5 Mysterious Wallets Just Snapped Up 611 Billion PEPE – Is a Pump Coming?

Junior Content Creator

Harvey Hunter

Junior Content Creator

Harvey Hunter

About Author

Harvey Hunter is a Junior Content Creator at Cryptonews.com. With a background in Computer Science, IT, and Mathematics, he seamlessly transitioned from tech geek to crypto journalist.

Author Profile

Share

Copied

Ad Disclosure

Ad Disclosure

We believe in full transparency with our readers. Some of our content includes affiliate links, and we may earn a commission through these partnerships. However, this potential compensation never influences our analysis, opinions, or reviews. Our editorial content is created independently of our marketing partnerships, and our ratings are based solely on our established evaluation criteria. Read More

Last updated: 

April 16, 2025

Why Trust Cryptonews

Cryptonews has covered the cryptocurrency industry topics since 2017, aiming to provide informative insights to our readers. Our journalists and analysts have extensive experience in market analysis and blockchain technologies. We strive to maintain high editorial standards, focusing on factual accuracy and balanced reporting across all areas - from cryptocurrencies and blockchain projects to industry events, products, and technological developments. Our ongoing presence in the industry reflects our commitment to delivering relevant information in the evolving world of digital assets. Read more about Cryptonews

5 wallets with suspected hacker ties have purchased $4.28 million in Pepe tokens following its 25% late-week rally to $0.0000077, affirming its place as an altcoin front-runner.

Risk-on sentiment had returned with Trump’s 90-day tariff pause, and meme coins have been soaking up fresh retail liquidity. This sizable purchase could signal a calculated buy-the-dip move.

Pepe is still down 70% from its pre-tariff war levels just over two months ago—a potential reference point for a reversal that places it among the best cryptos to buy right now.

Are Hackers Opting to Buy Pepe?

Blockchain analytics firm Lookonchain flagged the $4.28 million Pepe purchase in an April 17 X post, pointing to suspicious wallet activity linked to the transactions.

According to the post, the wallets involved had previously withdrawn Ethereum from Tornado Cash, a crypto mixer used to obscure the source of crypto transactions.

While created as a privacy tool, hackers often use these mixing services to launder stolen assets through decentralized exchanges.

PEPE Price Analysis: Are the Supposed Hackers Expecting a Pump?

The acquisition follows a substantial technical development with the breakout of the descending wedge that has guided its 4-month decline.

If buying pressure holds, the pattern projects a potential move toward $0.00002—an impressive 168% gain from current levels.

In the near term, however, the meme coin may first test February’s high of $0.00001, a 40% climb from here, as momentum indicators paint a mixed picture.

The Relative Strength Index (RSI) continues to rise toward the neutral line after lingering near oversold levels for much of the past month—signaling waning selling pressure.

More so, the MACD remains above the signal line despite broader market headwinds, indicating the uptrend may have staying power.

That said, PEPE is facing resistance at the 20SMA. If bulls can’t clear this level, a pullback toward the support zone that catalyzed the breakout may be needed to find stronger footing.

This ICO Helps Find 100x Cryptos Using AI

Those who hopped on the 25% Pepe price rally late now find themselves exposed to potential unrealized losses—strategic plays are essential with the market under heavy FUD.

That’s where MIND of Pepe ($MIND) steps in, giving traders a chance to get in early and stay ahead of high-gaining opportunities.

The Mind of Pepe AI will actively engage with the crypto community through X—driving conversations, uncovering alpha opportunities, and delivering exclusive, token-gated insights.

Inside its Telegram community, holders get early access to high-potential tokens before they hit the market, keeping them ahead of the curve.

At the time of writing, MIND has raised over $8 million in its ongoing presale, capitalizing on the Pepe brand and one of this cycle’s strongest meme coin narratives: AI agents.

You can keep up with MIND of Pepe on the mentioned socials, or join the presale on the MIND of Pepe website.