PEPE Price Nosedives 20% as Meme Coin's Founder Gets Doxxed
Jeremy Cahen, founder of Not Larva Labs, has identified Zachary Testa as the alleged founder of the PEPE meme coin, resulting in a 19% drop in the coin's value within 24 hours.
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Posted 8/25/2023, 2:03:57 PM
cryptopotato.com
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Pepe (PEPE), a popular meme coin, is facing allegations of suspicious movements in contract addresses and a potential rug pull, causing panic among community members and a significant decline in price.
Crypto's biggest memecoin, PEPE, experienced a major setback when 16 trillion tokens worth $16 million were sold by rogue team members, causing a 26% drop in market capitalization, but the remaining founder vows to continue and decentralize the project.