Crypto Influencer Accuses Pepe Coin Team of Insider Trading
Crypto influencer Jeremy “Pauly” Cahen has accused the Pepe Coin team of insider trading after a significant amount of PEPE was stolen. Cahen has taken it upon himself to doxx members of the Pepe Coin team and expose their transactions and wallets.
Key Points:
– Cahen claims that the Pepe Coin team holds $16-17 million worth of PEPE in 9 different wallets.
– Insiders dumped PEPE from a centralized exchange wallet after creating a massive short position.
– Cahen has revealed the transactions and wallets of the Pepe Coin team and is working with law enforcement to bring them to justice.
– On-chain analysts have reported massive Pepe Coin transactions by insiders.
– Insiders have started selling their PEPE holdings, with almost 400 billion PEPE already sold.
PEPE Price Slides 20%
The price of Pepe Coin has experienced a significant decline, dropping 20% due to selloffs by the Pepe Coin team. The negative sentiment within the community has caused the price to fall even further.
Key Points:
– PEPE price is currently trading at $0.00000090, down 7% in the past 24 hours.
– The 24-hour low and high for PEPE are $0.00000085 and $0.00000095, respectively.
– Trading volume has decreased in the last 24 hours, indicating a decline in interest among traders.
Hot Take
The accusations of insider trading made by Jeremy Cahen against the Pepe Coin team have caused significant damage to the reputation of the project. The selling of PEPE holdings by insiders has further fueled negative sentiment and led to a decline in the price of PEPE. It remains to be seen how law enforcement and crypto exchanges will respond to these allegations and whether justice will be brought to those involved in the alleged insider trading.
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