A massive shift in whale activity may be signaling trouble ahead, putting the Pepe price prediction back in focus as fear grips the market.
Whales have started moving large volumes of PEPE to exchanges, a classic red flag that a sell-off could be near.
According to Nansen, exchange-held PEPE has jumped from 250 trillion on November 6 to 258 trillion today, marking a 30-day high.
This comes as open interest in PEPE futures sinks to just $165 million, far below its $1 billion peak in July.
With sentiment crumbling and traders pulling back, the risk of a deeper drop is growing fast.
Pepe Price Prediction: PEPE Could Bounce Back Strongly If It Drops to This Key Area
Since the year started, Pepe has lost over 77% of its value. As a result, it is one of the worst-performing tokens in the market and the biggest loser of the top 5 in the meme coin category.
The weekly chart shows that Pepe just hit a key support area at $0.0000040. This level lies right above a weekly fair value gap (FVG).
These FVGs are price imbalances caused by a strong surge in the demand for an asset. This FVG dates back to February 2024, back when Pepe’s popularity was surging.
If the price dips to this level in the next few days, the odds of a strong rebound will increase.
In the mean time, a new mine-to-earn (M2E) game inspired in the Pepe the Frog meme called Pepenode ($PEPENODE) has received millions from investors.
This early presale gamifies crypto mining and could outperform the OG Pepe this year.
Pepenode ($PEPENODE) Turns Mining Into an Interactive Game
Pepenode ($PEPENODE) is reimagining how crypto mining works by introducing a fun game where players can launch virtual servers and rigs to earn meme coins and compete for rewards.
No expensive hardware is needed to run your mining operation.
Simply invest $PEPENODE tokens to get your virtual server up and fire up as many rigs as you want. Top miners who make it to the leaderboard will receive airdrops of top tokens like Bonk ($BONK) and Pepe ($PEPE).
In addition, the game incorporates referral boosts, anti-bot protection, and a token burn program.
This last feature removes up to 70% of the $PEPENODE used for upgrading rigs from circulation, increasing scarcity of the token.
To buy $PEPENODE and start mining right away, simply head to the official Pepenode website and link up a compatible wallet like Best Wallet.
You can either swap USDT or ETH for this token or use a bank card instead.
Visit the Official Pepenode Website Here
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