PepeCoin

In a surprising twist, the meme coin market is in turmoil due to an alleged insider selling 972.84 billion PEPE coins. This has caused a ripple effect of shock among the crypto community. The sale, worth $848,000, has raised suspicions about the involvement of someone within the Pepe coin team. This development has worsened the downward trend that the PEPE coin has experienced over the last 40 days, resulting in an 81% drop in value since its peak when it was listed on Binance.Crypto intelligence project <a href="https://twitter.com/lookonchain/status/1669203400981106688?s&#61;20" rel="noopener noreferrer nofollow">Lookonchain </a>has shed light on the alleged insider&#39;s actions, revealing a previous incident in April that adds weight to the suspicions.<img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/e3202129e6934107b4833b8b409956a7.png" />The address &#34;0x1497&#34; received funds from the FixedFloat crypto exchange and promptly used a portion of the received funds to buy an astonishing 2.27 trillion PEPE coins in just 10 minutes during the initial trading phase of the coin. This sequence of events, combined with the recent sell-off, has raised concerns about the impact of insider activity on the market.Following the insider&#39;s sell-off, PEPE coin experienced an additional 2% decline in value, with occasional drops surpassing 5%. This significant decrease casts a shadow of uncertainty over the prospects of the coin. It is important to note that the PEPE coin had already been on a downward trajectory, witnessing a continuous decline for the past 40 days. The coin&#39;s value peaked at 0.0000045 after news of its listing on Binance but has since suffered a disheartening 81% loss.Read full article at <a href="https://cryptotale.org/insider-sell-off-raises-concerns-over-pepe-coins-future/" rel="noopener noreferrer nofollow">CryptoTale.</a>

Insider Sell-Off Raises Concerns Over PEPE Coin's Future

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