TLDR:
- The asset suffered a 96% drop just minutes after its initial listing in the Uniswap liquidity pool.
- The fully diluted valuation (FDV) crashed from $255 million to just $42 million following the collapse.
- A single wallet executed a massive $31,000 sell order during the token’s first minute of trading.
Following the launch of the PEPENODE token on Thursday, January 8, the memecoin market experienced a new episode of extreme volatility. Although the asset raised $2.7 million during its presale phase that began in 2025, its Uniswap debut proved disastrous for investors.
In just minutes, the price plunged from an initial $0.001212 to an all-time low of $0.00007058, representing a loss in value of over 96% in record time. The magnitude of the movement was exacerbated by massive sell orders from the very first second of trading.
Notably, one whale liquidated over $31,000 worth of the PEPENODE token, triggering a domino effect that decimated the confidence of presale participants.
While the price attempted to stabilize near $0.0002, the asset still maintains an 84% devaluation relative to its listing price, leaving the project under intense scrutiny from the community.
Valuation Reassessment and Next Steps for the Mine-to-Earn Project
The market correction also forced a drastic adjustment in the protocol’s financial metrics. At the time of listing, the PEPENODE token boasted a fully diluted valuation (FDV) of $255 million—a figure considered excessive by analysts for a project with an anonymous team and no functional product launched.
Following the crash, the FDV fell to $42 million, reflecting a more realistic reassessment of the invested venture capital.
Despite this financial setback, the team behind PepeNode asserts that they will continue with their roadmap to implement a browser-based mining simulation platform.
The goal is for users to use the PEPENODE token to acquire and upgrade virtual nodes, simulating hash power and earning rewards within a gaming environment.
The investment community will closely monitor whether the activation of the on-chain version of its interface manages to recover the volume and trust lost during this turbulent premiere.
