- Pepe memecoin price rises 4.46% despite its website being hacked.
- Technical indicators point to bullish momentum for PEPE amid elevated trading volume.
- Retail and institutional interest support the memecoin’s upswing within broader market trends.
The price of the Pepe memecoin climbed notably today despite a serious security incident after the official site 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 disrupted memecoin trading and the token continues to attract retail investors — helped by technical momentum and sustained interest in high-beta memecoins — analysts warn that gains could be erased quickly if the exploit goes unresolved.
Technical momentum lifts Pepe memecoin 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 technical moves are reinforced by a positive MACD histogram and the MACD main line crossing above the signal line, suggesting bullish momentum.
Additionally, the relative strength index (RSI) sits at 47.08, implying the token still has room to rise without becoming overextended.
As the bullish case developed, short-term traders interpreted these signals as an entry opportunity, contributing to increased trading volumes.
Over the past 24 hours, PEPE recorded roughly $381.5 million in volume, a 26% increase from the previous day.
Traders should closely watch resistance near the 23.6% Fibonacci level at $0.0000057928, which could mark the next potential target if momentum persists.
Memecoin enthusiasm and market sentiment
PEPE’s rally takes place within broader memecoin trends, as other assets have also posted double-digit gains.
The altcoin season index, currently at 21, further highlights increased risk appetite among crypto participants.
Institutional sentiment has also played a role. Comments from major financial players—such as recognition of stablecoins’ market influence by large asset managers and recommendations from some institutions for modest crypto allocations—have helped bolster broader market confidence.
Security breach casts a shadow over PEPE
The Pepe memecoin website hack, identified by cybersecurity firm Blockaid, involved a front-end attack redirecting 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 the compromised site until security issues are fully resolved.
While the breach has not yet halted PEPE’s price advance, it underscores ongoing risks in the crypto sector.
Analysts note that maintaining the current level above $0.00000500 will be crucial to preserving the bullish setup.