The scam and secrets of the Pepe currency that they won't tell you
In the world of cryptocurrencies, where ambitions intersect with fraud, the PEPE currency has emerged as one of the most controversial phenomena in the crypto market. It started as a digital joke inspired by the famous character Pepe the Frog, but it quickly transformed into a project that raised suspicions, especially after its developers' mysterious moves and its connection to dozens of digital scams.
In this article, we reveal secrets that have not been mentioned much about the PEPE currency, and we analyze the reasons why some describe it as a "masked scam."
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Secret one: "Obscure" movements of the developers
In August 2023, the PEPE team suddenly transferred more than 16 trillion tokens – equivalent to about $15 million – to exchanges like OKX, Binance, and Bybit. No clear reasons were announced, and the operation took place just before the currency collapsed by 15%.
This method is known in the crypto world as a "Rug Pull," which is when developers suddenly sell large amounts and flee with the money.
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Secret two: Lack of transparency and identity
Unlike many serious projects, there is no announced identity for the developers behind PEPE. No documented official website, no real roadmap, and no detailed information about the project on platforms like CoinMarketCap.
This means that investors are putting their money into a currency without a known responsible party or real guarantee.
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Secret three: Repetition of fraudulent copies
Since the rise of PEPE, more than 20 fake copies have appeared, such as Mini Pepe and Arabian Pepe, most of which are fraudulent projects that used the name PEPE to attract new victims.
Some of these copies collected thousands of dollars from investors before disappearing within days.
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Secret four: Advanced theft tools
Phishing tools like Inferno Drainer were used to steal investors' wallets through fake links that deceive users into investment opportunities in $PEPE.
Many victims reported losses exceeding $1.2 million due to these scams associated with the currency's name.
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Secret five: Illogical price fluctuations
One of the characteristics of fraudulent currencies is that they rise suddenly without justification, then collapse just as quickly. $PEPE This phenomenon has been witnessed repeatedly, making it more like a "digital casino" than an investment project.
The biggest beneficiaries? The developers and early sellers who sold at the peak.
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Summary: Beware of the golden trap
The PEPE currency may seem tempting due to its rapid increases, but it carries clear signs of fraud. If you are not an expert in analyzing cryptocurrency projects, stay away from it.
In the crypto world, the last laugh is not always for the risk-taker, but for those who read between the lines.
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