Close Menu
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Market Cap
  • Blockchain
  • Web 3
    • NFT
    • Metaverse
  • Regulation
  • Analysis
  • Learn
  • Blog
  • Contact
    • Tech7685@gmail.com
What's Hot

Bitcoin at a crossroads: Is this time to go out or save?

2025-05-13

US Banking Authority knew the path for crypto services at National Banks

2025-05-13

Will Deg Price reach $ 1?

2025-05-13
Facebook X (Twitter) Instagram
  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • Free.cc (Free Crypto)
Facebook X (Twitter) Instagram
Bitcoin Platform – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Market Cap
  • Blockchain

    Tron and Ethereum fight for the USDT top position

    2025-05-13

    Stargate brings Cronos closer to the future of Omnichain

    2025-05-13

    Abu Dhabi launches a large project with Agile Dynamics for quantum -safe blockchain

    2025-05-13

    Zimbabwe is turning into blockchain to breathe new life into the trust of the carbon credit of carbon credit

    2025-05-13

    Atlaspad and Arichain unite to stimulate user-friendly and scalable web3 acceptance

    2025-05-12
  • Web 3
    • NFT
    • Metaverse
  • Regulation

    US Banking Authority knew the path for crypto services at National Banks

    2025-05-13

    SEC chairman atkins repeats himself to overhaul crypto rules, promises to end ‘Regulation by enforcement’

    2025-05-12

    ‘Bond King’ Jeffrey Gundlach calls a catalyst who can cause an interest rate this year

    2025-05-11

    Concern about Trump’s conflict of interest slows down the progress of a broader crypto policy

    2025-05-10

    The German police interrupt $ 38,260,000 in crypto from Exchanges in the midst of allegations. The exchange has been washed bybit funds

    2025-05-10
  • Analysis

    XRP -price recovers profit, but retains its bullish structure

    2025-05-13

    Hyperliquid affects $ 6 billion in open interest while Bitcoin tests $ 105k near price discovery

    2025-05-13

    Cardano (ADA) Dips: Temporary correction or start of deeper movement?

    2025-05-13

    The market capitalization of PI Network jumps $ 7 billion like token skyrockets 110% in a week in the middle of market bending

    2025-05-13

    Can the resistance crush and re -design the rally?

    2025-05-12
  • Learn

    What Is Proof-of-Work (PoW)?

    2025-05-12

    What Is Proof-of-Authority (PoA)?

    2025-05-09

    What Is Proof-of-Stake (PoS)? A Beginner’s Guide

    2025-05-09

    What Is a Layer-1 (L1) Blockchain?

    2025-05-03

    What is a Layer-2 (L2) Blockchain Network Solution?

    2025-05-02
  • Blog
  • Contact
    • Tech7685@gmail.com
Bitcoin Platform – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
Home»Web 3»The PEPE community just got robust
Web 3

The PEPE community just got robust

2023-08-29No Comments3 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email

TL; DR

  • On August 24, 2023, the multi-sig wallet (aka the shared bank account between the founders) lowered the threshold to approve a transaction to just 2/8 signatures. Immediately after that change, the team began transferring $PEPE to centralized exchanges.

  • The general theory is: The whole PEPE team is basically in cahoots and knows exactly how to sell their assets without affecting the price of $PEPE at drastic.

  • Even worse, they may have released the announcement to convince the rest of the community not to sell their holdings (allowing the team to sell at a higher price).

  • Be careful out there folks!

Full story

You know how gym/entrepreneur brothers often say “NO DAYS OFF!” call. to you from your Instagram feed?

For us, the crypto news cycle can sometimes maintain a similar, grating energy.

If you can’t tell from the articles in this issue, today is such a day.

A current source of noise is Pepe: the meme coin launched in April has surged more than 1,500% and reached a peak market cap of $1.5 billion in May.

Something happened to the project in the last week – and it’s not good!

On August 24, 2023, the multi-sig wallet (aka the shared bank account between the founders) lowered the threshold to approve a transaction to just 2/8 signatures.

And right after that change, the team started transferring $PEPE to centralized exchanges.

(Which usually indicates intent to sell).

The problem was that the team had stated from the very beginning:

“The remaining 6.9% of the supply is held in a multi-sig wallet that can only be used as tokens for future centralized exchange listings, bridges and liquidity pools.”

Translation: “The remaining supply of PEPE will be used to support and grow the project (not to enrich ourselves).”

See also  Blur NFT lending protocol is getting mixed response from the community

So what happened?

On August 26, the team came up with a announcementpointing to “three ex-team members.”

Their story?

These three members were apparently “bad actors led by big egos and greed” who made off with about $15 million worth of Pepe tokens, but everything is now under control.

Needless to say, this argument didn’t completely convince the community.

Why?

First, Pauly, a crypto influencer, had already done that sounded the alarm about the PEPE team.

And second, only 60% of the $PEPE that was in that multi-sig wallet was deleted. If it really was theft, why leave $10 million behind?

The general theory is:

It’s because the entire PEPE team is basically in cahoots and knows exactly how to sell their assets without affecting the price of $PEPE. at drastic.

Even worse, they may have released the announcement to convince the rest of the community not to sell their holdings.

(Allowing the team to sell at a higher price).

Be careful out there folks!



Source link

Community Pepe robust
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Rooted in the south, built for the future

2025-05-12

.888: The domain for ambition and prosperity

2025-05-12

Insight into DNS, Onchain + Web3 domains

2025-05-12

Simplify the participation of Onchain with .depin & .xyo

2025-05-11
Add A Comment

Comments are closed.

Top Posts

Coin98 Super Wallet welcomes ZetaChain with Mainnet integration

2024-04-06

MakerDAO is exploring tokenized T-Bills with a $100 million allocation plan

2023-09-08

MSTRs 57% Crash: Has institutional adoption dry for Bitcoin and Altcoins?

2025-03-12
Editors Picks

Up or down? Here are UNI’s prospects for the coming days

2024-02-05

Ethereum – Price is confronted with renewed pressure – is a breakdown on the hands?

2025-02-17

Jordan Launches National Blockchain Technology Network

2024-07-22

DigiDaigaku is launching Bitcoin Ordinal NFT on May 1

2023-05-01

Our mission is to develop a community of people who try to make financially sound decisions. The website strives to educate individuals in making wise choices about Cryptocurrencies, Defi, NFT, Metaverse and more.

We're social. Connect with us:

Facebook X (Twitter) Instagram Pinterest YouTube
Top Insights

Bitcoin at a crossroads: Is this time to go out or save?

US Banking Authority knew the path for crypto services at National Banks

Will Deg Price reach $ 1?

Get Informed

Subscribe to Updates

Get the latest news and Update from Bitcoin Platform about Crypto, Metaverse, NFT and more.

  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • Free.cc (Free Crypto)
© 2025 Bitcoinplatform.com - All rights reserved.

Type above and press Enter to search. Press Esc to cancel.

  • bitcoinBitcoin(BTC)$103,938.570.90%
  • ethereumEthereum(ETH)$2,587.003.17%
  • tetherTether USDt(USDT)$1.000.01%
  • rippleXRP(XRP)$2.56-1.85%
  • binancecoinBNB(BNB)$661.41-1.06%
  • solanaSolana(SOL)$176.960.47%
  • usd-coinUSDC(USDC)$1.000.01%
  • dogecoinDogecoin(DOGE)$0.2380750.94%
  • cardanoCardano(ADA)$0.82-1.45%
  • tronTRON(TRX)$0.269394-1.88%
  • suiSui(SUI)$4.020.45%
  • chainlinkChainlink(LINK)$17.110.74%
  • avalanche-2Avalanche(AVAX)$25.280.92%
  • stellarStellar(XLM)$0.312290-3.66%
  • shiba-inuShiba Inu(SHIB)$0.000016-0.86%
  • hedera-hashgraphHedera(HBAR)$0.214005-4.86%
  • hyperliquidHyperliquid(HYPE)$25.443.45%
  • piPi(PI)$1.203.80%
  • the-open-networkToncoin(TON)$3.36-2.85%
  • bitcoin-cashBitcoin Cash(BCH)$406.64-2.01%
  • polkadotPolkadot(DOT)$5.11-0.96%
  • unus-sed-leoUNUS SED LEO(LEO)$8.641.66%
  • litecoinLitecoin(LTC)$101.890.36%
  • moneroMonero(XMR)$339.550.75%
  • pepePepe(PEPE)$0.0000142.79%
  • bitget-tokenBitget Token(BGB)$4.790.73%
  • daiDai(DAI)$1.000.01%
  • ethena-usdeEthena USDe(USDE)$1.000.01%
  • uniswapUniswap(UNI)$6.95-0.55%
  • bittensorBittensor(TAO)$458.100.29%
  • nearNEAR Protocol(NEAR)$3.18-0.19%
  • aptosAptos(APT)$6.092.33%
  • aaveAave(AAVE)$227.952.55%
  • ondo-financeOndo(ONDO)$1.04-0.40%
  • kaspaKaspa(KAS)$0.1250483.37%
  • okbOKB(OKB)$54.18-0.47%
  • internet-computerInternet Computer(ICP)$5.79-1.28%
  • ethereum-classicEthereum Classic(ETC)$20.181.47%
  • render-tokenRender(RENDER)$5.260.16%
  • crypto-com-chainCronos(CRO)$0.1020121.84%
  • mantleMantle(MNT)$0.81-0.03%
  • official-trumpOFFICIAL TRUMP(TRUMP)$13.532.40%
  • vechainVeChain(VET)$0.031293-1.73%
  • gatechain-tokenGateToken(GT)$21.850.00%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.253446-3.71%
  • ethenaEthena(ENA)$0.4355248.64%
  • usd1World Liberty Financial USD(USD1)$1.00-0.31%
  • filecoinFilecoin(FIL)$3.16-0.46%
  • arbitrumArbitrum(ARB)$0.441684-0.22%
  • algorandAlgorand(ALGO)$0.243715-2.19%
  • bitcoinBitcoin(BTC)$103,938.570.90%
  • ethereumEthereum(ETH)$2,587.003.17%
  • tetherTether USDt(USDT)$1.000.01%
  • rippleXRP(XRP)$2.56-1.85%
  • binancecoinBNB(BNB)$661.41-1.06%
  • solanaSolana(SOL)$176.960.47%
  • usd-coinUSDC(USDC)$1.000.01%
  • dogecoinDogecoin(DOGE)$0.2380750.94%
  • cardanoCardano(ADA)$0.82-1.45%
  • tronTRON(TRX)$0.269394-1.88%
  • suiSui(SUI)$4.020.45%
  • chainlinkChainlink(LINK)$17.110.74%
  • avalanche-2Avalanche(AVAX)$25.280.92%
  • stellarStellar(XLM)$0.312290-3.66%
  • shiba-inuShiba Inu(SHIB)$0.000016-0.86%
  • hedera-hashgraphHedera(HBAR)$0.214005-4.86%
  • hyperliquidHyperliquid(HYPE)$25.443.45%
  • piPi(PI)$1.203.80%
  • the-open-networkToncoin(TON)$3.36-2.85%
  • bitcoin-cashBitcoin Cash(BCH)$406.64-2.01%
  • polkadotPolkadot(DOT)$5.11-0.96%
  • unus-sed-leoUNUS SED LEO(LEO)$8.641.66%
  • litecoinLitecoin(LTC)$101.890.36%
  • moneroMonero(XMR)$339.550.75%
  • pepePepe(PEPE)$0.0000142.79%
  • bitget-tokenBitget Token(BGB)$4.790.73%
  • daiDai(DAI)$1.000.01%
  • ethena-usdeEthena USDe(USDE)$1.000.01%
  • uniswapUniswap(UNI)$6.95-0.55%
  • bittensorBittensor(TAO)$458.100.29%
  • nearNEAR Protocol(NEAR)$3.18-0.19%
  • aptosAptos(APT)$6.092.33%
  • aaveAave(AAVE)$227.952.55%
  • ondo-financeOndo(ONDO)$1.04-0.40%
  • kaspaKaspa(KAS)$0.1250483.37%
  • okbOKB(OKB)$54.18-0.47%
  • internet-computerInternet Computer(ICP)$5.79-1.28%
  • ethereum-classicEthereum Classic(ETC)$20.181.47%
  • render-tokenRender(RENDER)$5.260.16%
  • crypto-com-chainCronos(CRO)$0.1020121.84%
  • mantleMantle(MNT)$0.81-0.03%
  • official-trumpOFFICIAL TRUMP(TRUMP)$13.532.40%
  • vechainVeChain(VET)$0.031293-1.73%
  • gatechain-tokenGateToken(GT)$21.850.00%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.253446-3.71%
  • ethenaEthena(ENA)$0.4355248.64%
  • usd1World Liberty Financial USD(USD1)$1.00-0.31%
  • filecoinFilecoin(FIL)$3.16-0.46%
  • arbitrumArbitrum(ARB)$0.441684-0.22%
  • algorandAlgorand(ALGO)$0.243715-2.19%