- PEPE memecoin’s price rose 4.46% despite its official website being compromised.
- Technical indicators point to bullish momentum for PEPE amid strong trading volume.
- Retail interest and institutional sentiment are supporting the memecoin’s rally within broader market trends.
Pepe memecoin experienced a notable price increase today, even after a serious security incident involving the hacking of its official website.
The token is currently trading at approximately $0.000004898, up 4.46% over the past 24 hours.
Although the website exploit did not halt trading and retail investors continue to show interest—partly driven by technical signals and ongoing appetite for high-beta memecoins—analysts caution that recent gains could be wiped out if the security breach is not promptly addressed.
Technical momentum lifts Pepe’s price
From a technical perspective, PEPE recently moved above its 7-day simple moving average (SMA) at $0.0000045579 and its 30-day exponential moving average (EMA) at $0.0000051095.
These moves are supported by a positive MACD histogram and the MACD main line crossing above the signal line, signaling bullish momentum.
Additionally, the relative strength index (RSI) sits at 47.08, indicating the token still has room to climb before entering overbought territory.
As bullish potential builds, short-term traders have interpreted these signals as an opportunity to open positions, contributing to higher trading activity.
Over the last 24 hours, PEPE recorded roughly $381.5 million in volume, an increase of about 26% compared with the prior day.
Traders should monitor resistance near the 23.6% Fibonacci level at $0.0000057928, which could define the next potential target if momentum continues.
Memecoin enthusiasm and market sentiment
PEPE’s rise aligns with broader memecoin trends, as other high-volatility tokens have also posted double-digit gains recently.
Measures of market risk appetite, such as altcoin season indicators, show increased enthusiasm among crypto participants.
Institutional sentiment has also played a role: statements from major financial players acknowledging the market impact of stablecoins and recommendations from large banks for modest crypto allocations have helped bolster overall market confidence.
Security breach casts a shadow over PEPE
A front-end attack on the Pepe memecoin website was identified by cybersecurity firm Blockaid. The breach redirected users to malicious links.
🚨Blockaid’s system has identified a front-end attack on @pepecoineth.
The sites contain a code of inferno drainer. pic.twitter.com/ugor0Um1jU
— Blockaid (@blockaid_) December 4, 2025
The attack employed a toolkit known as Inferno Drainer, commonly used for phishing, draining wallets and social-engineering scams.
Users are strongly advised to avoid the compromised website until the security issues are fully resolved.
While the breach did not derail PEPE’s price increase, it underscores the ongoing risks present in the crypto ecosystem.
Analysts note that maintaining levels above $0.00000500 will be important to preserve the current bullish setup.