According to Onchan data provided by cryptocurrency analysis company Spot On Chain, the PEPE developer team made sales through Binance and decentralized exchanges.
According to the data, the developer team sold 21.49 billion PEPE units, corresponding to 355 thousand dollars, after the price rose to an all-time high yesterday.
PEPE broke a new price record yesterday. The world's third-largest memecoin is up an impressive 134% in the last month. However, after the record broken yesterday, the PEPE price is trading at a level 7% lower than the record level at the time of writing.
According to Onchain data, since the end of February, the PEPE developer team has sold 282.8 billion tokens at an average price of $0.000008067 and generated $2.28 million. It was noteworthy that there was a decrease in the price following the sales made by the developers.
Data shows that the altcoin's developer team currently has another $42.7 million worth of tokens.
However, the development team at PEPE was previously mentioned with a crisis. Suddenly, some of the developers sold millions of dollars of tokens and got into a big fight with other developers. According to the statements, developers who sold tokens without notice have been removed from the project.
*This is not investment advice.