$PEPE
Blockchain tracking platform Spot On Chain reported that the PEPE development team sold $355,000 worth of tokens through Binance and decentralized exchanges. The sale came after the price of PEPE surged 130% in the past month. This is not the first sale; the development team has a history of selling large amounts of PEPE, and since the end of February, they have sold 282.8 billion tokens worth $2.28 million.
Despite these sales, the development team still holds a large amount of 2.52 trillion PEPE, worth about $42.7 million. Such a large-scale holding poses a huge risk to market stability, as future sales could further affect the price of the token.
Blockchain tracking platform Spot On Chain reported that the PEPE development team sold $355,000 worth of tokens through Binance and decentralized exchanges. The sale came after the price of PEPE surged 130% in the past month. This is not the first sale; the development team has a history of selling large amounts of PEPE, and since the end of February, they have sold 282.8 billion tokens worth $2.28 million.
Despite these sales, the development team still holds a large amount of 2.52 trillion PEPE, worth about $42.7 million. Such a large-scale holding poses a huge risk to market stability, as future sales could further affect the price of the token.