$PEPE Gains Momentum Amid Strong Buying Activity, While Holder Loses $1.39M In Phishing Scam

$PEPE has been making waves recently, emerging as one of the top tokens accumulated by Smart Money (SM) and a favorite among Smart Dex Traders (SDTs) over the past 24 hours.

The recent buying volume from both groups has been notably strong, signaling increased confidence in the token’s potential.

After retesting a broken resistance level, $PEPE’s price surged over 21%, reinforcing its position as a gem among traders in the crypto space.

🔥$PEPE – Positive Signals from Smart Dex Traders (SDTs) and Smart Money (SM)$PEPE is currently one of top tokens accumulated by SM and is a Gem of SDTs in the past 24 hours.

Notably, the buying volume from SDTs and SM has been strong in recent days. After retesting the broken… pic.twitter.com/jVX3AzTziY

— iCrypto | Sentiment & On-chain Analysis (@iCryptoAI) October 14, 2024

$PEPE Holder Falls Victim Of Phishing Scam, Losing $1.39 Million 

However, amidst the bullish sentiment, a shocking incident has highlighted the risks lurking in the crypto world. A $PEPE holder recently fell victim to a phishing scam that exploited Uniswap’s Permit2 feature, a tool designed to allow users to approve multiple tokens with a single signature. The scam resulted in the loss of $1.39 million in assets, including $PEPE, MSTR, and APU tokens, which were swiftly transferred to a new address just an hour after the attack.

PEPE HOLDER LOSES $1.39M IN SHOCKING PERMIT2 PHISHING SCAM

In a staggering incident, a PEPE holder lost $1.39 million in a phishing scam that exploited Uniswap’s Permit2 feature, which lets users approve multiple tokens with one signature.

The stolen assets, including PEPE,… pic.twitter.com/8zT9eF9AL8

— Crypto Town Hall (@Crypto_TownHall) October 14, 2024

This incident serves as a harsh reminder of the growing threat of crypto scams, particularly those leveraging sophisticated features like Permit2. Users are urged to remain vigilant when signing transactions and to verify the authenticity of any approval requests. The increasing frequency of phishing scams underscores the importance of heightened security measures in safeguarding digital assets.

While $PEPE’s market activity remains positive, with strong signals from smart traders, the phishing scam is a stark cautionary tale for all crypto investors. The need for caution, especially when interacting with decentralized platforms, cannot be overstated, as the loss of assets can happen swiftly and unexpectedly.

Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.

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