• Pepe Coin (PEPE) recently posted a 19% decline over the past week but has managed a minor 3.9% uptick in the last twenty-four hours according to Coinmarketcap data.
• Accusations emerged against former members of the Pepe currency team, implicating them in wallet theft.
• Over 16 trillion PEPE tokens were transacted, with around $8.2 million worth of PEPE being sent to OKX and Binance & Bybit receiving $6.5 million and $434,000, respectively.
Pepe Coin Posts Mild Gains
Pepe Coin (PEPE) has thrust itself back into the spotlight, but this time conversations revolve around its recent underperformance — a substantial 19% decline over the past week. However, the meme token posted a slight gain today as it is currently valued at $0.0000008969 as of press time with low volatility levels and Relative Strength Indicator below its average line.
Accusations Against Former Team Members
Accusations emerged against former members of the Pepe currency team, implicating them in wallet theft as reported by crypto news outlets and cryptocurrency intelligence platform Santiment which highlighted PEPE’s sudden emergence as the hottest topic over the weekend. Investor worries were ignited by recent PEPE activity driving a price decline and unveiling concerning practices within the project’s multi-sig wallet.
Massive Pepe Coin Transaction
The movement of over 16 trillion PEPE to addresses linked to Binance, OKX, and Bybit fueled skepticism among investors regarding insider trading activity involving those addresses. Analysis reveals that OKX received a substantial $8