Veggies of the crypto circle, tremble! When PEPE crashed 60% from its historical high of $0.00002825 to $0.0000096, the market was in despair. But on-chain data suddenly showed a stunning reversal: whales from the Milady NFT community are buying the dip with real money, with one anonymous wallet sweeping up 500 billion PEPE worth $4.3 million in a single day. More explosively, PEPE just passed a community vote with a 76.76% approval rate to become the first meme coin included in the DeFi lending protocol.
Is this a brief glimmer before death, or is it the prelude to an epic rebound? As someone who has experienced a 100x surge with Dogecoin, I must provide you with the hardest analysis to guide you! From the price trend, PEPE is currently on the edge of the death line at $0.00001000, with fierce long and short battles on the daily chart. A failure to hold could trigger a waterfall sell-off down to $0.00000900, while the weekly level has formed a bullish cup-and-handle pattern. Breaking the resistance at $0.000014 would set a target of $0.0000227, which is equivalent to doubling the current price.
Whale behavior is particularly dramatic; on one side, a whale holding 22 trillion PEPE sold off $3.48 million, while on the other side, the diamond hands of the Milady community are increasing their positions against the trend, with their wallet addresses closely matching those of the whales during the early surge of PEPE. This mutual combat among large holders is reshaping market logic. The fundamentals have also undergone a sudden change, with PEPE being included as collateral in AAVE V3, marking a milestone for meme coins. This means holders can use tokens for collateralized lending, bridging speculation to practicality. Although the short-term collateralization rate may be limited, the signal released is enough to attract the attention of traditional financial institutions.
At the same time, the combination of blockchain games + NFTs is gaining momentum. Games like (Pepe's Adventure) bind game items with NFTs, allowing players to obtain the 'Golden Pepe Frog' NFT, which can enhance game attributes and be traded for profit, attracting a large number of traditional gamers. However, the risks cannot be ignored; the circulating supply of PEPE reaches as high as 420 trillion, and if the price surges, it could lead to astronomical valuations far exceeding the support of the real financial system. The SEC's ambiguous stance on meme coins in the U.S. means that once regulatory policies are enacted, PEPE could instantly drop to zero.
In my opinion, PEPE is either heaven or hell. If it can hold the support level of $0.00001000, leveraging AAVE to break through $0.000014 is entirely possible, aiming for $0.000020 within three months. The beliefs of the Milady community and the DeFi ecosystem are the strongest boosters. However, if whale sell-offs persist and market sentiment retreats, it could drop to $0.00000700, and competition could siphon off funds, putting its celebrity status at risk. The story of PEPE is the ultimate battle between the decentralized faith in cryptocurrency and the speculative nature of humans. For thrill-seeking gamblers, this may be the last chance to flirt with danger, while rational investors are advised to wait for the price to stabilize above $0.000012 before gradually building their positions.
Remember, in the world of cryptocurrency, fear and greed are both deadly poisons; only calm analysis can ensure survival. Do you think PEPE will become the next Dogecoin, or will it become worthless? Leave your thoughts in the comments, and follow my investment survival guide to get the most timely market dynamics and hardcore analysis!
