The multisig wallet of the PEPE meme-token has reduced the number of required confirmations from 5 to 2 and transferred more than 15.7 million coins to exchanges. The asset rate fell by 20% due to fears of rug pull.
Data: X.
According to the data Safe Global, $8.2 million worth of tokens were sent to OKX, $6.5 million to Binance, and another $434,000 to Bybit. An additional $400,000 was transferred to an unidentified address.
PEPE’s multisig wallet still contains about $10 million worth of assets. It was also the first time that coins were sent from this address to centralized exchanges.
Against this background, the rate of the meme-token fell sharply from $0.0000011 to $0.00000087. The market capitalization of the asset also decreased from $443 million to $366 million, according to CoinGecko.
Binance 15-minute PEPE/USDT chart. Data: TradingView.
Recall that at the end of April, PEPE grew tenfold, turning some of the asset holders into millionaires.
In May, users contributed $46 million to exchanges in a mem-token per day. Then experts warned about the risks of dumping the coin.
In the same month, an unknown person paid a $120,000 commission to buy the $156,000 FOUR meme-cryptocurrency. According to the community’s calculations, the investor managed to realize a profit of $240,000.
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2023-08-25 07:20:24
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