryptocurrency is no stranger to the explosive growth of meme coins, where community-driven projects can skyrocket in value seemingly overnight. Two such projects, Pepe Unchained (PEPU) and Mpeppe (MPEPE), have recently garnered significant attention, not just for their meme-based appeal but also for their strong community backing and potential for substantial profits.
The Rise of Pepe Unchained: A Meme Coin Revolution
Pepe Unchained, or PEPU, has quickly become a standout in the meme coin sector. Since its launch, PEPU has raised over $9.6 million in its presale, a staggering 4,700% increase in capital in just two months. This incredible growth comes at a time when the broader crypto market has seen a decline, shedding off $265 billion in value. Yet, PEPU continues to defy the odds, proving its resilience and the strong belief investors have in its potential.
PEPU’s success is largely attributed to its innovative approach to solving the issues faced by its predecessor, Pepecoin (PEPE). While PEPE remains a popular meme coin, it has been hindered by the limitations of Ethereum’s Layer 1 blockchain, leading to high gas fees and slow transaction times. Pepe Unchained (PEPU) addresses these issues with its Layer 2 solution, designed to make transactions faster and more affordable, thereby enhancing the overall user experience.
Mpeppe: The Rising Star in the Meme Coin Arena
While PEPU has been making waves, another meme coin, Mpeppe (MPEPE), has also been gaining traction. Currently priced at $0.001777, Mpeppe (MPEPE) is quickly becoming a favorite among investors who are looking for the next big thing in the meme coin space. With its smart contract address at 0xd328a1C97e9b6b3Afd42eAf535bcB55A85cDcA7B, Mpeppe (MPEPE) is positioned as a strong contender in the market, offering investors a chance to get in early on a project with significant growth potential.
The appeal of Mpeppe (MPEPE) lies in its unique blend of community engagement and innovative features. As more investors flock to Mpeppe (MPEPE), the coin’s value is expected to rise, mirroring the success of other meme coins that have seen exponential growth in the past. The combination of a strong community, an active development team, and strategic marketing efforts makes Mpeppe (MPEPE) a compelling investment opportunity.
Community Support: The Backbone of PEPU and MPEPE
One of the key factors driving the success of both PEPU and Mpeppe (MPEPE) is the unwavering support from their respective communities. In the world of meme coins, community engagement is crucial. A dedicated community can propel a coin from obscurity to mainstream success in a matter of days. Both PEPU and Mpeppe (MPEPE) have fostered vibrant communities that are passionate about the projects and are actively involved in promoting and supporting their growth.
For PEPU, the community’s enthusiasm is evident in the rapid pace of its presale. As it approaches the $10 million mark, the momentum behind PEPU shows no signs of slowing down. Similarly, MPEPE’s community is growing steadily, with more investors recognizing the potential for significant returns. This strong community backing is not only a testament to the appeal of these projects but also a crucial element in their ongoing success.
The Profit Potential: Why Investors Are Flocking to PEPU and MPEPE
Investors are always on the lookout for opportunities that offer high returns, and both PEPU and Mpeppe (MPEPE) are poised to deliver. With PEPU forecasted to potentially reach $0.5572 by the end of 2024, a $1,000 investment at its current presale rate could turn into $60,567 in just a few months. These projections have fueled a surge in demand, with many investors eager to capitalize on the expected price increases.
Mpeppe (MPEPE), on the other hand, offers a unique opportunity to get in at a low price point with the potential for massive gains. As the coin continues to gain traction, early investors stand to benefit significantly as the project grows and attracts more attention.
Conclusion: A Bright Future for PEPU and MPEPE
The success of Pepe Unchained (PEPU) and Mpeppe (MPEPE) is a clear indication of the power of community support and the potential for substantial profits in the meme coin space. With innovative solutions, strong community backing, and promising forecasts, both PEPU and Mpeppe (MPEPE) are well-positioned to become major players in the cryptocurrency market. As these projects continue to grow, investors who get in early could see significant returns, making PEPU and MPEPE two of the most exciting ICOs to watch in 2024.
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Crypto Highlights This Week: The broader market concludes another interesting week, primarily keeping investors on their toes. Cryptocurrency exchange behemoth Bybit suffered a $1.4 billion hack this week, whereas BTC and altcoins remained stagnant despite market advancements. Simultaneously, the meme coin sector panicked amid the emergence of the Argentinian LIBRA token.
Here’s a brief collection of some of the top crypto market updates reported by CoinGape Media over the past week.
Weekly Crypto Highlights: ByBit Exchange Hacked By N. Korean Group
The renowned cryptocurrency exchange Bybit was hacked by ‘The Lazarus Group’ this week, resulting in a massive exploitation of funds. Reportedly, the North Korean criminal organization stole $1.4 billion worth of ETH from the crypto exchange.
As a result, the broader crypto market saw a whopping $566 million liquidated in a day as investors started panic selling. In turn, BTC and altcoins reversed recent gains, backtracking to previous lows. BTC price closed the week at around $96K, whereas ETH was near $2,800. XRP & SOL also reversed recent gains, trading in the red this weekend.
It’s also worth mentioning that ByBit rolled out a $140 million bounty for cybersecurity experts to recover $1.4 billion stolen in Ethereum.
LIBRA Token Panic: What Happened?
Meanwhile, Argentinian President Javier Milei endorsed the Solana-based LIBRA meme token this week, which soon rocketed in value. However, the market was taken by storm when insiders cashed out massive amounts amid the rally, urging LIBRA price to crash over 90%. This saga raised rug-pull concerns surrounding the crypto, further bringing heat to its price.
However, President Javier Milei ordered a probe into the launch and KIP Protocol, aiming to rectify the error and bolster the token. This saga has emerged as another noteworthy crypto highlight this week, underscoring the market’s risky nature.
ETF Filings This Week
Simultaneously, a stockpile of ETF advancements was witnessed this week. Canary Capital’s Litecoin ETF emerged on Depository Trust & Clearing Corporation (DTCC), solidifying chances of approval.
Further, Grayscale’s XRP ETF entered the U.S. SEC’s review mode.
Also, asset manager Franklin Templeton filed an S-1 to launch a spot Solana ETF with the U.S. SEC this week. Mentioned above are the top crypto market highlights for this week, which appear to have substantially impacted investor sentiment.
Coingape Staff
CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
Bybit, a popular crypto exchange, is reeling from the massive hack worth $1.5 billion in digital assets. According to reports, the hackers targeted the crypto exchange’s cold wallet, an offline storage system, to steal the exchange’s assets, primarily Ether. On-chain data reveals that the stolen funds were quickly transferred into different wallets and liquidated on several platforms.
Ben Zhou, Bybit’s CEO, promptly addressed the hack and told users that the site’s other cold wallets are secure and withdrawals are processed “normally”.
As the company struggles with a surge in withdrawal requests, it received over 88,000 ETH (worth around $239 million) from popular exchanges like Binance and Bitget. The fresh crypto transfers from these two popular exchanges boosted Bybit’s liquidity, allowing it serve the customers’ withdrawal requests.
Bybit detected unauthorized activity involving one of our ETH cold wallets. The incident occurred when our ETH multisig cold wallet executed a transfer to our warm wallet. Unfortunately, this transaction was manipulated through a sophisticated attack that masked the signing…
— Bybit (@Bybit_Official) February 21, 2025
Authorities Link Breach To North Korean Hacking Group
Friday’s hacking of the Bybit cold wallet is considered the biggest crypto hacking on record. Arkham Intelligence and Elliptic said the stolen digital assets were quickly transferred to different accounts and liquidated within minutes. Elliptic reports that the hacking is by far the biggest in the industry and easily surpassed the stolen $570 million from Binance in 2022 and the $611 million worth of crypto assets drained from Poly Network in 2021.
ByBit CEO says the platform is experiencing “massive withdrawals.” https://t.co/Xi5vhqMqWI
— FORTUNE (@FortuneMagazine) February 21, 2025
Elliptic speculated that the Lazarus Group, a state-backed hacking team in North Korea, perpetrated the hack. The Lazarus Group is known for its crypto-hacking activities, stealing billions of dollars from different sites.
Bybit Gets Help From Binance And Bitget
As Bybit struggled to service the surge of withdrawals, it received help from other popular exchanges to cover the requests. Arkham said the exchange received more than 88,000 Ether or roughly $239 million from Binance and Bitget addresses.
The fund infusion can boost the exchange’s current liquidity as it addresses the massive withdrawal requests. Bybit confirmed that its users moved funds from the exchange after the hack was made public.
Arkham said Bitget transferred 40,000 Ether, or $106 million, to a Bybit cold wallet on February 21st at 19:44 (UTC). Lookonchain argued that Bitget transferred its funds to the exchange to boost its liquidity and serve as a vote of confidence.
After 10 minutes, a Binance hot wallet transferred 11,800 Ether or $31 million to the same Bybit cold wallet address. In total, Binance has transferred 47,800 Ether or $127.48 million.
CEO Explains Crypto Exchange Remains Solvent
Bybit’s CEO, Ben Zhou, has assured its users and customers that the exchange is solvent. In a Twitter/X post, the CEO explained that the customers’ funds are backed 1:1 and that the company can service the losses even if it fails to recover them.
Featured image from Adobe Stock, chart from TradingView
VanEck has announced a bold prediction that Bitcoin will play a critical role in managing the United States’ rising national debt. The study, based on Senator Cynthia Lummis’ proposed Bitcoin Act, shows that a strategic Bitcoin reserve may partially balance the country’s debt by 2049. But how feasible is this concept?
The Potential Impact Of Strategic Bitcoin Reserves
The study examines a scenario in which the US government obtains up to 1 million BTC during a five-year period. If this strategy comes to fruition, VanEck believes that such a reserve may help balance almost $21 trillion in national debt by 2049. Based on forecasts of future debt growth, this equates to around 18% of the expected total debt at the time.
However, this positive forecast is heavily reliant on Bitcoin’s price trajectory. VanEck’s model forecasts that BTC will grow at a 25% compounded annual rate (CAGR). Starting with an estimated acquisition price of $100,000 per unit in 2025, the crypto would need to see sustained price increases over the next two decades.
Source: VanEck
Debt Growth Versus Bitcoin Appreciation
The study considers the expected 5% annual rate of increase in US debt trajectory. Any effort to balance the predicted $100 trillion national debt by 2049 will need assets with big appreciation potential.
Though highly volatile, Bitcoin presents both a challenge and an opportunity. A 25% CAGR is an ambitious aim considering past pricing volatility, regulatory uncertainties, and industry acceptance patterns. Should the slow down in the crypto’s expansion, the reserve might not meet expectations, therefore lessening its value in addressing national debt.
Bitcoin As A Government Asset
VanEck’s view is consistent with a broader discussion concerning the leading digital currency’s role in national economies. Countries such as El Salvador have already adopted the top coin into their financial plans, albeit on a far lesser scale. If the US took a similar strategy, it would be an unparalleled shift in monetary policy.
The practicality of building such a massive Bitcoin reserve raises concerns. Would the government buy the crypto asset gradually or in bulk? How would it safeguard and govern such an asset? These uncertainties complicate VanEck’s vision.
A High-Risk Gamble Or A Financial Breakthrough?
VanEck’s research presents an intriguing possibility, despite these obstacles. The potential of BTC as a long-term wealth reserve is still a topic of debate among economists and policymakers. It may be feasible to employ the digital asset to mitigate national debt if its value continues to increase.
For now, the feasibility of this strategy remains uncertain. The US government has yet to indicate any concrete plans to acquire the alpha crypto on a large scale. But with national debt rising and Bitcoin’s influence growing, discussions around this unconventional solution are far from over.
Featured image from Gemini Imagen, chart from TradingView
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