Pepe (PEPE) Memecoin Plummets 15% Amidst Fears of Developer "Rug Pull" After $16M Worth of Tokens Sent to Exchanges

2023/08/25 00:40

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.
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