The broader cryptocurrency market continued to slide this week, with total market capitalization falling 3.5% in the past 24 hours, according to data reported Monday. Bitcoin, which has struggled to sustain momentum, declined 13% over the past week and is down 0.5% year-over-year. Analysts have attributed the ongoing weakness to fading investor sentiment tied to developments in the artificial intelligence sector.
Despite the bearish environment, several emerging tokens are drawing investor attention — including PEPENODE, a “mine-to-earn” project currently in the midst of its presale.
PEPENODE Presale Gains Momentum
PEPENODE, which opened its presale in September, offers a virtual mining ecosystem that does not require physical hardware. Instead, users purchase virtual mining nodes with PEPENODE tokens, and additional nodes increase potential reward output.
The project has not disclosed the total amount raised so far, but platform activity suggests growing interest. According to the project’s documentation, mining rewards are distributed in meme-based cryptocurrencies such as Pepe (PEPE) and Fartcoin (FART).
596% Staking Yield Highlights High-Risk, High-Reward Model
PEPENODE’s staking platform advertises a 596% annual percentage yield (APY)— one of the most aggressive yields currently promoted in the meme-token sector. The project leans heavily on Pepe-themed branding, which continues to resonate across online crypto communities.
The token’s maximum supply is capped at 210 billion, allocated across treasury, development, marketing, liquidity, and reward pools.
Virtual Mining Explained
PEPENODE’s model relies entirely on virtual mining rigs rather than computational hashing power. Users connect a compatible wallet to the official presale portal and can purchase tokens using fiat payments. Mining nodes purchased with PEPENODE tokens generate rewards over time, based on the project’s internal reward mechanics.
The presale is structured with price increases every three days, encouraging early participation. According to the project’s timeline, the token is expected to launch in the coming weeks.
Market Context
While leading cryptocurrencies continue to face selling pressure, niche high-yield projects have seen increased traction. Observers say speculative interest remains strong in meme-driven and gamified crypto models, even as macro sentiment weakens.
