After the developer team sold a large amount of meme coins, there was a significant price drop today. PEPE price fell by approximately 4%, halting its recent rise. In other words, this development comes as the meme coin is experiencing significant gains for Ethereum-based coins fueled by investor enthusiasm over the past few weeks.
Developer Team Reduced Pepe Coin Price by Selling 21 Billion PEPE
PEPE Coin has gained significant interest over the past few weeks and its price has reached a new high. Additionally, large transactions of crypto also attracted investors' attention and reflected increased trust in crypto.
However, the recent sale by the PEPE developer team seems to have shaken market confidence. Blockchain tracking platform Spot On Chain reported that the team sold 21.49 billion PEPE worth $355,000 through Binance and decentralized exchanges (DEXs). This sale took place especially last month, when PEPE experienced a 130% increase.
According to Spot On Chain, the sales model of the development team attracts attention. It is stated that the development team has been selling Pepe frequently since the price started rising in “late February”. According to the report, the developer team sold 282.8 billion PEPE worth $2.28 million before the price dropped.
This trend suggests that developer actions are closely related to price movements, potentially contributing to volatility. However, despite these significant sales, the PEPE development team still retains a significant amount of meme coins.
According to recent reports, they own 2.52 trillion PEPE worth approximately $42.7 million. Future sales could further impact the price, posing a risk to market stability.
Community Reactions and Forward-Looking Comments
The community's response to developer sales has been mixed. Some investors are concerned that future sales could reduce the value of the meme coin. Others remain optimistic and see the current decline as a temporary setback in PEPE's growth trajectory.
Additionally, the timing of the sales and their coincidence with price peaks led to speculation about the developer's intentions. Some argue that this strategy aims to take advantage of high prices. Others think it could be part of a larger plan to provide liquidity and fund ongoing development efforts.
In particular, Pepe Coin's recent performance has attracted great attention in the cryptocurrency world. These dramatic price movements highlighted the coin's potential and volatility. As the coin continues to evolve, investors will continue to closely monitor the development team's actions and broader market trends.
PLEASE READ CAREFULLY FOR A GIFT OF 10 DOLLARS.
My friends, you know that we, the publishers, are doing everything we can for you here. We are informing you about the services and facilities offered to us by our authorities. I have never stopped supporting both the Cryptocurrency market and you as much as I could, and on the contrary, I am trying to provide more support.
THIS 10 DOLLAR GIFT CAMPAIGN IS A CAMPAIGN MADE SPECIALLY FOR ME BY BINACE. YOU CAN GET THE CONFIRMATION I SAID ABOUT THIS BY CONTACTING LIVE HELP. THIS IS A 10 DOLLAR CAMPAIGN MADE TO YOU THROUGH ME.
Now I will tell you how to receive your gift. First of all, Binance users who have registered with someone's reference and actively use futures transactions will unfortunately not be able to benefit from this promotion.
So who will benefit?
Our friends who have not activated the futures section yet, while activating your FUTURES trading section, you will earn 10 dollars when you open it by entering my reference code 88623008.
I EXPLAIN IN DETAIL.
My brothers and sisters who have become a Binance member without reference, please listen carefully;
When you do what I say, you will receive 10 USDT.
Enter the Futures Section from your application,
On the next screen, open your account by entering the code 88623008 in the REFERENCE CODE section,
My brothers and sisters who want to complete this transaction and receive the 10 USDT reward by MAY 1 can do so. After activating your account, all you have to do is open your first futures transaction.
The first 1,000 brothers to open a 200 USDT transaction by MAY 1 will receive a 10 USDT reward.
So let me give you a tactic like this: Even if you open and close 20x with a $5 transaction, you will be entitled to the reward.
However, even if you do this after May 1, your reward will not come. So get it done by May 1st. In fact, right now I say you can fix it in 5 seconds.
Very simple. Go to Futures, enter my reference code 88623008 and activate the account. Afterwards, just open a total of 200 USDT transactions and get 10 USDT reward.
WHEN WILL THE AWARD COME?
Your 10 dollar reward will arrive in the REWARDS section of your Binance application within 30 days, starting from May 1st. By activating it from there, you can use your reward of 10 dollars, or more than 300 liras, in futures transactions.
You can help your friends in need by sharing this post.
BY THE WAY, MY BROTHERS, PLEASE DON'T MISS YOUR LIKES. EVERY SHARE IS FOR YOU. SO DON'T WITHHOLD YOUR SUPPORT. IF YOU HAVE NOT FOLLOWED YET, DON'T FORGET TO FOLLOW. KIND REGARDS.
