Pepe (PEPE), the once-buzzing meme cryptocurrency, is grappling with setbacks that have cast a shadow over its future. The digital currency, which had captured the imagination of online communities, is now facing a crisis of trust following alleged security breaches and internal discord.
The first blow came when the primary Telegram channel for Pepe, a hub for nearly 45,000 enthusiasts, was reportedly compromised. The original contributors have disavowed any association with the channel and are urging the community to consider it fraudulent. This has led to a call for a new, secure platform for communication among Pepe supporters.
Adding fuel to the fire, a key social media account on X, formerly known as Twitter, has also reportedly fallen into the wrong hands. Known as “LordKekLol,” this account was once a reliable source of information for the Pepe community. However, it is now suspected of disseminating scams and misleading information, further eroding trust among investors.
Interestingly, the current handlers of the “LordKekLol” account deny any hacking and suggest that the original Pepe team is undergoing internal strife. This has led to a wave of skepticism, with community members urging caution and verification of any Pepe-related investment opportunities or announcements.
Financially, Pepe is also in a precarious position. The coin has seen a 3% drop in value, and large holders have reportedly sold off a staggering 2.3 trillion PEPE for Ethereum. Additionally, a massive dump of 16 trillion PEPE on the OKX exchange has further dented the community’s confidence.
As Pepe navigates these choppy waters, the question that looms is whether it can regain its lost glory, or if this is the beginning of the end for the once-popular meme cryptocurrency. With allegations of hacking, internal disputes, and a declining market, the digital coin is at a critical juncture, and its future remains uncertain.
The post Meme crypto Pepe’s future uncertain amid security and trust issues first appeared on Coinfea.
