$PEPE is constantly controversial. The team sells coins and changes permissions. What is the hidden story behind this?
PEPE coin, this is a brand new MemeCoin that emerged on Ethereum in April 2023, claiming to be the "people's currency". It is like the younger brother of big brothers such as Shiba Inu and Dogecoin, paying tribute to the popular Pepe frog emoticon package on the Internet, and dreaming of becoming a big boss in the MemeCoin world.
When it comes to market performance, PEPE coin is simply rocket speed. It soon reached a market value of 400 million US dollars and successfully ranked among the top 100 cryptocurrency market values. What's more amazing is that it only took 23 days for its market value to break through the 1 billion US dollar mark, and the number of holders also rose to 107,000. This speed is simply a supersonic aircraft in ERC-20 tokens!
Let's take a look at the token economy. The total amount of PEPE coins is as high as 420.69 trillion, of which 93.1% are thrown into the liquidity pool of Uniswap, and the remaining 6.9% are hidden in a multi-signature wallet, which is said to be prepared for the future listing on a centralized exchange. In order to attract people, PEPE coins have also invested heavily, raising funds, rewarding long-term supporters, and setting up a consensus deflation mechanism to make tokens more and more scarce.
However, this PEPE coin is not smooth sailing. In August 2023, someone revealed that the PEPE coin team quietly sold 16 trillion PEPE and changed the permissions of the multi-signature wallet. What's more, the big man behind this is actually a photographer under 30 years old. He used the money earned from PEPE to buy a Lamborghini worth 865,000 US dollars, and he hasn't given a penny to Matt Furie, the original creator of Pepe frog.
As for the future of this project, the PEPE coin official website itself said that this is a joke coin with no actual value and no return guarantee. There is no formal team, no development plan, just for fun.
Recently I plan to ambush a potential coin that is ready to explode. It is still very easy to double it. At the same time, I am also preparing to find some potential coins to get by the end of the year. It is expected that there will be no problem with more than 10 times the space. The number of places is limited! If you want to follow up, like + leave a message.
