2 days ago
TL;DR PEPE has fallen out of people’s scope in recent months due to the declining interest in meme coins, but there’s a compelling development involving the token, according to Lookonchain. Following a double-digit price resurgence over the past week, analysts are eyeing a further recovery due to the formation of a W pattern. 5 wallets spent $4.28M to buy 611B $PEPE in the past 8 hours. All 5 wallets withdrew $ETH from #Tornado ~15 days ago—possibly linked to a hacker. Are hackers buying $PEPE ? Address: 0x5D058264e34e27eE1b4f852216Dc4AFC7c320e25 0x53abA3F792d6c8097a7169C8916B1C3f7975f5ed… pic.twitter.com/8yUdFsUBVA — Lookonchain (@lookonchain) April 16, 2025 Lookonchain informed that five wallets had spent nearly $4.3 million in the span of just 8 hours to accumulate more than 610 billion PEPE tokens. Interestingly, the on-chain analytics tool said the addresses withdrew ETH from Tornado Cash, which is typically used by fraudsters and hackers to mix funds, two weeks ago. PEPE, currently the third-largest meme coin with a market cap of roughly $3 billion, was among the biggest price gainers after the US elections, skyrocketing from $0.00001 to an all-time high of $0.000028 in early December amid growing user adoption as well as a large number of exchanges listing it. Its price, alongside the rest of the meme coin niche, has experienced a severe downfall, currently trading 75% away from the peak even though it’s up by 13% on a weekly scale. Moreover, its popularity took a hit after the launch of Donald Trump’s TRUMP meme coin, which had surpassed PEPE in terms of market cap after its release, and FARTCOIN, which has registered massive gains lately. After several painful months, though, analysts have become bullish on the asset’s future price trajectory. BOBO informed that PEPE has printed a ‘clear double bottom “W” pattern across multiple lows,’ which could suggest a major trend reversal if it clears the significant resistance at $0.000009 – 25% away from the price today ($0.0000071). Remember when everyone was hyped about $PEPE ? On the higher time frame, $PEPE has now landed on weekly support — and it’s printing a clear double bottom “W” pattern across multiple lows If price can break out from here, it could confirm a major trend reversal. That would be… pic.twitter.com/4eHxhI3rwM — BOBO (@BOBOObtc) April 15, 2025 Bitcoinsensus noted that PEPE moves in mini cycles, and the next one to the upside is expected in August 2025. The analyst set a target of $0.00009, which would mean a mindblowing surge of over 1,100% from current levels. The post Interesting Hacker Activity With PEPE Amid Bullish Price Predictions appeared first on CryptoPotato .
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Braiscompany $190,000,000 Crypto Ponzi Scheme Lands Mastermind a 128-Year Jail Sentence: Report
The leaders of a Brazilian crypto Ponzi scheme have reportedly been handed a combined sentence of over 170 years behind bars. According to a new report , the three leaders of Braiscompany, which perpetrated the scheme, were sentenced for defrauding investors out of nearly $190 million, or $1.1 billion Brazilian Reals. The report says the company’s main operator, Joel Ferreira de Souza, was handed a sentence of 128 years behind bars, while the other two perpetrators, Gesana Rayane Silva and Victor Augusto Veronez de Souza, were given sentences of 28 and 15 years, respectively. According to authorities, the trio promised “exorbitant” returns on the crypto investments of their victims in order to initially get their funds and engaged in money laundering. Ferreira de Souza was found to be controlling crypto portfolios through third parties, as well as using shell companies to facilitate his crimes. He was convicted of 11 counts of money laundering, while Reyane Silva, the firm’s broker, was found responsible for intermediating financial transactions and transporting funds. De Souza, Joel’s son, was also found guilty of being involved with one of the companies involved in the illegal transactions. The judge in the case said that proceeds from the scam should go directly to the government. However, Artêmio Picanço – the lawyer representing the victims of Braiscompany – argued on one of his social media accounts that the fund should go directly to the victims. Follow us on X , Facebook and Telegram Don`t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Generated Image: Midjourney The post Braiscompany $190,000,000 Crypto Ponzi Scheme Lands Mastermind a 128-Year Jail Sentence: Report appeared first on The Daily Hodl . Crypto Potato
