According to the PEPE official Twitter account, some of the PEPE core team have sold approximately 16 trillion ($16 million) tokens unannounced.
In the statement made, it was stated that as a precaution, the number of signatory wallets required in the multisig wallet was reduced to 2/8 wallets, there was 10 trillion PEPE in the multisig wallet, there is now only one signature wallet, and this wallet is in safe hands.
According to the statement made by the remaining members of the team, the PEPE altcoin has had some malicious and greedy members in it since its inception. It has been said that these members, who have hindered the development of PEPE since the first weeks, are now cleared from the team.
Regarding the sale, the last remaining signatory team member announced that he was betrayed on the night of the incident, with three malicious team members selling 16 trillion PEPE from the multisig wallet. He also stated that they then tried to sever all ties with the token by deleting themselves from the multisig wallet.
The remaining team member stated that the sold tokens were never held for sale, the remaining tokens were in safe hands. It was also announced that the PEPE Twitter account is in the hands of the remaining member.
In his statement, the last team member underlined that he will do his best for the token from now on, that the team members who hinder the developments are no longer in the team and now have full control. He stated that the remaining 10 trillion PEPE tokens will be moved out of the multisig wallet, where they will be stored until it is time to be used or burned. He said he could use these funds for some PEPE-sourced domain or username purchases, and burn the rest.
The last remaining team member announced that he wanted to bring PEPE into a completely decentralized position after all transactions were completed.
an announcement to the $PEPE community:
Yesterday on August 24th, 2023, a series of unexpected transactions took place from the $PEPE multisig CEX
Wallet in which ~16 Trillion $PEPE tokens (worth roughly $15m USD) were transferred to various crypto exchanges (OKX, Binance,… pic.twitter.com/iZmXV1TAvw— Pepe (@pepecoineth) August 26, 2023
Thus, it became clear that there were great discussions in the official team of the token and that the sale was made. It is not known how accurate the statements of the wallet, which claims to be the last remaining member, are true.
*Not investment advice.
