Pepe Coin Faces Volatility Amid Whale Activity and Security Breaches
Over the past 72 hours, Pepe Coin (PEPE) has experienced significant fluctuations, largely driven by whale activity and ongoing security concerns. On the positive side, a whale recently purchased nearly 293 billion PEPE tokens, worth approximately $2.17 million, sparking speculation of a potential price surge . As a result, PEPE’s price has hovered around $0.00000747, with technical indicators suggesting that if this support level holds, the price could rally by 20%, reaching as high as $0.000009​( Coinpedia Fintech News )​( CryptoNews ).
However, the memecoin has also faced challenges, including two security breaches in recent weeks. The first involved rogue team members moving $16 million worth of PEPE tokens, raising concerns of a potential rug pull and leading to a 30% price drop. The second breach occurred when an anonymous hacker compromised the project’s official Telegram channel, further damaging investor confidence​( Cointelegraph ).
Read More: https://onthenode.com/cryptocurrency/pepe-coin-faces-volatility-amid-whale-activity-and-security-breaches
Over the past 72 hours, Pepe Coin (PEPE) has experienced significant fluctuations, largely driven by whale activity and ongoing security concerns. On the positive side, a whale recently purchased nearly 293 billion PEPE tokens, worth approximately $2.17 million, sparking speculation of a potential price surge . As a result, PEPE’s price has hovered around $0.00000747, with technical indicators suggesting that if this support level holds, the price could rally by 20%, reaching as high as $0.000009​( Coinpedia Fintech News )​( CryptoNews ).
However, the memecoin has also faced challenges, including two security breaches in recent weeks. The first involved rogue team members moving $16 million worth of PEPE tokens, raising concerns of a potential rug pull and leading to a 30% price drop. The second breach occurred when an anonymous hacker compromised the project’s official Telegram channel, further damaging investor confidence​( Cointelegraph ).
Read More: https://onthenode.com/cryptocurrency/pepe-coin-faces-volatility-amid-whale-activity-and-security-breaches
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