According to information from various blockchain tracking platforms recently, the developers of the PEPE coin project are selling their altcoins. Allegedly, 16 trillion tokens transferred to a central exchange wallet were disposed of on the OKX exchange.
Altcoin analyst Jason Cline revealed the transactions with his share on the X account. According to the phenomenon, approximately 8.5 trillion of the 16 trillion PEPE tokens in total were sold on the OKX exchange. After this event, the cryptocurrency lost significant value.
https://twitter.com/Jclineshow/status/1694832091018445164
According to the analyst, PEPE pairs have been having volatile hours in the last 24 hours. The trading volume of the token on exchanges exceeded $219 million. In this environment, the first investors of the project went on sale. An investor holding $1.88 trillion PEPE has disposed of their tokens for a total of 1,010 ETH (approximately $1.68 million).
PEPE Price
The joke-themed cryptocurrency has officially bottomed out after the allegations. After listing on the Binance exchange, the mem token, which fell to the level of $ .82, saw the figure of $ .79 in the morning.
PEPE coin chart.The trending altcoin of recent months has lost more than 20% since the beginning of the week.
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