Key Points:
About 4 hours ago, three wallets that may belong to the same person deposited a total of 1.5 trillion PEPE (about $1.2 million) into Binance. With a severe price drop leaves the investor with an estimated loss of $242,000. Before that, the developers of this memecoin project suddenly sold 16 trillion tokens, making the community suspicious of rug-pull.
According to Lookonchain monitoring, 1 hour ago, three wallets that may belong to the same person deposited a total of 1.5 trillion PEPE (about $1.2 million) into Binance, with an estimated loss of $242,000.
After the Pepe group dumped 16 trillion PEPE on August 24, these 3 wallets withdrew 1.5 trillion tokens (about $1.45 million at the time) from OKX. Currently, the PEPE team still has 15 trillion tokens left unsold. The teams unexpected actions left the community reeling with rug-pull suspicions.
According to on-chain analysts, this number, compared to the 16 trillion tokens pushed to the exchange by the team, seems very small. The data shows that insiders have sold about 400 billion tokens.
Then according to Yazan, the number gradually increased to 665 billion and 885 billion tokens. By the latest update, the number had jumped to 1.011 billion tokens.
Affected by negative information causing the once stormy memecoin to decline by more than 31% in the past month.