Deep Dive
1. Adventure Airdrop Final Push (Bullish Impact)
Overview:
The ongoing $ALICE Adventure Airdrop entered its "Hollow Wave" phase on 25 November 2025, distributing 100,000 ALICE tokens (~$23,800 at current prices) via in-game tasks. This follows July’s 500,000 ALICE airdrop, which drove over 60,000 participants.
What this means:
Airdrops incentivize gameplay and token retention, temporarily reducing sell pressure as users hold ALICE to qualify for rewards. The 74% spike in 24h trading volume aligns with players accumulating tokens for eligibility. However, post-airdrop sell-offs remain a risk once rewards are claimed.
What to look out for:
Completion metrics for the final airdrop wave (200,000 ALICE) expected in December 2025.
2. Pudgy Penguins Collaboration (Mixed Impact)
Overview:
MyNeighborAlice integrated 8,888 Pudgy Penguins NFTs on 17 July 2025, allowing holders to hatch eggs in-game. Pudgy’s community (1.2M+ Twitter followers) brings cross-ecosystem exposure.
What this means:
NFT interoperability attracts collectors and diversifies utility, but the impact is muted by aging news (4.5 months old). Recent price action likely reflects residual hype from the 20 November reminder tweet about “Pudgy Land” in-game.
3. Technical Indicators Hint at Stabilization (Neutral)
Overview:
- RSI (7-day): 50.62 (neutral, no extreme buying/selling)
- MACD Histogram: Turned positive (+0.0013849) for the first time in 30 days.
- Key resistance: $0.289 (50% Fibonacci retracement of 2025 swing high/low).
What this means:
While indicators suggest short-term bullish momentum, ALICE remains below its 30-day SMA ($0.2505) and 200-day SMA ($0.3665), signaling longer-term bearish dominance.
Conclusion
ALICE’s minor gain reflects airdrop-driven engagement and niche NFT partnerships rather than fundamental shifts. The token remains 87% below its all-time high, with macro headwinds in play (crypto Fear & Greed Index at 27).
Key watch: Can ALICE hold above $0.24 (current pivot point) if the final airdrop wave concludes with minimal sell pressure?