The PEPE official website was actually 'taken down' by hackers, and visitors were directly redirected to a malicious phishing link. This is no small matter! Security company Blockaid has confirmed that the attacker embedded a professional scam tool called Inferno Drainer on the website's frontend.

Don't think this is just an ordinary hacker causing chaos; this is the first super risk exposed by the Meme market! It's not that hackers are too powerful, but the Meme track itself is weak and vulnerable, with no audits and no protections, it's simply a 'cash machine' for hackers. Today it's PEPE under attack, tomorrow it could be any popular project on the chain that suffers.

First, why is this attack so severe? Because it is 'front-end hijacking', not a vulnerability on-chain.

It's fine if there are problems on-chain, as the data is public and transparent, and can be traced. But if the front end is hijacked, it’s disastrous:

The project website's display layer was hacked, and the attacker can put anything they want. Malicious scripts can be injected at will, and users will be automatically redirected to malicious links upon visiting. Wallets may be authorized unknowingly, and money can just vanish like that. Recovering losses will be difficult, so retail investors should be cautious!

Many retail investors believe that 'no signature means no risk'; this thinking is too naive. There are many front-end attack methods, such as pop-ups that force you to sign automatically, enticing you to connect wallets, injecting authorization commands, hijacking sessions, forging authorization requests, and even injecting phishing RPCs. This time, they used Inferno Drainer, which is a veteran; it has already stolen tens of millions of dollars in assets.

Second, why has PEPE become the target of attacks?

Because it is the 'traffic bearer' of the Meme sector. Attackers specifically target popular projects, and PEPE just fits the criteria: large traffic, many retail investors, strong FOMO emotions, low security awareness, and a front end that is easy to overlook. Recently, the Meme sentiment has revived, and attackers love this rising heat and relaxed security environment; it's simply a great opportunity for harvesting. PEPE is just the selected breakthrough point, and other projects need to be cautious.

Third, why do we say this is a 'structural risk' in the Meme market?

The logic of Meme coins is decentralized emotions combined with a centralized front-end entry. No matter how decentralized it is on-chain, the official website, documents, and interface pages are still centralized. Once the front end is compromised, the Meme coin is essentially half-paralyzed. The attackers are not just trying to steal money; they also want to leverage traffic from PEPE to amplify their influence, create chaos, and generate a trust crisis. Once a trust crisis forms, retail investors panic, the community shakes, and price volatility increases, leading to a decline in the overall value of Meme. The attackers could be competitors, trading teams, or even speculators; this is the true soft spot of the Meme sector.

Fourth, will this incident affect the PEPE market? It will in the short term, but not in the long term.

In the short term, it will certainly be affected. On-chain transaction volume may decrease, and new users may be hesitant to engage, causing panic due to news. However, in the long run, the attack occurred on the front end, and the contract layer was not affected. The core value of Meme lies in community consensus, not the official website. The founder of Dogecoin has left, yet the price is still rising. The PEPE website being hacked does not mean PEPE has collapsed, but the team's public relations, repairs, and transparency will affect future trends.

Fifth, I think:

This PEPE incident sounds a security alarm for the entire Meme market. The value of Meme relies on emotions, and emotions fear uncertainty the most. An attack on the official website is the biggest source of uncertainty. Front-end attacks are harder to detect than on-chain attacks, and users are more likely to fall victim. Retail investors' awareness of security is not strong enough, and such attack methods will become more frequent in the future, making Meme projects easy targets. Such incidents are most common in the early stages of a bull market, as attackers like to target retail investors when the market hasn’t yet risen. If the PEPE team repairs quickly, it could wash away a batch of weak hands and panic sellers, which would be a good thing.

In a word: this is not a sign of PEPE's collapse, but a sign of the maturity of the Meme market. The bigger and hotter the project, the easier it is to attack. The truly dangerous Meme is one that no one is willing to attack.

In terms of layout direction, I will guide everyone to aim for the high-profit opportunities of altcoins, expecting to double is not a problem, and enterthe chat room, brothers who haven't boarded yet should hurry up and get on board.#加密市场观察