Pepe

Coin

Trillion

<figure><img src="https://u.today//sites/default/files/styles/1200x900/public/2023-06/36166.jpg" alt="Cover Image" width="800"
 height="500">
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 </figure><a href="https://twitter.com/lookonchain/status/1669203400981106688?s=20">Lookonchain</a>, a prominent crypto intelligence project, recently reported a staggering development as address "0x1497" has allegedly sold off a mind-boggling 972,84 billion PEPE coins for 514 ETH, equivalent to a substantial $848,000. The transaction took place earlier today, with the selling price of each PEPE coin standing at $0.0000008718.<a href="https://u.today/pepe-pepe-suddenly-jumps-7-as-whale-snaps-up-trillions-of-tokens">card</a>The sale has prompted Lookonchain to raise suspicions about the involvement of a potential insider from the <a href="https://u.today/pepe-pepe-suddenly-jumps-7-as-whale-snaps-up-trillions-of-tokens">Pepe coin</a> side. Evidence supporting this theory stems from a previous incident in April, preceding the infamous meme coin saga.During that time, the same address received 0.58 ETH from FixedFloat crypto exchange and swiftly utilized 0.027 ETH, around $58, to purchase a staggering 2.27 trillion PEPE coins within a mere 10 minutes of the coin's initial trading phase.<img alt="" data-entity-type="file" data-entity-uuid="1acc7cbf-45c4-4135-add6-32bf39f0bb74" src="https://u.today/sites/default/files/inline-images/PEPE_1M_graph_coinmarketcap.jpeg" />PEPE to USD by <a href="https://coinmarketcap.com/currencies/pepe/">CoinMarketCap</a>Following the alleged insider's recent sell-off, <a href="https://u.today/pepe-leverages-mainstream-tokens-downfall-soars-15">PEPE</a> has experienced a further decline in value, plummeting an additional 2%. At certain moments, the decline exceeded 5%, casting a dark shadow over the coin's future prospects. In the broader context, PEPE coin has witnessed a downward trajectory for the past 40 days, reaching its peak at 0.0000045 after news of its listing on Binance, the largest crypto exchange. Since then, the coin has endured a disheartening 81% loss in value.<a href="https://u.today/pepe-aims-for-30-day-plunge-heres-why">card</a>As for now, a significant concentration of PEPE tokens lies in whale addresses, comprising 41.73% of the total token supply, hints <a href="https://app.intotheblock.com/coin/PEPE/deep-dive?group=all&amp;chart=all">IntoTheBlock</a> data. These whale addresses hold at least 1% of the overall PEPE coin circulation, further highlighting the potential impact of insider activity on the market.

Massive 1 Trillion PEPE Coin Sell-Off: Alleged Insider Dumps Meme Coin

U_Today

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