Website Attack and Immediate Market Reaction
The official website of the Pepe memecoin experienced a front-end attack that redirected users to malicious links, as identified by cybersecurity firm Blockaid on October 11. This incident occurred concurrently with a 4% price increase for the Pepe token.
The attack highlights persistent security concerns within the cryptocurrency space and underscores the importance of user vigilance. Despite the exploit, Pepe's token price showed no immediate adverse reaction.
Details of the Frontend Breach
The Pepe memecoin's official website has been subjected to a front-end breach. Cybersecurity firm Blockaid detected that attackers are redirecting users to malicious URLs that contain "Inferno Drainer" scam tools. Blockaid characterizes Inferno Drainer as a comprehensive suite of scam tools utilized by threat actors. This suite includes phishing templates, wallet-draining code, and social engineering components. Blockaid strongly advises users to avoid interacting with the website until the threat has been neutralized.
Despite the ongoing attack, the price of the Pepe token has not experienced a negative impact in the short term. Instead, market data indicates a 4% increase in its value. However, users have been strongly advised to exercise caution and refrain from engaging with the site.
Responses from the cryptocurrency community have largely consisted of warnings shared across various community forums and social media platforms. Blockaid has not yet reported any additional involvement from prominent crypto figures or regulatory bodies in addressing this specific incident.
Market Stability and Analyst Perspectives
Front-end attacks that target wallets and approvals are a recurring issue. Historically, such attacks have affected a wide array of DeFi and NFT projects, illustrating the continuous risks present in Web3 environments.
As of December 4, 2025, Pepe (PEPE) has a market capitalization of 2,014,575,503.71 and holds a market dominance of 0.06%, according to data from CoinMarketCap. The token's 24-hour trading volume was $389,329,532.22, although this figure indicates a declining trend, down by -17.16%. PEPE's price movements have been varied, with a slight 24-hour dip of -0.59%, a moderate 7-day rise of 1.75%, and more significant declines of -14.72% over 30 days and -51.11% over 60 days. The maximum supply of PEPE is currently circulating.
The Coincu research team suggests that this security breach may prompt a renewed emphasis on strengthening cybersecurity protocols within the sector. Such events underscore the critical need for ongoing vigilance to protect crypto assets from sophisticated phishing operations and wallet-draining scams.