Pepe Website Exploit Warning Pressures Meme Coin Price in Ongoing Dip

TLDR:

• Blockaid flagged a front-end exploit on pepe.com involving Inferno Drainer code during a volatile trading period.
• Pepe traded near $0.0000049 with a bearish reading of 84 percent according to Changelly’s data.
• The memecoin dropped 13.85 percent this month even as CoinGecko showed a short weekly rebound.
• The website alert and recent price dip placed renewed pressure on market sentiment surrounding PEPE.
  

---

Pepe traders received a fresh security warning after Blockaid flagged a front-end attack on the project’s official website. The alert pointed to embedded Inferno Drainer code capable of redirecting users toward phishing malware. 

The notice surfaced as the memecoin continued to trade lower over the past month. The drop also followed a period of heightened volatility across the broader market.

Pepe Price Trends as Trading Conditions Shift

Pepe traded near $0.0000049, according to Changelly blog’s data. 

The platform reported a bearish market reading of 84 percent, with the Fear and Greed Index showing 26. The coin also posted 13 green sessions in the last 30 days, reflecting uneven activity. Price volatility reached 13.15 percent, pointing to choppy conditions for traders.

Changelly’s data showed a 13.85 percent monthly decline that cut about $0.0000007 from the token’s value. The slide placed the asset in a marked dip, although short-term price behavior showed pockets of recovery. 

CoinGecko data indicated an upward move over the past seven days despite a weaker 24-hour performance. The weekly strength suggested traders continued searching for entry points during the broader downturn.

Pepe’s price on CoinGecko

Pepe remained active across social metrics as attention returned to large-cap memecoins. 

Trading flows shifted quickly through the week as volume adjusted to the market’s mixed sentiment. The coin’s recent patterns underscored how fast liquidity rotated across the sector.

Security Alert Puts Spotlight Back on Project Website

Blockaid warned that the official pepe.com front end contained code tied to Inferno Drainer. 

The scanner categorized the incident as a medium-severity exploit detected on December 4 at 4:05 PM. The toolkit has been tied to more than $80 million in losses since 2023 according to multiple security trackers. The alert did not include additional project-side details as of December 5.

The incident added friction for traders already navigating a weak monthly chart. Market conditions remained reactive as users monitored updates from the project’s account. 

Activity surrounding the website saw increased scrutiny after Blockaid’s notice circulated on social platforms. The combination of a price pullback and a security alert kept the token under close watch.

Pepe’s market behavior continued to shift throughout the week as traders balanced technical signals with security concerns.

Price levels reflected the ongoing pressure even as short-term charts showed intermittent strength. The coming sessions were expected to draw heavier attention to liquidity and risk thresholds.

The post Pepe Website Exploit Warning Pressures Meme Coin Price in Ongoing Dip appeared first on Blockonomi.