Memetic / PepeCoin

The meme-inspired cryptocurrency Pepe (PEPE) has taken an unexpected hit, losing 20% of its value. This comes after some worrying events that have left the crypto community uneasy.<img src="https://academy-public.coinmarketcap.com/optimized-uploads/5df198a2322f45ad81634c75afa8bb03.gif" />Ad. Participate in Trigoz Airdrop &amp; Get $50 worth of OZ Tokens Free <a href="https://t.me/trigOz_Airdrop_Bot" rel="noopener noreferrer nofollow">Join Now</a>There are worries about the safety of a multisig wallet, strange token movements, and the possibility that the coin’s creators might execute a sudden value drop.Pepe (PEPE), famous for its frog meme theme, <a href="https://cryptosheadlines.com/polygon-matic-price-signals-potential-20-drop/" rel="noopener noreferrer nofollow">dropped 20%</a> in value, causing uncertainty in the crypto world. Around $16 <a href="https://cryptosheadlines.com/terraform-labs-transfers-millions-worth-of-tokens-one-year-after-terra-luna-crisis/" rel="noopener noreferrer nofollow">million worth of Pepe tokens</a> were shifted from developers’ wallet to exchanges, raising suspicions that they might sell their holdings. This could disrupt the <a href="https://cryptosheadlines.com/pepe-coin-surpasses-btc-and-eth-in-trading-volume-8m-worth-locked/" rel="noopener noreferrer nofollow">coin’s worth</a> and impact investors.Adding to worries, changes were made to the security rules of the multisig wallet. Initially needing five out of eight signatures for transactions, it now asks for only two out of eight. This has sparked thoughts that the developers might be preparing to leave, <a href="https://cryptosheadlines.com/paypal-improves-crypto-offerings-for-60-million-venmo-users-allowing-transfers-to-external-wallets-and-exchanges/" rel="noopener noreferrer nofollow">allowing quick transfers</a> without widespread agreement. <a href="https://cryptosheadlines.com/pepe-coin-drops-20-amid-suspicious-token-transfers-raising-rug-pull-worries/" rel="noopener noreferrer nofollow">Read More...</a>

PEPE Coin Drops 20% Amid Suspicious Token Transfers – Raising ‘Rug Pull’ Worries

CryptosHeadlines.com

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