Pepe Memecoin Development Team Addresses Significant Coin Transfer to Cryptocurrency Exchanges
The Pepe (PEPE) memecoin’s team has issued a statement addressing a noteworthy coin transfer that has captured the community’s attention.
On social media platform X. A Pepe community leader revealed that specific team members had become “bad actors,” conflicting with the rest of the team. The statement unveiled that, barring an anonymous individual. All founders have sold their stakes and departed, leading to a substantial price correction triggered by the movement of significant PEPE quantities to crypto exchanges.
Expressing astonishment, Pepe’s X account extended apologies for distress and losses caused by these “bad actors.” The statement underlined that tokens from the centralized exchange wallet were never meant for market sale or personal gain. The account owner expressed regret for not acting earlier and reassured the community about the control of the Twitter account and the remaining 10 trillion tokens in the multi-sig wallet. Now managed by someone committed to the community’s interests and PEPE’s success.
Reportedly, the transferred tokens, often labeled “stolen,” were subsequently liquidated on major crypto exchanges OKX and Binance. Despite the disruption, the sole remaining team member is resolute in steering the project forward. Initiating dialogues with respected community members, they aim to reinvigorate Pepe for its next phase. Demonstrating unwavering dedication to the community’s well-being, the team member strives to navigate challenges and foster the flourishing of Pepe’s decentralized and resilient memecoin status.
Clever Robot News Desk 29th August 2023
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