Pepecoin (PEPE) Soars By 36% Post WazirX Cyber Attack

The crypto market is reeling from a recent hack on India’s largest cryptocurrency exchange, WazirX. This breach has sent shockwaves through the market

The recent hack on India’s largest cryptocurrency exchange, WazirX, has sent shockwaves through the market, impacting prominent altcoins such as Shiba Inu (SHIB) and Pepecoin (PEPE).

Amid the turmoil, the DTX Exchange’s presale has touched its million-dollar milestone, attracting PEPE & SHIB investors who seek cover.

Pepecoin (PEPE) Soars By 36% Post WazirX Cyber Attack

Pepecoin (PEPE) has seen a massive price surge of 36.06% over the past seven days, currently trading at $0.000011. Despite the recent uptick, Pepecoin (PEPE) has been significantly impacted by the WazirX hack. The hacker managed to steal 640.27 billion PEPE, contributing to a substantial sell-off in the market.

This massive liquidation has created a volatile trading environment, pushing the market cap to $4.8 billion and generating a trading volume of $879.13 million in the last 24 hours. Despite these challenges, Pepecoin (PEPE)’s market indicators suggest a potential rebound.

Pepecoin (PEPE)’s MACD level is −0.000, and the RSI is 54.65, indicating that Pepecoin (PEPE) is neither overbought nor oversold.

Shiba Inu (SHIB) Marketing Lead Addresses Investors

Shiba Inu (SHIB), another popular meme altcoin, has also been hit hard by the WazirX hack. The hacker stole 5.43 trillion SHIB and sold it for 26,535 ETH, equivalent to $92 million. This massive sell-off has caused Shiba Inu (SHIB)’s price to plummet by approximately 11%, distancing it further from the $0.00002 level.

The price drop has created a wave of panic among the Shiba Inu (SHIB) army, with many investors fearing further declines. However, Shiba Inu (SHIB)’s marketing lead ‘Lucie,’ has urged the community to remain calm. She emphasized that the market’s reaction was not as severe as it seemed.

This pointed out that significant market makers like Wintermute had purchased Shiba Inu (SHIB) from decentralized exchanges (DEXes) and transferred them to centralized exchanges for arbitrage. This strategic move suggests that the market may stabilize soon as institutional investors capitalize on the current low prices.

DTX Exchange Breaks Out As The Best Presale Of 2024

As Shiba Inu (SHIB) and Pepecoin (PEPE) grapple with the fallout from the WazirX hack, the DTX Exchange has been thrust into the spotlight for its encrypted security features and transparent trading environment. Leveraging L1 blockchain technology, the DTX protocol ensures that all transactions and order book data are immutable and transparent.

This level of security and transparency is critical in restoring investor confidence, especially in light of recent events. DTX Exchange operates on a non-custodial basis, which allows users to retain control of their private keys and funds. This approach eliminates the risk of potential hacks or mismanagement, providing a safer alternative for traders.

The platform’s high-performance architecture is designed for scalability, enabling it to handle high-volume transactions and users simultaneously without compromising speed or efficiency. This makes DTX Exchange attractive for traders seeking a reliable and secure hybrid trading platform.

Crypto Whales Pump DTX: Presale Crosses $1 Million

The DTX Exchange presale has shown mind-blowing growth, raising millions in a private seed round and more than $100k in a public presale. To date, over $1 million has been raised in presales, with more than 10 million tokens sold. Currently, DTX tokens are trading at $0.04 per token, with the price expected to increase to $0.06 in the next round.

This rapid growth shows the platform’s potential and the increasing interest from investors. Looking ahead, the DTX Exchange aims to enhance liquidity by integrating distributed liquidity pools, allowing traders to execute orders with minimal slippage and at competitive prices. DTX’s decentralized nature supports financial inclusion by removing geographical limitations.

As the crypto market overcomes the challenges posed by security breaches and market volatility, the DTX Exchange is proving to be a safe and secure investment opportunity. Now is the best time to join its presale as it’s halfway through before the token prices jump to $0.06.