Token

Pepe

<a href="https://bitcoinworld.co.in/pepe-distances-itself-from-strange-pepe-token-transactions/" title="Pepe Distances Itself From Strange PEPE Token Transactions" rel="nofollow"></a>
The official PEPE X account has issued an important clarification as regards recent strange transactions from the PEPE deployer.&nbsp; 
PEPE <a href="https://twitter.com/pepecoineth/status/1750892041419272415?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1750892041419272415%7Ctwgr%5Ef7e44edd297db6cc419c7977dfb89b9daf1f1c65%7Ctwcon%5Es1_&amp;ref_url=https%3A%2F%2Fu.today%2Fpepe-makes-important-clarification-on-strange-pepe-token-transactions">states</a> it has been aware of recent action in the PEPE deployer; however, the particular transactions were not provided in the tweet.&nbsp; 
<blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
 It has come to our attention that there has been a recent action in the <a href="https://twitter.com/search?q=%24PEPE&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$PEPE</a> deployer. These transactions and any future transactions from the deployer wallet have no association to the remaining team of <a href="https://twitter.com/search?q=%24PEPE&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$PEPE</a> and Pepe is not associated with any other projects or tokens. These… <a href="https://t.co/4qjLNqkYgr">pic.twitter.com/4qjLNqkYgr</a> 
 — Pepe (@pepecoineth) <a href="https://twitter.com/pepecoineth/status/1750892041419272415?ref_src=twsrc%5Etfw">January 26, 2024</a>
</blockquote> 
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
PEPE distances itself from this strange activity, stating that these transactions, as well as any future transactions from the deployer wallet, have no association with the remaining team of PEPE.&nbsp; 
In addition, PEPE says it is not associated with any other projects or tokens.&nbsp; 
The said transactions might have been made by the nefarious ex-team members who previously stole from the PEPE treasury, the PEPE team stated.&nbsp; 
It is worth recalling the incident in August 2023, when some rogue PEPE developers made a series of unexpected transactions from the project’s multi-sig wallet, effectively stealing millions of dollars in PEPE.&nbsp; 
See Also: <a class="row-title" href="https://bitcoinworld.co.in/okx-discontinue-crypto-mining-pool-services/" aria-label="“OKX Discontinue Crypto Mining Pool Services” (Edit)">OKX Discontinue Crypto Mining Pool Services</a> 
A series of unusual transactions occurred from the PEPE multi-sig CEX wallet, which houses a significant portion of the coin’s total supply, resulting in the transfer of 16 trillion PEPE tokens, worth approximately $15.7 million at the time, to various crypto exchanges such as OKX, Binance and Bybit.&nbsp; 
Following that, the PEPE team clarified the incident and announced the transfer of the remaining 10 trillion tokens to a new wallet, to be carefully stored until they are used or burned.&nbsp; 
Months later, PEPE burned 6.9 trillion PEPE out of the 10 trillion tokens that remained following the theft incident. 
PEPE also stated that it had brought on a new team of advisors to help it move on while it looked into potential uses for the remaining 3.79 trillion tokens ascribed to the previous team’s CEX multi-sig wallet for strategic partnerships and marketing.&nbsp; 
At the time of writing, the <a href="https://coinstats.app/coins/pepe/">price</a> of the frog-themed meme coin Pepe (PEPE) was up 0.95% in the last 24 hours to $0.00000107. 
<figure id="attachment_63964" aria-describedby="caption-attachment-63964" style="width: 100%" class="wp-caption aligncenter">
 <img decoding="async" class=" wp-image-63964" src="https://bitcoinworld.co.in/wp-content/uploads/PEPE-Price-Chart-1-483x300.png" alt="" width="604" height="375" srcset="https://bitcoinworld.co.in/wp-content/uploads/PEPE-Price-Chart-1-483x300.png 483w, https://bitcoinworld.co.in/wp-content/uploads/PEPE-Price-Chart-1.png 760w" sizes="(max-width: 604px) 100vw, 604px">
 <figcaption id="caption-attachment-63964" class="wp-caption-text">
 PEPE Price Chart | Source: Coinstats
 </figcaption>
</figure> 
The post <a href="https://bitcoinworld.co.in/pepe-distances-itself-from-strange-pepe-token-transactions/">Pepe Distances Itself From Strange PEPE Token Transactions</a> appeared first on <a href="https://bitcoinworld.co.in">BitcoinWorld</a>.

Pepe Distances Itself From Strange PEPE Token Transactions

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