The price of the PEPE memecoin has surged by 4.46% despite a significant security breach on its official website, drawing attention from both retail and institutional investors. Currently priced at approximately $0.000004898, the token continues to exhibit bullish momentum in the trading market.
Technical Momentum Boosts PEPE Memecoin Value
From a technical perspective, the PEPE token has recently surpassed its 7-day Simple Moving Average (SMA) at $0.0000045579 and its 30-day Exponential Moving Average (EMA) at $0.0000051095. These upward movements are supported by a positive reading on the MACD histogram and a crossover of the MACD line above the signal line, indicating bullish momentum.
Moreover, the Relative Strength Index (RSI) stands at 47.08, suggesting that the token has room to grow without becoming overstretched. As the bullish case strengthens, short-term traders have interpreted these signals as an opportunity to position themselves, contributing to a trading volume increase. Over the past 24 hours, PEPE has recorded approximately $381.5 million in volume, representing a 26% rise compared to the previous day.
However, traders need to closely monitor resistance observed at the Fibonacci level of 23.6% at $0.0000057928, which could define the next potential target if momentum persists.
Memecoin Enthusiasm and Market Sentiment
The PEPE rally is part of a broader trend in the memecoin sector, with other assets like Fartcoin also seeing double-digit gains. The Altcoin Season Index, currently at 21, further indicates a heightened risk appetite among cryptocurrency participants.
Institutional sentiment has also played a role, highlighted by major financial players like BlackRock recognizing stablecoins as a major market influence and Bank of America recommending a modest allocation in cryptocurrencies, which bolsters overall market confidence.
Security Breach Raises Concerns for PEPE
The hacking incident involving Pepe’s memecoin website, identified by cybersecurity firm Blockaid, included 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 utilized a suite of tools 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 resolved.
While the breach has not deterred PEPE’s price surge, it highlights ongoing risks within the cryptocurrency sector. Analysts emphasize that maintaining the current level above $0.00000500 will be crucial for sustaining the bullish setup.
John is a seasoned journalist at The Bothside News, specializing in balanced reporting across news, sports, business, and lifestyle. He believes in presenting multiple perspectives to help readers form informed opinions. His work embodies the publication’s philosophy that truth emerges from examining all sides of every story.
