Pepe Team Moves Funds to Binance, Sparking Speculation on Future Transfers
31.01.2025 12:00 1 min. read Alexander Zdravkov
Blockchain data reveals that funds from a multisig wallet linked to the Pepe (PEPE) team were recently moved to Binance, raising speculation about further transfers.
Two days ago, around 170 billion PEPE tokens—worth approximately $2.17 million—were sent from the team’s multisig wallet to a new address.
Today, 6 billion PEPE, valued at $76,000, was transferred from that wallet to Binance, fueling speculation that the remaining tokens could follow.
The PEPE project previously faced internal conflicts when a portion of its treasury was moved without authorization.
The developers responsible were later removed, and no similar incidents have occurred since.
Despite past setbacks, PEPE has rebounded and remains one of the top memecoins. At the moment, it ranks as the third-largest in its category, just ahead of Official Trump (TRUMP).
While PEPE has gained 5% in the last 24 hours, it has declined by 13% over the past week, mirroring the broader market trend for memecoins.
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