Pepe $16 Million Drama Puts It Among Top Trending Assets on Market

Pepecoin faces uncertainty and a decline in investor confidence after a scandal involving the alleged removal of $16 million by former team members, further damaging its struggling position in the market.

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Relevant topic timeline:

8/25/2023

PEPE Plummets 17% as Team Transfers Millions to Exchanges - Decrypt

PepeCoin (PEPE) experienced a significant drop in value after millions of dollars worth of the token were transferred from the team's wallet to exchanges, raising concerns and triggering panic selling among investors.

8/28/2023

Pepecoin Says 'Bad Actors' on Team Stole $15M PEPE

Some rogue developers on the Pepecoin team stole millions worth of Pepe coin (PEPE) by transferring tokens out of the project's multisig wallet, leading to a significant drop in the token's value, according to a team member. The project is now under new control, with plans to grow and decentralize in the future. However, analysts have raised concerns about the concentration of tokens in a few hands, posing risks for investors.

9/4/2023

Pepe Coin Scandal Leaves PEPE Struggling. Experts Recommend a Rival Meme Coin for Better ROI

The decline in the price of Pepe coin is due to a scandal involving the founders, leading investors to consider alternative meme coins like Pikamoon, which is recommended by experts for its potential for portfolio recovery.