Hacker-Linked Wallet Activity Spurs Bullish Signals for PEPE

Five wallets recently spent nearly $4.3 million over an eight‐hour period to buy over 610 billion PEPE tokens, raising eyebrows as these funds were withdrawn from Tornado Cash weeks earlier—often a tool for obfuscating illicit activity. Despite a general decline in meme coin hype, PEPE, the third-largest meme coin by market cap (approximately $3 billion), is showing signs of potential recovery. Analysts have identified a clear double bottom 'W' pattern across multiple lows, suggesting that a breakout from resistance at $0.000009 (about 25% above current levels at $0.0000071) could signal a major trend reversal. In addition, Bitconsensus has highlighted that PEPE tends to move in mini cycles; the next upward phase is anticipated in August 2025 with a target price of $0.00009—a surge of over 1100% from current figures. This technical indication, combined with unusual wallet activity possibly linked to hacker behavior, presents a complex picture of renewed bullish momentum alongside potential volatility.