Pepe, the memetic cryptocurrency, faces a series of challenges as its main Telegram channel experiences unauthorized access and a prominent social media account associated with the project falls into the hands of alleged scammers. While the original PEPE team claims hacking, the current account owner suggests internal disagreements within the team.
Community sentiment is shifting as concerns about authenticity and investment opportunities arise.
The compromised Telegram channel, once a major communication platform for Pepe enthusiasts, now urges the community to help shut it down and establish a secure alternative. On another social media platform, "LordKekLol" is now controlled by potentially malicious individuals promoting scams and misleading investors.
The authenticity of information from these channels is questioned by community members, leading to caution and calls for verification. Pepe's coin value has dropped by over 3%, exacerbated by significant sell-offs and project contributors reportedly dumping a large amount of PEPE on a centralized exchange.
Pepe has a high chance of going to zero this time, currently about $280+ million marketcap, losing a single whale will send them down to earth.
Not financial advice.
