Watch out for Pepe Coin: The sale that previously brought a decline is being held again!

Popular meme coin Pepe's team wallet has caused anxiety by re-running a massive sell-off. 

According to the post shared by on-chain data and analysis account Spot On Chain on its Twitter account on May 28, Pepe's team wallet made large sales through Binance and decentralized exchanges (DEX).

The development team, which turned to sales many times after the price of Pepe began to rise in late February, has since sold 282 billion PEPE at an average price of $0.00000806.

The development team, which usually sells before price drops, sold 21.5 billion PEPE for 355 thousand dollars through Binance and DEXs today.

According to CoinGecko data, Pepe, which broke a new record yesterday and reached its highest level, experienced a slight decrease with the withdrawal in Bitcoin. PEPE is trading at $0.00001621 at the time of writing.