PEPE Whale's Buying Spree and Strange Transfers Shake Investors
A significant holder of the memecoin PEPE took advantage of a price drop and purchased $529,000 worth of tokens, acquiring 640 billion PEPE. The price decline was triggered by modifications to a multisig wallet and concerns about potential developer manipulation. The changes to the wallet raised suspicions of a "rug pull," causing the value of PEPE to plummet by over 20%. The trading price of PEPE currently stands at $0.0000008738, with a trading volume of $283.05 million in the last 24 hours.