{"id":83559,"date":"2023-08-25T10:18:56","date_gmt":"2023-08-25T07:18:56","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=83559"},"modified":"2025-09-12T11:49:01","modified_gmt":"2025-09-12T08:49:01","slug":"pepe-falls-20-amid-scam-suspicions","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/pepe-falls-20-amid-scam-suspicions\/","title":{"rendered":"PEPE falls 20% amid scam suspicions"},"content":{"rendered":"

The PEPE multisig-wallet reduced the number of required confirmations from 5 to 2 and moved more than 15.7 trillion tokens to exchanges. The asset’s price tumbled by 20% amid concerns of rug pull<\/span>.<\/p>\n

\"Snimok-ekrana-2023-08-25-v-09.48.46\"
Data: X<\/a>.<\/figcaption><\/figure>\n

According to data Safe Global<\/a>, tokens worth $8.2 million were sent to OKX, $6.5 million to Binance and another $434 000 to Bybit. An additional $400 000 was transferred to an unidentified address.<\/p>\n

Multisig<\/a>-wallet PEPE still holds assets worth about $10 million. Moreover, this was the first time coins from this address were sent to centralized exchanges.<\/p>\n

Against this backdrop, the meme token’s price fell sharply from $0.0000011 to $0.00000087. The asset’s market capitalization also declined from $443 million to $366 million, according to CoinGecko<\/a>.<\/p>\n

\"PEPEUSDT_2023-08-25_09-59-26\"
15-minute PEPE\/USDT chart on Binance. Data: TradingView<\/a>.<\/figcaption><\/figure>\n

In late April, PEPE surged dozens of times, turning some holders of the asset into millionaires<\/a>.<\/p>\n

deposited $46 million onto exchanges<\/a> in the meme token. Experts warned of the risks of a coin dump.<\/p>\n

In the same month, an unknown paid $120 000 in fees<\/a> to buy the meme cryptocurrency FOUR for $156,000. Community calculations show the investor managed to realise a profit of $240,000.<\/p>\n","protected":false},"excerpt":{"rendered":"

The PEPE multisig wallet reduced the number of required confirmations from 5 to 2 and moved more than 15.7 million tokens to exchanges. The asset’s price tumbled 20% amid concerns of a rug pull.<\/p>\n","protected":false},"author":1,"featured_media":83560,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1161],"class_list":["post-83559","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-memes"],"aioseo_notices":[],"amp_enabled":true,"views":"28","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/83559","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=83559"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/83559\/revisions"}],"predecessor-version":[{"id":83561,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/83559\/revisions\/83561"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/83560"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=83559"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=83559"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=83559"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}