I am hearing some rumors being reported today after seeing a spike in chatter within the gaming community on today. I have not seen the third-party game tracking tools show this much rumor in a long time. I will say the tracking tools are way more heated than the chatter I am seeing, so something might be off here. Again, I saw some initial chatter from within the gaming forums and on this site starting on today.  Now, I decided to cover it on everyday even if the chatter was not at the levels that would warrant me posting something.
To be clear, Wendgames' radar has not confirmed any release is officially going on.
Mod, cheat or hack tracking tools:
Let's start with what the tools are showing:
Bila sensor:

Souma sensor:

So most of these tools are incredibly heated, signaling that they are showing available mod, hack or cheat for the game.
Wendgames chatter:
Here is some of the chatter from various comments on this site and facebook groups since the release:

Holy shit this is the biggest gaming news of the year

I surprisingly knew about this game's existence before this!

From someone who actually played it, it's fine, just a pretty average  game. Unless you're chomping at the bit for new experiences, if it looks interesting to you just play the first one.

Let's make a little summary for the game:
GAME INFO
Name of Game: Legend of Mushroom
Version: 2.0.24

Name of the cheat, mod, hint, tip or hack:
-Unlimited Money
-Mod Menu
-Money increases instead of decreasing
-Massive attack
-God mode
-Free Purchases
-Free Shopping
-Enemy does not attack
-Weak enemies
-Unlimited coins/hearts/gold/gems
-Dumb Enemies
-Free Store
-Stats Boosted
-Mega Mod
-High damage/No Shake No Recoil
-mod rewards
-Damage & defense multiplier
-Game speed multiplier
-Unlimited Ammo/no reload/No Recoil
-radar hack/Infinite money
-Unlocked/all levels unlocked

Game description:
Legend of Mushroom x Pepe the Frog Collab Event Release!

It’s showtime for Pepe the Frog! Starting from 04/26, mushrooms will join Pepe the Frog on new adventures in the vast space.

Participate in collab games such as Whack-A-Mole and Space Adventurer Pepe to get collab giveaways and use Pepe memes! Complete check-in tasks to claim amazing rewards such as collab costumes, facewear and back accessories.

There’s also a chance to get the collab “Tear Attack” artifact, “Trembling Pepe” mount and “Frog-style Thruster” back accessory. Become the best Feels Good Mushroom with Pepe’s help!

Over 30 million downloads worldwide! Legend of mushroom is officially launched now! Start an unexpected RPG adventure with the little mushrooms!

Big adventure of a little mushroom! Role-playing with infinite levels!

One day, a lamp appeared amidst the chaos, shining on mushrooms and turning them into brave warriors. Since then, mushrooms have been embarking on adventures in search of more lamps and greater powers.

■ Cute Mushroom Characters!
A small mushroom embarks on a special adventure to become human!
■ Equipment Galore
No more farming in battles. Just tap the Genie to get all kinds of equipment!
■ Choose Your Class!
Even a small mushroom can choose different Classes and become an elite adventurer!
■ Unique Designs
All kinds of creative mushroom designs! Customize your own mushroom!
■ Boss Challenge
Join an alliance. Even small mushrooms can defeat evil dragons!
■ Strongest Alliance
Fight alongside friends and compete with other alliances!
■ Build Your Own Garden!
Protect your garden, mine for minerals, and catch thieves!

Follow us on social media:
facebook.com/legendofmushroom

Legend of Mushroom MOD APK Version 2.0.24

Manual Steps:
1. Install Modded APK
2. Play

Download Now
In any case, the best mod, cheat or hack for now comes down to these tips:

1. The first cheat or exploit is to not skip the tutorial, even if you're an advanced player and this is your second, third, or fourth alt account. The beginner's tutorial gives you lots of free stuff and rewards, which are some of the most valuable items in the game.
2. Keep watching the ads and collecting more and more daily currency rewards.
3. Play daily events for more chances to get better currency.
4. Practicing to get better time in PVE or offline mode.
5. Don't skip any unleashed events.
6. Use ad packs from the store to get currency. And free packs can be obtained every certain number of hours.
7. Watch YouTube or Twitch videos: gamer's gameplay style and tutorials.
8. Play against many different opponents with many different gameplay styles.
9. Join the game community on Discord, Reddit, Facebook, or other social media platforms where you can share your gaming experience.
10. Are you a competitive online mobile gamer? The secret to becoming a top mobile gamer is to first have at least a medium-range phone or a top-of-the-line phone. Without a good device, you will never be a good gamer. Next, you need a superfast internet connection. If you want to do exploits against other gamers online in real time, you need incredible internet connectivity, or else lag will become your best friend when your ping goes up to over 300 ms. And finally, you need to be me, Wendgames, the greatest mobile gamer the world has ever seen. If anyone else tells you anything else, they're lying. Skills only come through persistence with great devices and fast connectivity to react appropriately against enemy players.