PEPENODE Raises $2M Amid PEPE’s 67% Predicted Price Decline
The meme-inspired cryptocurrency PEPE has experienced a 20% decline over the past week, hitting a key support level. Analyst Ali Martinez notes that PEPE has completed a head-and-shoulders pattern, predicting a further drop to $0.00000185, which would be a 67% decrease from current levels.
- PEPE has underperformed compared to other leading meme coins in 2025, with a 72.5% year-to-date decline.
- Currently trading around $0.0000056, PEPE's daily trading volume has decreased by 50%.
Market Indicators and Sentiments
- Open interest in PEPE futures is at its lowest since April, indicating reduced trader activity.
- Historically, similar declines in open interest have preceded significant rallies, such as a previous 150% surge.
- A PEPE whale suggests that if the price reaches $0.0000090, it could trigger buying momentum, potentially leading to a recovery up to $0.000025.
Community Engagement
Despite recent downturns, the PEPE community remains active, generating over 44,000 engagements on social media platforms through memes and discussions.
PEPENODE Developments
- PEPENODE is innovating crypto mining by making it accessible and engaging, raising over $2 million in presale.
- Participants can create virtual mining setups to engage in gamified mining activities.
- The project operates on the Ethereum blockchain with a deflationary token model, burning 70% of tokens used for node upgrades.
- Early holders receive substantial staking rewards, leaderboard bonuses, and long-term incentives.