PEPE Team Moves 16 Trillion Tokens to Exchanges, Triggers Price Plunge
In a startling development, the #pepe team’s official wallet address transferred approximately 16 trillion PEPE tokens, equivalent to around $15.08 million, to four different Central Exchanges (CEXs). This significant transfer was followed by a 15% drop in the price of PEPE tokens, adding to market uncertainty around the project.
The situation was further complicated when changes were observed in the project’s multi-signature wallet. Previously requiring 5 out of 8 signatories to validate a transaction, the wallet’s security settings were altered to need only 2 out of 8 signatories. Of the team’s wallet that originally held 29 trillion PEPE tokens, 18.3 trillion have now been moved to #CEXs .
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