A user lost $6.5 million in crypto after unknowingly purchasing a compromised cold wallet through TikTok China. In a recent post on X, blockchain security firm SlowMist reported that a user lost $6.5 million worth of crypto after purchasing a…

User loses $6.5m in crypto after buying tampered cold wallet via TikTok China

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Taking a closer look at PEPE recent movement, Crypto Man MAB noted that the 
token is now trading at $0.00001115, marking a 2.67% uptick in the short term. 
While the price increase may offer a glimmer of hope for bulls, he emphasized 
that the 4-hour chart still paints a broader picture of decline. Volume Spikes 
Tell A Story, But The Trend Stays Bearish According to Crypto Man MAB, PEPE’s 
24-hour trading volume stands at 12.97 trillion tokens, valued at around 
$143.83 million. He describes this activity as moderate, suggesting that while 
the market isn’t entirely quiet, it lacks the energy typically seen during 
strong bullish moves. Related Reading: PEPE Shows Strength With A Firm Grip 
Above This Key Support Zone MAB also highlighted the behavior of the Volume 
Simple Moving Average (SMA), which has shown several notable spikes. These 
bursts of activity indicate temporary surges in trader interest, likely 
sparked by brief price fluctuations or speculative moves. However, the overall 
volume trend remains in line with the broader decline in price. This volume 
reflects cautious participation, with traders seemingly waiting on the 
sidelines for clearer signals before committing more heavily. When it comes to 
price trends, the numbers speak clearly. Over the past seven days, PEPE is 
down 2.79%, and over the last 30 days, the decline has deepened to 15.9%. 
Despite minor recoveries, the persistent downward pressure signals a market 
struggling to build upward momentum or break free from bearish sentiment. On a 
longer time frame, the picture grows even more concerning. PEPE has dropped 
54.12% over the past 180 days, painting a tough scenario for long-term 
holders. Still, MAB points out a yearly gain of 2.67%, which, although modest, 
offers a small glimmer of strength. Key Levels Mark The Battlefield For PEPE&#8217;s 
Next Move In identifying key technical levels, the analyst pointed out that 
the recent low near $0.00001069 could serve as a short-term support zone, 
potentially offering a cushion if prices begin to drop again. This level 
reflects where buying pressure recently stepped in, making it a crucial area 
to watch. Related Reading: PEPE Bulls Regain Control As Price Stays Above 
Moving Average On the upside, the high of $0.00001133 stands out as a 
potential resistance level, where sellers previously emerged to cap the rally. 
If PEPE manages to break above this barrier with strong volume, it could open 
the door for further upside momentum. Drawing his conclusion, Crypto Man MAB 
noted that the chart indicates volatility with a bearish bias in the short 
term. However, he highlighted that the recent slight uptick in price, combined 
with higher trading volume, could suggest potential for a reversal if momentum 
continues to build. Featured image from Medium, chart from Tradingview.com

PEPE Pumps 2.67% – Is The Memecoin Preparing For A Major Rebound?

The crypto community is missing the opportunity to reimagine rather than 
transpose rulemaking for financial services. More technologists must join the 
regulatory conversation.

Crypto regulation needs more technologists and fewer suits

Cointelegraph teams up with Nansen, the leading onchain analytics platform, to 
integrate real-time blockchain data into its content, empowering millions of 
crypto investors and teams with deeper insights into DeFi, Web3 and market 
trends.

Cointelegraph joins forces with Nansen to boost crypto journalism with onchain data

RWAs are seen as one of the biggest opportunities in crypto. However, they 
also hold significant hidden risks, warns Tracy Jin, COO of MEXC.