- PEPE memecoin’s price rose 4.46% despite its website being hacked.
- Technical indicators point to PEPE gaining momentum amid strong trading volume.
- Retail and institutional interest support the memecoin’s advance within broader market trends.
The Pepe memecoin has seen a notable price increase today despite a serious security breach after the project’s official website was hacked.
The token is currently trading around $0.000004898, up 4.46% over the past 24 hours.
Although the website exploit has not immediately derailed trading and retail interest remains intact—fueled in part by technical momentum and continuing enthusiasm for high-beta memecoins—analysts warn that gains could quickly evaporate if the breach is not addressed.
Technical momentum lifts Pepe memecoin price
From a technical standpoint, PEPE recently rose above its 7-day simple moving average (SMA) at $0.0000045579 and its 30-day exponential moving average (EMA) at $0.0000051095.
These technical moves are supported by a positive MACD histogram and the main MACD line crossing above the signal line, signaling bullish momentum.
Additionally, the relative strength index (RSI) sits at 47.08, indicating there is still room for upside before the token becomes overbought.
As the bullish case builds, short-term traders have interpreted these signals as an opportunity to enter positions, which has helped lift trading volumes.
Over the past 24 hours, PEPE recorded roughly $381.5 million in volume, a 26% increase versus the prior day.
Traders should closely watch resistance at the 23.6% Fibonacci level near $0.0000057928, which could determine the next potential target if momentum continues.
Memecoin enthusiasm and market sentiment
PEPE’s rally aligns with broader memecoin trends, with other assets also posting double-digit gains.
The Altcoin Season Index, currently stuck at 21, underlines increased risk appetite among crypto participants.
Institutional sentiment has also played a role. Statements from major financial players—such as remarks highlighting stablecoins’ market influence and recommendations for modest crypto allocations—have bolstered wider market confidence.
Security breach casts a shadow over PEPE
The hack of Pepe’s website, identified by cybersecurity firm Blockaid, involved a front-end attack that 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 used a toolkit known as Inferno Drainer, commonly employed for phishing, wallet draining and social engineering.
Users are strongly advised to avoid interacting with the compromised website until the security issues are resolved.
Although the leak has not yet halted PEPE’s price advance, it highlights the persistent risks in the crypto space.
Analysts note that maintaining levels above $0.000000500 will be critical to supporting further gains.