Meme coins are notoriously susceptible to volatility, and during downturns, they tend to crash particularly hard. Pepe (PEPE) experienced significant disruption amid the mounting selling pressure and rising uncertainty.
However, over the last day, Pepe has shown impressive strength as it bounced back from the lows and seems to be gearing up for a major breakout. Let’s explore what the future has in store for Pepe.
Pepe Jumps 5% As Whale Activity Explodes
Pepe could soon lead the meme coin comeback as Ethereum whales continue to push its price higher. According to SpotOnChain data, just a few days ago, two whales accumulated a total of 480 billion PEPE, worth approximately $8.7 million. These types of large transactions are indicative of strong confidence in Pepe’s long-term prospects, and analysts believe that a reclaim of the $0.000028 all-time high could happen sooner than expected.
Another major catalyst that could soon propel Pepe to new peaks is the incoming halving event set to occur in 28 days. The halving will reduce Pepe’s token emission rate and potentially create a deflationary environment that could pave the way for scarcity-driven growth.
Moreover, Pepe’s technical indicators are also confirming this bullish thesis, with the PEPE Open Interest (OI) showing a 10% increase at $86 million. Pepe’s 4-hour RSI is also pointing toward a bullish continuation, as it’s currently sitting at 66 points.
While Pepe is set to reach a new peak as the cycle progresses, it doesn’t have a working product that backs its value, which makes it reliable in terms of long-term price action. For this reason, savvy investors are opting to allocate capital toward utility-driven projects with real use cases, such as Web3 casino Rollblock, which has been gaining massive traction over the last few months and could soon mirror Pepe’s epic 100x run.
Welcome To Rollblock’s GambleFi Revolution
Rollblock is making waves both in crypto gambling and the DeFi landscape with its GambleFi platform which bridges the gap between centralized and decentralized gambling. Rollblock offers a high-end casino experience supported by blockchain technology, ensuring superior security and transparency.
The casino’s credibility has been attested by leading blockchain security firm SolidProof. Additionally, Rollblock has also secured a license from Anjouan Gaming, and is compliant with the latest regulatory requirements.
Aside from its native token RBLK, Rollblock supports 20 major cryptocurrencies, allowing for a wide variety of payment options. The platform boasts a gaming catalog that includes more than 7,000 games, ranging from classics such as blackjack and roulette to new, AI-powered titles.
One of the casino’s star features is the novel revenue-sharing mechanism which will allow the rapidly growing community to earn passive income while enjoying their favorite games. To sustain this, Rollblock will use up to 30% of its weekly earnings to repurchase RBLK tokens from the open market. 60% of this amount will be burned, reducing the total supply and ensuring stability during market fluctuations. The remaining 40% will be redistributed to holders as staking rewards.
Stage 9 of the presale is 70% complete and RBLK tokens are selling for just $0.045. This is the perfect entry point for early adopters who want to be on the winning side of Rollblock’s GambleFi revolution. By the end of the presale alone, analysts expect an 800% rally and once RBLK hits the markets, the run toward a 100x multiplier will begin.
Discover the Exciting Opportunities of the Rollblock (RBLK) Presale Today!
Website: https://presale.rollblock.io/
Socials: https://linktr.ee/rollblockcasino
[…] Recent data indicates increased activity among Ethereum whales, with two significant investors acquiring a total of 480 billion PEPE tokens, valued at approximately $8.7 million. This substantial accumulation suggests growing confidence in Pepe Coin’s long-term prospects. […]
[…] Recent data indicates increased activity among Ethereum whales, with two significant investors acquiring a total of 480 billion PEPE tokens, valued at approximately $8.7 million. This substantial accumulation suggests growing confidence in Pepe Coin’s long-term prospects. […]