#pepe UPDATR💥💥💥💥

Scandals Rock Pepecoin Ecosystem, Sending PEPE’s Price Spiraling

PEPE’s price hit a massive decline after three of its founders maliciously took advantage of a loophole in the cryptocurrency’s multi-signature transfer system. According to reports, the founders carted away $15 million worth of PEPE, sending PEPE spiraling by almost 40% in the past two weeks.

This singular action from the PEPE core team has dealt a serious blow to the trust of PEPE users. Now there are growing doubts around the possibility of Pepe coin bouncing back to its previous high after this. Investors are now considering other meme coins like Pikamoon (PIKA), which has attracted support from many due to its promising momentum.

Besides, Pepe coin’s decline has been huge, hitting a 37.3% decline over the past month and a 23% dip in just the past week. Examining the technical indicators, analysts reveal a pessimistic view of Pepecoin’s future. Coincodex also predicts more sideways movement for PEPE. Overall, the absence of trust due to recent events could hinder PEPE’s comeback.

#pepe

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