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Pepe Experiences Partial Rug Pull As Anonymous Developers Sell $16M Worth of Token; New Spin-Off Emerges

The new memecoin Pepe (PEPE) experienced a partial rug pull when its anonymous developers sold almost $16 million worth of the token without the knowledge of the official Pepe X account, causing a drop in price of up to 26%. Although some believe the event will not have a significant impact on the token's long-term outlook, others are concerned about increased volatility and hope for the memecoin to collapse.

In response, an anonymous team has created a spin-off of the original Pepe token that they claim is free from previous issues. The new PEPE token is described as the "true essence" of DeFi, with a decentralized and community-driven approach, and a deflationary model without team tokens. Additionally, a magazine article offers a 3-point plan for investing in memecoins.

Pepe Pepe $0.00
-3.14%
PEPE DeFi
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