What's the Future of $PEPE ? Will it Make a Comeback Or Is it DEAD ?

Let's talk about what's happening with PEPE from 23rd August 2023

• The PEPE multisig sent $15.7M worth of tokens to various exchanges (likely selling).

• Shortly after, the PEPE multisig changed the amount of required signatures from 5/8 to 2/8 (odd behaviour).

• The price has dropped around ~40% in 2 days.

My thoughts on the $PEPE Dump :-

There are clearly some issues here about the motive behind these multisig changes.

Was there an internal dispute?

Why has the PEPE team not posted anything regarding this topic on their Twitter page ?

Will the selling continue?

These questions made people panic sell pepe and caused this dump.

Although profit taking in crypto is normal (from a team's perspective), the sudden selloff and the lack of communication raises some red flags.

However, for those willing to take on some risk - it's important to note that PEPE is sitting on major support. From a technical perspective, if we see a decent response here - it may be a good buy.

But for the majority, the safest thing to do (as usual in these situations), is to let the dust settle and reassess in a week or so when we have more clarity.

What are your thoughts on $PEPE ? Buying or Selling PEPE here ?

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