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Back in August 2023, the Pepe Coin community raised some concerns when 16 trillion Pepe tokens, worth roughly $15 million, were mysteriously transferred from the Pepe Coin’s multi-signature wallet to several centralised crypto exchanges.
The news was rapidly in the media making the meme coin drop significantly; the crypto community started expressing their concerns on various social media platforms regarding the future of the entire project.
Someone responded on Pepe Coin’s official X account by posting a thorough explanation for these mysterious transactions. While the explanation was probably intended to reassure the community, it had the opposite effect and raised even more concerns
