Pepe memecoin price rise under pressure after website is hacked

  • PEPE memecoin price rises 4.46% despite its website being hacked.
  • Technical indicators signal a bullish momentum for PEPE amid strong trading volume.
  • Retail and institutional interest support the memecoin’s bullish momentum amid broader market trends.

Pepe memecoin price has risen significantly today despite facing a serious security incident following a hack on its official website.

The token is currently priced at approximately $0.000004898, after a 4.46% increase over the past 24 hours.

While the website exploit has not immediately affected the memecoin trading, and it continues to attract attention from retail investors driven partly by technical momentum and ongoing interest in high-beta memecoins, analysts caution that the gains could easily be wiped out if the exploit is left unattended.

Technical momentum lifts Pepe memecoin price

From a technical standpoint, PEPE recently broke above its 7-day simple moving average (SMA) of $0.0000045579 and its 30-day exponential moving average of $0.0000051095.

These technical movements are reinforced by a positive MACD histogram reading and the main MACD line crossing above the signal line, suggesting bullish momentum.

Pepe memecoin price analysis
Pepe memecoin price chart | Source: TradingView

In addition, the Relative Strength Index (RSI) is at 47.08, implying that the token still has room to move higher without being overextended.

As the bullish case builds, short-term traders have interpreted these signals as an opportunity to enter positions, which have contributed to increased trading volume.

Over the past 24 hours, PEPE has recorded approximately $381.5 million in volume, up 26% from the previous day.

However, traders should closely watch the resistance noted at the 23.6% Fibonacci level of $0.0000057928, which could define the next potential target if the momentum persists.

Memecoin enthusiasm and market sentiment

PEPE’s rally also aligns with the broader memecoin trends, as assets like Fartcoin have also recorded double-digit gains.

The Altcoin Season Index stuck at 21 also underscores an increased appetite for risk among crypto participants.

Institutional sentiment has also played a role, with statements from major financial players, including BlackRock’s acknowledgment of stablecoins as a major influence in the market and Bank of America’s recommendation for a modest crypto allocation, buoying the broader market confidence.

Security breach casts shadow over PEPE

The hack on the Pepe memecoin website, identified by cybersecurity firm Blockaid, involved a front-end attack redirecting users to malicious links.

The attack employed a suite of tools known as Inferno Drainer, commonly used for phishing, wallet draining, and social engineering.

Users are strongly advised to avoid the compromised website until the security issues are resolved.

While the breach has not depressed PEPE’s price surge, it underscores the persistent risks in the crypto space.

Analysts note that sustaining the current level above $0.00000500 will be critical to maintaining the bullish setup.

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Bitcoin ETFs extend inflow streak as BTC price nears $93K

  • Bitcoin ETFs log five days of inflows as BTC climbs back above $93K.
  • Analysts say ETF outflows overstated as broader forces drove the sellof.
  • Vanguard’s crypto ETF reversal boosts institutional demand and sentiment.

Bitcoin exchange-traded funds continued to recover this week after suffering $3.48 billion in cumulative outflows during November, their second-worst month on record.

The products notched $58 million in net positive inflows on Tuesday, marking a fifth consecutive day of additions, according to data from Farside Investors.

The modest turnaround comes as Bitcoin trades back above the $89,600 flow-weighted cost basis for ETF investors, meaning the average holder is no longer sitting on unrealised losses.

Total crypto market sentiment has also improved following a period of heavy selling that pushed Bitcoin as low as the mid-$80,000s earlier this week. Other US crypto ETFs showed weaker performance. Spot Ether ETFs recorded $9.9 million in outflows on Tuesday, while Solana funds saw $13.5 million in net redemptions, Farside data showed. At press time, the Bitcoin price on OKX was around $92,622.

Outflows are not the main driver of Bitcoin’s decline

Market anxiety around large-scale sales from spot Bitcoin ETF holders appears to have overstated their direct impact on BTC’s downturn.

Bloomberg analyst Eric Balchunas pushed back on that narrative, questioning the simplistic linkage often made between ETF outflows and price weakness.

“I just read that Citi analysts say that for every $1 billion pulled from Bitcoin ETFs, it equals roughly a 3.4% drop in Bitcoin’s price. Ok, so then by that logic, since the ETFs have taken in +$22.5b of inflows YTD BTC should be up 77% this year,” Balchunas wrote on X.

His remarks highlight the role of broader market forces,  including leverage unwinds, macro uncertainty, and digital-asset treasury pressure,  behind the recent selloff, which erased more than $1 trillion in crypto market value since early October.

Bitcoin rises to its highest level since mid-November

Bitcoin extended its recovery on Wednesday, climbing as much as 2.6% to approximately $93,965 — its highest intraday level since November 17.  Ether and other major tokens also traded higher as the broader market attempted to establish a firmer footing after weeks of turbulence.

At the time of writing, the world’s largest cryptocurrency by market capitalisation gave up some of those gains to trade around $93,000.

The bounce was attributed partly to comments from US Securities and Exchange Commission Chair Paul Atkins, who reiterated that the agency plans to introduce a new regulatory framework, including a proposed “innovation exemption,” aimed at giving digital-asset firms more flexibility around issuance, custody and trading.

The remarks were interpreted as a step toward greater regulatory certainty for the sector, which has faced a patchwork of enforcement-driven oversight in recent years.

Vanguard reversal adds fuel to institutional demand

Institutional adoption received another lift after Vanguard, the world’s second-largest asset manager, reversed its long-standing policy and announced that it would allow clients to trade cryptocurrency-focused ETFs and mutual funds on its platform.

The change, effective this week, expands access to regulated crypto exposure for millions of US investors.

The move coincided with heightened expectations that the Federal Reserve will cut interest rates next week, strengthening Bitcoin’s appeal at a time when the dollar has softened, and risk appetite is improving.

Despite the rebound, the market is still showing signs of volatility.

The cryptocurrency market has remained under pressure since late October. However, the streak of inflows could suggest that Bitcoin may manage to end the year on a positive note.

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MoneyGram taps Fireblocks for global stablecoin settlements

  • MoneyGram adopts Fireblocks for instant, low-cost stablecoin payments.
  • The partnership enhances liquidity, treasury, and multi-chain stablecoin settlements.
  • Programmable infrastructure supports real-time global money transfers.

MoneyGram has partnered with Fireblocks to enhance its global payments network using stablecoins, marking a significant step toward faster, more efficient, and real-time cross-border financial flows.

The collaboration reflects the growing role of digital currencies in mainstream finance and highlights MoneyGram’s push to modernize traditional payment systems while maintaining compliance and reliability.

Strengthening global payments with stablecoins

Through the partnership, Fireblocks will provide MoneyGram with a secure stablecoin infrastructure and a programmable settlement layer, enabling near-instant transactions across multiple blockchains.

This technology is designed to streamline the movement of funds, improve liquidity management, and optimize treasury operations, allowing MoneyGram to offer faster, lower-cost services to its customers around the world.

MoneyGram serves over 50 million people annually, connecting more than 200 countries and territories, with nearly half a million retail locations and billions of digital endpoints.

The integration of Fireblocks’ infrastructure will allow MoneyGram to move value across its vast network with enhanced efficiency while continuing to navigate complex regulatory landscapes in each market.

By leveraging Fireblocks’ capabilities, the company can consolidate its early investments in digital currency on/off-ramps, stablecoin-backed consumer features, and crypto compliance infrastructure into a scalable solution.

Anthony Soohoo, MoneyGram’s Chairman and CEO, emphasized that the partnership enables a new era of money movement, where funds can flow instantly across both fiat and stablecoin rails.

Notably, MoneyGram’s move reflects a broader trend of traditional financial institutions integrating blockchain-based solutions to modernize cross-border payments.

Soohoo noted that Fireblocks’ secure and programmable infrastructure is critical to transforming global payments at scale and meeting the growing expectations of consumers for speed, transparency, and cost efficiency.

Boosting speed and efficiency in payments

The collaboration also strengthens MoneyGram’s treasury operations, enabling real-time monitoring of liquidity, pre-funding mechanisms with partners, and streamlined reconciliation processes.

Fireblocks’ programmable settlement layer supports conditional transactions and more resilient liquidity pathways, providing MoneyGram with the flexibility to introduce new features over time without disrupting user experience or compliance protocols.

Luke Tuttle, MoneyGram’s Chief Product and Technology Officer, highlighted that the partnership is built to support both sides of the payment equation.

Senders increasingly expect faster and cheaper transfers, while receivers are holding funds longer in digital wallets and demanding instant availability of money.

Fireblocks’ infrastructure ensures that MoneyGram can meet these needs globally, providing a reliable backbone for stablecoin operations at scale.

Michael Shaulov, CEO of Fireblocks, described the collaboration as a rebuild of cross-border settlement rails in real time.

By adopting multi-chain, programmable infrastructure, the partnership enhances the speed and reliability of global payments, addressing the needs of millions of users who rely on these transfers daily.

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