The individual PAULY, who exposed the identity of the PEPE founder on the X platform (formerly Twitter), has posted a statement claiming that the PEPE team previously stole over $10 million worth of funds from CEX wallets and dumped them on the open market. They have allegedly moved the remaining $9.6 million to a wallet controlled by an anonymous 25-year-old individual. The team supposedly positioned significant short positions for insider trading before the CEX fund theft. The allegations of market manipulation and insider trading by the PEPE team are said to be ongoing.
Previously, PEPE disclosed the truth behind the “multisig coin selling”: three former members reportedly sold tokens unauthorized and removed multisig permissions, leaving the remaining 10.6 trillion PEPE tokens safe and transferred to a new address starting with 0x9f5E.
NFT market figure Not Larva Labs founder PAULY claimed that the “multisig coin selling truth” released by the official PEPE team is entirely false, stating that he, Matt Furie, and the entire community have been deceived by the PEPE team. The PEPE official team allegedly holds PEPE tokens worth $16 million to $17 million (USD) across at least nine internal wallets.