According to Forsight News: Not Larva Labs founder PAULY has responded to an official announcement from the PEPE community, calling it 'nonsense.' He questioned why it took three days for the news to be released and accused the team of deceiving Matt Furie, himself, and the entire community. Despite the actions of those involved, PAULY believes that PEPE will be even more successful than it is now.

Forsight News previously reported that the PEPE community announced a former team member had stolen 160 trillion PEPE tokens using multi-signature wallets. The remaining 100 trillion tokens have been transferred to a new wallet.