Pepe Whale goes on a shopping spree as this new meme coin alternative prepares for the WEB3 game

TLDR:

– PEPE price is rising following the market recovery, with one whale accumulating $10.4 million worth of tokens.

– Galactic Fox (GFOX), a small-cap meme coin alternative, launched recently and is gearing up for the release of its Web3 runner game on May 11.

– This project also offers staking opportunities and features, aiming to leverage the play-to-earn model.

The meme coin sector saw a notable recovery last week, with PEPE gaining 14% as the broader market recovered from last week’s crash.

Bitcoin collapsed to the $56,000 area, but quickly recovered to $64,000, and meme coins like PEPE, Dogecoin (DOGE), and WIF also followed suit with gains of 7-15%.

In the meantime, Galactic Fox (GFOX)a small-cap meme coin alternative, officially launched on Uniswap and DEXTools in April and is now preparing for the launch of its Web3 game on May 11.

PEPE Price forecast and whale activity

At the time of writing, PEPE’s current price stands at $0.0000084, still slightly below its all-time high of $0.00001 in March. From a technical point of view, the Relative Strength Index (RSI) is 51, indicating a neutral market condition.

Furthermore, the MACD line is above the MACD signal line, suggesting potential bullish momentum. The 200-day moving average (MA) for PEPE is $0.0000031, significantly lower than the current price.

SpotOnChain, a blockchain analytics platform, reported that a whale with the address 0x1a2e64b8a1977bf018850b377020bc33eaaac3c9 withdrew another 915.85 billion PEPE tokens ($7.75 million) from Binance at an average price of $0.000008466.

This transaction, with the hash 0xe6abb464538e427deb49210c39dafd545804193cc4fddcdeb8abf7355c03c0d0, marks the second withdrawal of this whale in the last 28 hours, for a total of 1.238 trillion PEPE tokens (10.4 million dollars) from Binance at an average price of 0.0000 08 dollars 424 .

According to SpotOnChain, the whale had previously earned $146,000 (14.2%) from an INJ trade, but lost $118,000 (-8.01%) from an RNDR trade.

This whale activity and positive technical indicators suggest that PEPE could potentially continue its upward trajectory shortly and break the high in the coming weeks.

Galaxy Fox meme coin gears up for game launch

Galactic Fox, an alternative to meme coin, had a successful pre-sale earlier this year, raising over $5 million. It launched on Uniswap and DEXTools on April 19, but has faced selling pressure, with its current market capitalization hovering around $1 million.

However, there has been a 12% increase in the price of GFOX in the last seven days.

Staking opportunities and tokenomics

Galaxy Fox offers staking opportunities with attractive annual percentage yields (APY). For the first 30 days after launch, the following staking options are available:

– 30 day lock-in / 15% APY / No minimum / 15% early withdrawal penalty

– 60 day hold / APY 20% / Minimum 25,000 GFOX / Early withdrawal penalty 15%

– 120 days lock / APY 35% / Minimum 50,000 GFOX / Early withdrawal penalty 15%

– 360 days lock / APY 60% / Minimum 100,000 GFOX / Early withdrawal penalty 15%

After the first 30 days, staking fees will be adjusted to:

– 30 day lock-in / APY 7.5% / No minimum / Early withdrawal penalty 15%

– 60 days hold / APY 10% / Minimum 25,000 GFOX / Early withdrawal penalty 15%

– 120 days lockup / APY 17.5% / Minimum 50,000 GFOX / Early withdrawal penalty 15%

– 360 days lock / APY 30% / Minimum 100,000 GFOX / Early withdrawal penalty 15%

Galaxy Fox has implemented a deflationary tokenomic model, with a maximum supply of only 5 billion $GFOX tokens. To maintain scarcity and promote long-term value, the project periodically burns a portion of the token supply, reducing the circulating supply over time.

This approach, combined with play-to-earn mechanics and NFT offerings, aims to create a self-sustaining ecosystem that rewards active participation and long-term holders.

Launch of the Web3 game

Galaxy Fox will launch its Web3 runner game on May 11, offering a play-to-earn model where players can earn rewards by navigating a character through various environments, taking on challenges and making strategic decisions to progress. Players can win in-game currencies that can be converted into $GFOX, the platform’s native token.

The top 20% of players in the league each season will receive a share of the $GFOX prize pool, financed by transaction taxes. To increase their chances, players can purchase attribute boosts in the form of NFTs.

The Galaxy Fox team plans to expand their marketing efforts, with advertising articles across various crypto media. Their attention is now turned to gaming, which could potentially have a positive impact on the price of GFOX.

As the Galaxy Fox team prepares for the game’s launch, they are ramping up their marketing efforts to raise awareness and attract a larger user base. These efforts primarily focus on advertising articles in popular crypto media, such as Captain AltcoinBlockchain Reporter and many others.

Bottom line: PEPE’s momentum and GFOX’s potential

As the meme coin sector regains momentum, recent PEPE whale activity and favorable technical indicators suggest a potential continuation of its uptrend.

Meanwhile, the upcoming launch of Galaxy Fox’s Web3 game and staking opportunities could provide a catalyst for further growth in the project’s market capitalization and token value.

As PEPE leads the recovery of meme coins, Galaxy Fox’s approach to combining meme culture with Web3 gaming and game mechanics to make money could potentially position it as an intriguing project to keep an eye on in the coming weeks.

Find out more about $GFOX here:

Visit the Galaxy Fox presale | Join the community

Disclaimer: This is a paid version. The statements, views and opinions expressed in this column are solely those of the content provider and do not necessarily represent those of Bitcoinist. Bitcoinist does not guarantee the accuracy or timeliness of the information available in such content. Do your research and invest at your own risk.

Fuente