According to KOL PAULY, who has over 150,000 followers on X (formerly Twitter), the true identity of the founder of PEPE is Zachary Testa, who currently resides in Arizona and is active on social media under the usernames z (@degenharambe) and Lord Kek (@LordKekLol). Zachary Testa was born in 1997, graduated from Arizona State University in 2018, and is now a professional photographer.

PAULY accuses Zachary Testa and his team of making huge profits from PEPE (even buying a Lamborghini), but not giving any feedback to Matt Furie, the creator of the original image of "Sad Frog" (Pepe the Frog). In addition, some members of the PEPE team are also associated with the Binance and SushiSwap teams.

PAULY also mentioned that Zachary Testa has had multiple violations while doing photography in real life. It is worth noting that because PAULY has previously expressed support for PEPE multiple times, he was once rumored to be the founder of PEPE. There is no evidence to support the content he disclosed today.