Pepe's official website has fallen victim to a sophisticated malware that can swiftly drain visitors' wallets. A renowned cybersecurity firm has flagged this dire breach, sparking fears of a potential PEPE price collapse. Dive into the unfolding crisis threatening the entire frog-themed memecoin ecosystem.
Cybersecurity firm Blockaid has just revealed the presence of particularly dangerous malicious code on the official Pepe website. This software, known as Inferno Drainer, represents a serious threat to all PEPE holders who visit the platform. The code activates automatically as soon as a user connects their wallet, allowing attackers to drain funds instantly.
In an official statement to Cointelegraph, Blockaid specified the technical nature of this attack: “This is a front-end compromise, where users are redirected to a fake site that injects malicious code to drain wallets.” This drainer family is already known to blockchain security experts, making the attack all the more concerning. The malware automatically downloads onto visitors’ devices and executes without requiring any additional action on their part.
To avoid losing your funds, you need to purchase a cold wallet, such as a Ledger. And during Black Friday, Ledger is offering 50% off or up to $90 in BTC. Take advantage of this offer to secure your PEPE or give a gift to your loved ones:
The lack of rapid response from the PEPE development team constitutes a major negative signal for investors. In the crypto sector, a team’s ability to manage security crises often determines a project’s long-term survival. The prolonged silence in the face of this compromise raises legitimate questions about the memecoin’s governance.
However, the technical structure of the PEPE token allows it to avoid the catastrophic scenario of collapsing to zero. The token’s smart contract has not been compromised, meaning the underlying code remains intact and functional. Only the front end of the official website has been hacked, a crucial technical nuance for assessing real risks. Tokens already in circulation are not directly threatened by this attack, unlike the funds of website visitors.
Nevertheless, the impact on investor confidence remains considerable. Memecoins essentially rely on community engagement and market sentiment. A security breach of this magnitude can create widespread panic and trigger waves of massive sell-offs, regardless of technical fundamentals.
PEPE’s price has been under intense bearish pressure since the beginning of 2025, with a dramatic drop of more than 75% of its valuation. This catastrophic performance comes within a broader context of market rejection of memecoins, despite the favorable period observed between May and October last year. The general sentiment of investors has significantly deteriorated regarding this category of speculative assets.
On a technical level, PEPE is sitting on crucial support, right at the bottom of its massive weekly Order Block. If it loses this support at $0.0000039, it will go down to $0.0000015, representing a potential loss of 60%.
Trading volumes remain particularly low, reflecting a gradual disengagement of the community. This market apathy, combined with the recent hack, creates an unfavorable technical environment for any significant recovery. Professional traders are closely monitoring the $0.0000035 to $0.0000039 level, which represents the last line of defense before a bearish acceleration toward price zones unexplored in several months.
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Charles Ledoux is a Bitcoin and blockchain technology specialist. A graduate of the Crypto Academy, he has been a Bitcoin miner for over a year. He has written numerous masterclasses to educate newcomers to the industry and has authored over 2,000 articles on cryptocurrency. Now, he aims to share his passion for crypto through his articles for InvestX.
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