Pepe Memecoin Frenzy Attracts Unwanted Attention From Scammers

• Security firm CertiK alerted the community to a fraudulent Pepe website offering rewards, cautioning that the site is linked to a phishing contract.
• Fake Pepe claim sites are also starting to become more prevalent on Twitter.
• The Pepe token’s creators have repeatedly warned the community to refrain from connecting their wallets to pages with suspicious airdrops and giveaway claims.

Pepe Memecoin Frenzy Draws Unwanted Attention From Scammers

Scam Tokens Detected

Security firm PeckShield reported that there have been at least 10 memecoin scams created in the last three days alone. These scam tokens had their liquidity removed, rug-pulling investors.

Fake Pepe Claim Sites on Twitter

Cybersecurity company CertiK issued an alert regarding a fake Pepe website claiming to provide rewards, warning that it was connected to a phishing contract. In addition, fake accounts on Pepe’s official Telegram group were also trying to redirect users to various websites which were being reported and banned by other channel members.

Creators Warn Community

The creators of Pepe warned the community not to connect their wallets with pages offering suspicious airdrops or giveaways as they are not associated with any other tokens or projects.

Pepe Hits $1 Billion Market Cap

On May 5, after being listed on Binance, Pepe hit a $1 billion market capitalization and surged by more than 4,000% since its creation in mid-April, reaching a total market cap of $1.82 billion.


The hype around the rapidly-growing meme coin has led some bad actors to take advantage of unsuspecting investors through scams and fraud sites offering rewards for connecting wallets. To protect themselves against such attempts, users should be wary of connecting their wallets with suspicious sites and heed warnings from the creators of Pepe about potential scams or phishing attempts linked with them.