2023-08-25
Pepe meme token price has fallen almost
20% in 1 day after someone (probably Pepe developers) changed the number of
signatures require on the Pepe multisig wallet from 5/8 to 2/8.
Change in the number of multsig comes
after $15.7 million worth of PEPE sent to exchanges.
The multisig first received funds from Binance and
proceeded to send Pepe tokens to the following exchanges:
1. $8.36 million worth of PEPE tokens sent to OKX .
2. $6.6 million woroth of PEPE tokens sent
Binance .
3. $438,000 worth of PEPE tokens sent to Bybit.
4. $400,000 worth of PEPE tokens sent either an
unknown exchange or an unknown wallet.
$10.42 million worth of PEPE tokens remain in the multisig.
Strange transactions create fear among
investors, this makes PEPE tokens have fallen almost 20% in 1 day.
Situation of Pepe meme token
is to be concerned. PEPE 24 hours price down almost 20% in 1 day and chart pattern is showing downtrend. Pepe ranks
89th largest crypto by market cap. Current fully diluted market cap
of Pepe is $367.37M.
