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PEPE token’s value fell 15% due to suspicious transfers

Aug 25, 2023
Markets
On Thursday, the price of memcoin fell by almost 15% due to fears of subterfuge on the part of developers.
image

Such speculation came after 16 trillion tokens were transferred from the multi-signature wallet to addresses on various crypto exchanges, including Binance, OKX and Bybit. This transaction roughly represents 3.8 per cent of the total token volume.

 Community members also noticed a curious change. Now multi-signature wallet requires 2 signatures of owners to confirm the issuance, instead of 8 previously. An interesting fact is that this transaction was the first case of sending Pepe tokens from a multi-signature wallet to exchanges.

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