Pepe Coin, which provides 7,500x returns in a short time, is accepted from a popular cryptocurrency exchange. Despite all the allegations that have emerged about the altcoin project, this centralized exchange has decided to open its listing.
Pepe Coin is listed on this popular altcoin exchange
Justin Sun-backed crypto exchange Huobi Global announced that it has decided to list Pepe Coin. In a recent announcement, Huobi announced that it will add PEPE/USDT perpetual Futures and open it today. The crypto exchange announced that it would include Pepe on its list on April 18, 2023.
https://twitter.com/HuobiFutures_/status/1651103639908524032
Pepe Coin remains on the crypto agenda, gaining more than 900% in one day, the biggest rally in recent times. Meme coin has delivered around 7500x returns to its initial investors. The price then turned bearish after touching $0.0000004036 on April 20. It is currently trading at $0.0000002307 with ongoing short-term rallies.
Pepe Coin is on the agenda with scandalous allegations
Recent reports, which we cited as Kriptokoin.com, suggested that the team behind Pepe Coin manipulated the price of altcoins from 5 different wallets. The project’s annex allegedly stopped coin sales via a smart contract function.
The rapid rise of Pepe (PEPE) has been a hot topic in the cryptocurrency community. But recent findings suggest that some gains are not as organic as they seem. A study of five addresses on Pepecexwallet.eth revealed that they had a staggering 3,200x return on their investment. However, these addresses all seem to be linked to the token creator.
1/ We found that 5 addresses related to pepecexwallet.eth bought 8.87T $PEPE at a low price, and the cost was ~0.19 $ETH ($385).
Then sold 7.76T $PEPE for $1.23M on #DEX, made nearly $1.23M (3,200x)! pic.twitter.com/hIvTJX6UTK
— Lookonchain (@lookonchain) April 24, 2023
The investigation shows that these five addresses received a total of 8.87 trillion PEPE at about $385 at the bottom price. These tokens were later sold on decentralized exchanges for $1.23 million. This represents approximately 3,200 times the initial investment.
A closer look at the transactions shows that one wallet bought 2.44 trillion PEPE for $39.3. The investor then transferred these tokens to another wallet. Another wallet bought an additional 0.06 trillion PEPE for 0.11 WETH ($230.84). Transferred a total of 2.5 trillion PEPE tokens to the “0x7607” wallet. Finally, another wallet bought 1.77 trillion PEPE tokens for $35.24. He then sold all of his 4.26 trillion PEPE tokens for $726,218.
About Pepe Coin
Pepe gained popularity due to his relationship with the famous meme character Pepe the Frog (Pepe the Frog). Pepe’s developers combine Blockchain technology with the virality of internet memes to create a unique user experience for their owners.
Pepe coin has attracted a lot of attention lately. It provided a return of 7,500 to its first investors in a short time. Dogecoin and Shiba Inu have never seen such a rapid rise in price in their history.
As a result, Pepe coin is leading the way in animal-inspired cryptocurrencies. Their growing popularity and unique approach to the crypto market can be particularly successful in attracting new investors.
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