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.
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.”
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 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.
Also Read: Lawyer Deaton Calls For Hinman And Clayton To Testify In XRP Lawsuit
Kevin Warsh will face a Senate Banking Committee nomination hearing on April 16. The hearing…
Pro-XRP lawyer John Deaton has predicted that the CLARITY Act is unlikely to pass again…
Ethereum Treasury firm Bitmine has acquired more ETH even as the company continues to double…
Iranian Foreign Minister Abbas Araghchi has denied reports that Iran rejected peace talks with the…
Fed rate cut expectations collapsed after stronger-than-expected U.S. jobs data changed market sentiment and forced…
As the US-Iran war enters its 36th day, global oil prices have surged past $111,…