PEPE, the meme coin that hit headlines a month ago in retaliation to Okex, has pulled up a major stunt by moving ‘a big chunk of tokens’ to Binance cryptosphere creating reservation and doubt in the market.
Major Move of PEPE Team to Binance
PEPE development team has reportedly moved about 418 billion 400 million PEPE tokens, with estimated value of $506,000 to Binance in what it marks as a notable thing for the company. Such strategic move helps determine potential changes in dynamics of the PEPEE ecosystem. As per the Spot On Chain X, this move comes after the team’s surprise to burn down six trillion and nine hundred billion PEPE tokens valued then at a total of $5,830,000 on October 24th. This was followed by a 30% rise in token price that makes the team active players amongst marketers.
PEPE Development Team's Current Holdings
In total, the PEPE development team currently holds 3,209,000,000 PEPE tokens which equates to approximately $3880. This large stake points out the team’s persistent sway and potential to make more strategic market decisions.
Thesedevelopment team’s maneuverings are key for those invested in or following PEPE. By monitoring their large deposits, past token burns and current holdings.
PEPE Price Holds Steady on Major Developments.
These notwithstanding, prices for PEPE have not suffered much. CoinMarketCap notes that the price of PEPE has surged by 8% over the last twenty-four hours to trade at $0.000001217.
In conclusion, the path of PEPE token through the dynamic world of cryptocurrency is a consequence of strategic moves by its development team. The PEPE environment is hence showcased as a fluid ecosystem with the most latter deposit to Binance alongside the influence of prior token burns.
