The Team Behind Memecoin Pepe Addresses Large Transfer of Coins
The team behind Pepe (PEPE), a popular memecoin in the crypto market, has released a statement regarding a significant transfer of coins that has raised concerns within its community. Here are the key points from the statement:
– Founding members, with the exception of one anonymous individual, have sold their stake and abandoned the project, leading to a price correction.
– The transferred tokens were ultimately sold on crypto exchanges OKX and Binance.
– The remaining team member expresses shock and apologizes for the fear, uncertainty, and losses caused by the actions of these “bad actors.”
– The team member assures the community that they are still committed to the project and are seeking new members to carry Pepe forward.
– They express a desire to operate with the community’s best interests in mind and to set up Pepe for success as a decentralized and anti-fragile memecoin.
At present, PEPE is trading at $0.000000868, experiencing a 30% drop in the last week.
Hot Take
The Pepe project has faced a setback with the departure of several founding members, but the remaining team member is determined to continue and seek new members to support the project. It remains to be seen how the community will respond to this transition and whether Pepe can regain its momentum in the crypto market.
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