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Crypto influencer Jeremy “Pauly” Cahen once a PEPE promoter has now accused the Pepe Coin team of insider trading after nearly 16 trillion PEPE is stolen. He is currently doxxing members of the Pepe Coin team and revealing their transactions and wallets. Some on-chain analysts have revealed massive Pepe Coin transactions by insiders.
Pepe Coin Team Accused Of Insider Trading
Pauly in a post on August 26 revealed that the Pepe Coin team is holding at least $16-17 million worth of PEPE in 9 different wallets. However, insiders didn’t sell from these wallets. Pepe Coin insiders deliberately dumped PEPE from the centralized exchange (CEX) wallet after creating a massive short position.
“I’ll likely be working w/ multiple branches of law enforcement to make sure that @degenharambe & the rest of his partners on the @pepecoineth team get brought to justice as soon as possible. Their greed & crimes have caused undue harm to many.”
To give you an idea of how much $pepe the @pepecoineth team distributed to themselves at launch and currently still holds.
Over 90% of the assets in these insider wallets is in $pepe. https://t.co/GuN210UNje pic.twitter.com/ZJl598bpM4
— PAULY (@Pauly0x) August 26, 2023
He has also doxxed multiple members of the Pepe Coin team and outlined their transactions. The community is being used by the Pepe Coin team and their clarification about multi-sig wallets and PEPE holdings are complete lies, said Pauly.
On-chain analyst Yazan reported that insiders have started selling PEPE holdings. Almost 400 billion PEPE have already sold as Pauly doxx Pepe Coin team members. Yahan asked Binance, OKX, and other crypto exchanges to take all necessary measures to freeze any transactions from insiders.
Also Read: Hashdex Files Unique Spot Bitcoin ETF Application With US SEC
PEPE Price Slides 20%
Pepe Coin has a bearish outlook as the price tumbled 20% amid selloffs by the Pepe Coin team. Amid the negative sentiment in the community, PEPE price failed to sustain a 10% jump and fell lower on Saturday.
PEPE price is trading at $0.00000090, down 7% in the past 24 hours. The 24-hour low and high are $0.00000085 and $0.00000095, respectively. Furthermore, trading volume has decreased in the past 24 hours, indicating a decline in interest among traders.
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