Meme Tokens Generally Fell, and the Current Round of Mainstream Currencies Fell by More Than 15% in 24 Hours
on August 25th, due to the impact of PEPE's plunge, Meme tokens fell today, with mainstream currencies falling more than 15% in 24 hours, including:
PEPE is now priced at $0.0000008712, down 17.92% in 24 hours;
HarryPotterObamaSonic10Inu is now priced at $0.09384, down 16.91% in 24 hours;
MOG is now priced at $0.000000045287, down 26.6% in 24 hours.
PEPE 24H Fell by More Than 20%, and It Is Now Reported at 0.0000008747 USDT
According to the OKX market, PEPE's 24-hour decline reached 20.64%, now reporting 0.0000008747 USDT. Earlier news, the PEPE multi-signature wallet threshold was changed from 5/8 to 2/8, and over 16 trillion PEPE were transferred to CEX.
Twitter KOL Pauly Reveals the True Identity of the Founder of PEPE
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.
Pepe (PEPE) Memecoin Plummets 15% Amidst Fears of Developer "Rug Pull" After $16M Worth of Tokens Sent to Exchanges
The price of Pepe, a memecoin with a frog theme, has dropped by almost 15% due to concerns of a "rug pull" by its developers following changes to a multisig wallet and new token transfers. On August 24, $16 million worth of Pepe tokens were sent from the developers' multisig wallet to various crypto exchanges.
Multisig 0x5Bd Address Deposited $16.29 Million Worth of PEPE Into 4 Different CEXs in the Past 3 Hours
According to Spot On Chain monitoring, Multisig 0x5Bd address has deposited 16 trillion PEPE into 4 different CEXs - OKX, Binance, Bybit, and Kucoin - at an average price of 0.0000001015 USD (16.29 million USD) in the past 3 hours. After the deposit, the price of PEPE seems to have dropped by 10.5%. The address currently still holds 10.69 trillion USD worth of PEPE (10.04 million USD).
PEPE multi-signature wallet rules changed from 5/8 to 2/8, over 16 trillion tokens flowed out from PEPE multi-signature wallet
PEPE multi-signature wallet has changed its threshold from 5/8 to only 2/8. This means that it no longer requires five out of eight wallets to sign a transaction, but only two out of eight wallets. At the same time, as of noon New York time, over 16 trillion tokens have flowed out of the PEPE multi-signature wallet and into addresses related to Binance, OXK, and Bybit. With these actions exposed, PEPE fell by about 12%.
A giant whale sold 825 billion PEPE at a loss in the past 3 days
According to Lookonchain data, a whale has sold 825 billion PEPE coins at a loss in the past three days. The whale withdrew 35,000 PEPE coins (worth $7.6 million at the time) from Binance at the price high points on May 8th and May 13th. Then in August, the whale sold 1.44 trillion PEPE coins (worth $1.73 million) at a loss of about $1.4 million.
A Giant Whale Bought More Than 1 Trillion PEPE With 711 ETH
According to blockchain analyst Yu Jin's monitoring, a whale purchased 10.684 billion PEPE with 711 ETH (approximately $1.28 million). The address transferred the 711 ETH to Binance 2 hours ago and withdrew the 10.684 billion PEPE from Binance 65 minutes later, resulting in an average purchase price of $0.0000012 per token.
Nansen: Many Big Meme BITCOIN Holders Once or Currently Hold PEPE
According to data tracked by Nansen, many top holders of Meme coin BITCOIN have previously or currently held PEPE, including 4 addresses in the top 10 holders of BITCOIN. Nansen stated that 137,000 addresses hold PEPE, while 10,300 addresses hold BITCOIN, but only 1.27% of addresses hold both tokens. Nansen filtered out 9 addresses holding over 50,000 BITCOIN, and hgvmax.eth holds the most PEPE and BITCOIN among all smart money addresses, with a total holding value of over $650,000.
5 Hours Ago a Giant Whale Sold All 1.07 Trillion PEPE at a Loss of About $62,000
According to Lookonchain monitoring data, 5 hours ago, a whale sold 1.07 trillion PEPE (worth 1.33 million USD) at a loss of about 62,000 USD. The whale had purchased 1.07 trillion PEPE for 750 ETH (worth 1.39 million USD) 6 days ago, and then sold it for 250 ETH (worth 457,000 USD) and 876,000 USDC. The whale also spent 294 ETH (worth 53,800 USD) to purchase 11.26 million TOSHI on Base.
