James Wynn, an early Pepe (PEPE) investor, predicted that the mission’s market cap will hit $69 billion in 2026. Nonetheless, in line with crypto evaluation agency LookOnChain, Wynn has closed all PEPE and Ethereum (ETH) lengthy positions on Hyperliquid. Furthermore, Wynn has withdrawn most of his funds from the platform. Let’s focus on if the investor is anticipating the memecoin to face an enormous worth correction this yr.
Will PEPE Face a Correction in 2026?
Wynn had beforehand predicted PEPE to hit a multi-billion market cap quickly after its launch. Wynn’s appropriate prediction led a to substantial surge in PEPE inflows, solidifying his place inside the PEPE neighborhood.
Nonetheless, provided that Wynn has closed his lengthy positions, there’s a risk that the investor anticipates a pointy worth correction for the favored memecoin. Actually, Wynn’s actions has led to substantial questioning among the many neighborhood, particularly provided that he stated he would delete his account if PEPE doesn’t hit his $69 billion goal.
Furthermore, the crypto market remains to be recovering from its late 2025 crash. Buyers are nonetheless taking a risk-off strategy, evident from the truth that gold and silver have hit a number of all-time highs over the previous couple of months. PEPE, being a memecoin, carries a few of the highest dangers available in the market.
PEPE skilled a giant worth rally earlier this month. Nonetheless, the rally appears to have died down. Wynn closing his PEPE positions could have led to the coin’s newest worth dip. In keeping with CoinGecko information, PEPE is down by 8.2% within the final 24 hours, 3.4% within the final week, and 64.9% since January 2025. Nonetheless, the memecoin remains to be up by 49.5% within the 14-day charts and 53.6% during the last month.
CoinCodex analysts are additionally fairly bearish on PEPE. The platform anticipates the asset to fall to $0.000004471 on Jan. 26, 2026. Dipping to $0.000004471 from present worth ranges will entail a correction of about 26.85%.
