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<ol><li>Jeremy “Pauly” Cahen, a former Pepecoin promoter, accuses the Pepecoin team of insider trading involving 16 trillion <a href="https://cryptonewsland.com/pepe-price-prediction-2023-up-to-2031/" rel="noopener noreferrer nofollow">PEPE</a> tokens.</li><li>On-chain analysts corroborate the allegations, pointing to significant transactions involving Pepecoin insiders.</li><li>The Pepecoin team allegedly holds $16–17 million in PEPE tokens across nine wallets but refrains from selling, raising suspicions.</li></ol><p>Jeremy “Pauly” Cahen, a former Pepecoin promoter turned crypto influencer, has accused the Pepecoin team of insider trading. According to Cahen, the team strategically offloaded approximately 16 trillion PEPE tokens from a centralized exchange wallet. On-chain analysts, including Yazan, support these allegations, pointing to significant transactions involving insiders.</p><figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper"><blockquote class="twitter-tweet"><p>The <a href="https://twitter.com/pepecoineth?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">@pepecoineth</a> team is holding 16-17 million worth of <a href="https://twitter.com/search?q=%24pepe&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$pepe</a> across at least 9 different insider wallets.<br><br>Why didn’t they sell from those?<br><br>Because by dumping the CEX wallet they knew they could create a massive short position then dump the market + print.<br><br>Insider trading 101.</p>— PAULY (@Pauly0x) <a href="https://twitter.com/Pauly0x/status/1695326073238818950?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">August 26, 2023</a></blockquote></div></figure><p>Cahen further disclosed that the Pepecoin team holds an estimated $16–17 million in PEPE tokens across nine wallets. Surprisingly, they have not sold these holdings. Instead, they’ve established a substantial short position, raising suspicions of exploiting the community.</p><p>In light of these allegations, on-chain analyst <a href="https://twitter.com/YazanXBT/status/1695284933416145387?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1695310493324333106%7Ctwgr%5Eb9d494ea29f1202f90e5cd72effef92897643dcb%7Ctwcon%5Es3_&amp;ref_url=https%3A%2F%2Fcointelegraph.com%2Fnews%2Fpepecoin-insider-trading-claims-surface-amidst-token-theft" rel="noopener noreferrer nofollow">Yazan</a> has urged crypto exchanges like Binance and OKX to implement preventive measures against transactions from insiders.</p><p>Despite the current turmoil, the future of Pepecoin and PEPE tokens could still be bright. With increased scrutiny and transparency, the project has the potential to regain trust and thrive in the crypto space.</p><figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper"><blockquote class="twitter-tweet"><p><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f389.png" alt="🎉" class="wp-smiley" style="height: 1em; max-height: 1em;"> Giveaway Alert: Win 100 USDT <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f389.png" alt="🎉" class="wp-smiley" style="height: 1em; max-height: 1em;"><br><br><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f680.png" alt="🚀" class="wp-smiley" style="height: 1em; max-height: 1em;"> Participate in our exciting giveaway! <br><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f539.png" alt="🔹" class="wp-smiley" style="height: 1em; max-height: 1em;"> Follow <a href="https://twitter.com/cryptonewsland?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">@CryptoNewsLand</a> . <br><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f539.png" alt="🔹" class="wp-smiley" style="height: 1em; max-height: 1em;"> Join our Telegram <br> channel : <a href="https://t.co/DANjSIzz6f" rel="noopener noreferrer nofollow">https://t.co/DANjSIzz6f</a><br><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f539.png" alt="🔹" class="wp-smiley" style="height: 1em; max-height: 1em;"> Like and Retweet this post <br><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f539.png" alt="🔹" class="wp-smiley" style="height: 1em; max-height: 1em;"> Tag your 3 friends in the comments<br><br><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f5d3.png" alt="🗓" class="wp-smiley" style="height: 1em; max-height: 1em;"> Giveaway ends on Aug 29th. <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f3c6.png" alt="🏆" class="wp-smiley" style="height: 1em; max-height: 1em;"> Winners… <a href="https://t.co/eFMJBHv99w" rel="noopener noreferrer nofollow">pic.twitter.com/eFMJBHv99w</a></p>— <a href="https://cryptonewsland.com/" rel="noopener noreferrer nofollow">Cryptonewsland</a> (@cryptonewsland) <a href="https://twitter.com/cryptonewsland/status/1686260181628297216?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">August 1, 2023</a></blockquote></div></figure><h4 class="wp-block-heading" id="h-read-also">Read also:</h4><ul class="wp-block-yoast-seo-related-links"><li><a href="https://cryptonewsland.com/pepecoin-skyrockets-to-400m-cap-leaving-shib-army-in-awe/" rel="noopener noreferrer nofollow">PepeCoin Skyrockets to $400M Cap, Leaving Shib Army in Awe</a></li><li><a href="https://cryptonewsland.com/crypto-craze-pepe-token-skyrockets-investors-beware/" rel="noopener noreferrer nofollow">Crypto Craze: PEPE Token Skyrockets, Investors Beware</a></li><li><a href="https://cryptonewsland.com/pepe-price-prediction-2023-up-to-2031/" rel="noopener noreferrer nofollow">PEPE Price Prediction 2023 up to 2031: Will PEPE Reach $0.000008 Soon?</a></li><li><a href="https://cryptonewsland.com/pepes-binance-entry-pressures-shibs-dominance-crypto-supremacy-at-stake/" rel="noopener noreferrer nofollow">PEPE’s Binance Entry Pressures SHIB’s Dominance: Crypto Supremacy at Stake</a></li><li><a href="https://cryptonewsland.com/pepe-team-moves-16-trillion-tokens-to-exchanges/" rel="noopener noreferrer nofollow">PEPE Team Moves 16 Trillion Tokens to Exchanges, Triggers Price Plunge</a></li></ul><p>The post <a rel="noopener noreferrer nofollow" href="https://cryptonewsland.com/crypto-influencer-exposes-pepecoin-teams-deceptive-practices/">Crypto Influencer Exposes Pepecoin Team’s Deceptive Practices</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://cryptonewsland.com">Crypto News Land</a>.</p>

Crypto Influencer Exposes Pepecoin Team’s Deceptive Practices

Crypto News Land

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