Pepe Coin

Pepe

Coin

<ul> 
 <li><strong>57 new anonymous wallets, with no transaction history, have made the initial investment in PEPE, raising suspicions.</strong></li> 
 <li><strong>Less common protocols, such as Fixed Float and Uniswap Universal Router, were deployed by the suspected insiders.</strong></li> 
</ul> 
<p>In an exclusive investigation, Sasha, the co-founder of <a href="https://twitter.com/ArcanumVentures?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Eauthor" target="_blank" rel="noreferrer noopener nofollow">Arcanum Ventures</a> delves into the mysteries surrounding PEPE, one of the most sensational memecoins of recent times. Building on his previous report, he meticulously scrutinized the early on-chain transaction data, unveiling a startling revelation. Shortly after the complete token supply of Pepe was minted, a staggering 93% of these tokens were swiftly transferred to the Liquidity Pool (LP). The series of events that followed this transfer have turned out to be the “PEPE Mystery.”</p> 
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<p>Immediately following the massive token migration into the Liquidity Pool, a flurry of buy transactions swept through the Pepe ecosystem, totaling approximately half a percent of the entire token supply. The rapid succession of these transactions, occurring within a brief timeframe was suspicious.</p> 
<h3 class="wp-block-heading" id="h-participation-of-newly-created-wallets">Participation of Newly Created Wallets</h3> 
<p>The most speculative discovery on-chain data analysis – a multitude of these transactions were executed by 57 newly created wallets, devoid of any prior transaction history. This mysterious happening raises questions about the identities and intentions of these anonymous investors who seemingly materialized out of thin air to participate in the PEPE trading.</p> 
<p>This pointed towards a meticulously coordinated insider operation that may have been at play, aimed at swiftly acquiring a substantial chunk of Pepe token supply upon its integration into the Liquidity Pool, with the intent to cash in on substantial gains once Pepe garnered heightened hype and speculation.</p> 
<p>The analysis involved a thorough examination of Pepe’s price history, closely aligned with the speculative token transactions. Each of the 57 unknown wallets invested around $50 in PEPE, only to later cash out profits, nearing a staggering quarter of a million dollars per wallet.</p> 
<h3 class="wp-block-heading" id="h-massive-gains">Massive Gains</h3> 
<p>As per the co-founder, the implications are nothing short of jaw-dropping, as this potentially coordinated effort suggests that a single individual or a well-coordinated group might have pocketed over $10 million within a mere one-week timeframe. The revelation of this massive windfall underscores the captivating and, at times, enigmatic world of cryptocurrency.</p> 
<p>In the ongoing process of unveiling the identities behind these intriguing insiders, Sasha aims to construct a character profile based on their on-chain activity, transaction history, and possible interactions with other assets.</p> 
<p>He addressed a critical question that might have crossed many minds: How did these seemingly new wallets, with no prior assets, execute their PEPE purchases? The answer lies in the existence of funding transactions that provided them with a sufficient supply of <a href="https://thenewscrypto.com/ethereum-dips-below-1530-whats-next-for-eth-investors/" target="_blank" rel="noreferrer noopener">Ethereum</a> (ETH) needed for their acquisitions.</p> 
<h3 class="wp-block-heading" id="h-diving-deeper">Diving Deeper</h3> 
<p>The next investigative step was to explore these funding wallets, which took Sasha even deeper into the labyrinth of on-chain data, potentially shedding more light on the coordination he suspected.</p> 
<p>According to Etherscan, on April 14th, around 8:00 PM GMT, a wallet executed its first recorded transaction—buying PEPE. This timestamp served as the entry point for uncovering the probable funding transaction that preceded it.</p> 
<p>Upon further examination of transactions, Sasha identified a transaction just 20 minutes prior to the buy, where 0.06 ETH flowed into the wallet. This seemingly came in via “<a href="https://fixedfloat.com/en/">FixedFloat</a>,” a cryptocurrency exchange that is integrated with Lightning Network. </p> 
<p>The investigation then extends to encompass a multitude of new wallet addresses. These addresses were analyzed using a transaction behavior workbook specifically designed for this purpose. Numerous wallets were assessed, filtered by their primary funding asset, and pulled relevant data from various on-chain API integrations.</p> 
<p>As a result, the investigation could ascertain the number of transactions, both incoming and outgoing, for each wallet, as well as the respective volume of ETH. This analysis yields valuable insights, allowing them to map out the flow of Ethereum across these wallets and link them to potential funding sources. All pieces of the puzzle began to fall into place.</p> 
<h3 class="wp-block-heading" id="h-critical-golden-hour-and-pepe-insiders">Critical ‘Golden Hour’ and PEPE Insiders</h3> 
<p>The co-founder revealed that all 57 suspected wallets that snapped up PeEPE during the critical “golden hour”, were funded by just eight sources. Adding another layer of intrigue, it becomes apparent that these funding transactions occurred within a two-hour window right before PEPE’s 93% token supply moved into the Liquidity Pool.</p> 
<p>Looking closer at these funding sources, the investigator highlights that 13 wallets were powered by the FixedFloat hot wallet. Additionally, 32 wallets were supplied by the Uniswap Universal Router, a protocol within the Uniswap ecosystem that enhances transactional flexibility. These findings emphasize that the coordinated purchases might have been executed by insiders tied to Pepe’s creation.</p> 
<h3 class="wp-block-heading" id="h-mysterious-pepe-insiders">Mysterious PEPE Insiders?</h3> 
<p>Adding to the intrigue, the investigator notices a couple of Ethereum Name Service (ENS) designations in the mix. For instance, he came across “beautifulbabbys.eth” and “dancebabbydance.eth,” which, despite their peculiar names, offer vital clues. The similarity in names, incorporating “babby”, suggests a connection between the wallet owners. This points to a coordinated effort in the early stages of PEPE’s launch, possibly implicating these individuals as insiders or founders of the project. </p> 
<p>The transaction history reveals a diverse array of assets, some of which may be microcap altcoins, given the volume of tokens being exchanged. Interestingly, the latter ENS owner was also identified as investing in other memecoins such as Ribbit (RIBBIT) and Wagmi Coin (WAGMI). While the other specifics of these tokens may not be familiar, their movements provided insights into the target’s financial activities.</p> 
<p>Furthermore, he examines the time intervals between their buy and sell transactions. Sasha stated that he would carry on with the investigation and come up with more key aspects, where he would delve even deeper into the identities behind these transactions. He intends to monitor the communities in crypto Twitter, Telegram, and Discord, studying how these individuals interact. </p> 
<p>In conclusion, the investigator pieced together a preliminary profile of the individuals possibly behind these transactions using simple on-chain data analysis. For now, he concluded an outlook—this appears to be a coordinated insider transaction campaign, possibly orchestrated by <a href="https://thenewscrypto.com/pepe-surges-13-sparking-future-speculation/" target="_blank" rel="noreferrer noopener">PEPE’s</a> creators. </p>

Pepe Coin Funding Scheme Hints at Coordinated Insider Effort

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TheNewsCrypto

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