Pepecoin leads today's memecoin surge
Pepecoin (@Pepecoins), an OG memecoin initially launched over 10 years ago on its own blockchain, is trending once again.
The memecoin, now on Ethereum, has surged over 60% in the past 24 hours.
Based on the Pepe The Frog meme, Pepecoin has now surged nearly 200% in the last 30 days.
There is much more to it:
https://t.co/I31qD3Omao
- Links to Sisyphus & possible links as a conduit for laundering the infamous AnubisDAO hack proceeds: https://t.co/qgE5Le4lfi
- Dispersals of $PEPE insider wallets & links to identical $PEPE rugs that occurred prior to the $PEPE 2023 launch: https://t.co/3245Y8t6pt
- These links were proven when @degenharambe (one of $PEPE’s founders) doxxed abundantpeaks.eth as one of his other co-founders: https://t.co/PliY0bgswP
- The $PEPE team withdrew tokens from the team's multisig, dumped them on the market, and went on to buy Lamborghinis: https://t.co/g0g5TetDgN
ZachXBT tracked the wallet movements of the withdrawn multisig funds: https://t.co/Ap0mBq6JdN
Despite having already rugged the project’s treasury once, the $PEPE team/cabal continue to hold private holdings of the coin that are several times greater than the current size of the LP.
🚨 Allowing them to fully rug the project again at any time.
While there are many such wallets, some of them are identified here:
0x339b07af597a2c6128d067633611baf3f0725b1a 0x91ad1fa7f4fe58295028b09246587057762c2c19 0xc0b3218b16c2ec45df47422a18a5b1f6e070312f 0x3a932fd72f2e01b3661401509493934fcae9652c 0x40c3fa73f2a3a0b5c70076254f9c5b5deab4bf7a 0x26b17986128c21af763f97055680b36166402195 0x1497ebd1ed721dd7b2dc12768545558933df82fd 0x653d7e4998338677515a0edc0b97ada455a4efa0 0x22f6215b40434d9135b06f1c676fd9291936aac3 0x45cf108e79374ad324904c22847569609f48e33c
All credit to @zachxbt, @5sec2midnight, @reflexcap, @SWEATY333, and @NFTethics for their research.
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TLDR: $PEPE is a scam operated by serial ruggers.
Believe in something... as long as it isn't $PEPE.