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Pepe said three former team members stole approximately 16 trillion Pepe tokens ($15 million) from the project's multisig wallet.

SHIB (Shiba Inu): Shiba Inu is perilously close to a major resistance level of $0.00000804. This point has historically served as both support and resistance.

The PEPE official Twitter account revealed, shockingly, that certain members of the PEPE core team sold a stunning 16 trillion ($16 million) tokens without prior disclosure.

Pauly has levied serious allegations against PEPE's official "truth," sparking a maelstrom of controversy.

In an astonishing twist of events, Pepe Coin ($PEPE), a prominent meme-inspired cryptocurrency that has stood out as a strong performer in the crypto arena this year, has experienced an unanticipated plummet of 14% in its price within a remarkably short span of time. This unexpected and dramatic decline was set in motion by a wave of apprehension, largely fueled by discussions on social media laden with elements of Fear, Uncertainty, and Doubt (FUD).

The price of Pepecoin (PEPE) has continued to fluctuate since the exploit on its community channels a few days ago. At the time when the attack was perpetrated, the coin was trading at $0.0000009045 but over the last couple of hours, PEPE has been on a downward trend.

On Aug. 24, 16 trillion Pepecoins (PEPE), worth around $15.7 million at the time, were unexpectedly withdrawn from the project's multi-signature centralized exchange wallet. An anonymous founder of the meme coin pointed the finger at three former team members as the culprits behind the transfers in a post on Aug. 25.

The Pepecoin (PEPE) community was thrown into turmoil following the unauthorized withdrawal of 16 trillion PEPE tokens, valued at approximately $16 million, from the project's multisig wallet. The incident occurred on August 24, 2023, and led to a precipitous 15% drop in the value of PEPE tokens.

The frog-themed cryptocurrency Pepe (PEPE) saw a significant sell-off toward the weekend after concerns emerged about a 16 trillion token sale by its developers.

In a span of six weeks, the Pepe Coin price has experienced aggressive correction which eroded the gains amassed during the vibrant June-July rally. This correction, which commenced from its peak of $0.00000188, has led to a substantial 57.6% drop in price, eventually reaching a low of $0.00000082 in June.

On-chain analyst Yazan reports insider selling of PEPE holdings, with around 400 billion PEPE sold, aligning with Pauly's team exposure.

Crypto influencer Jeremy “Pauly” Cahen once a PEPE promoter has now accused the Pepe Coin team of insider trading after nearly 16 trillion PEPE is stolen. He is currently doxxing members of the Pepe Coin team and revealing their transactions and wallets.

A founding member of PEPE's development team has released a statement blaming co-developers for dumping tokens held in a team multi-signature wallet.

One of PEPE's founders has accused his fellow founders of stealing 16 trillion PEPE worth over $15 million from the project's multi-sig wallet.

In an announcement to the PEPE community, it was claimed that three former members stole funds from the project and then handed over full control to the sole remaining member.

After $PEPE's official statement on unexpected token transfers, Pauly claims the announcement is "100% bullshit", while others question its accuracy.

After receiving a royal welcome into the crypto meme coin market, the Pepe (PEPE) token experienced increased sell pressure in the past 24 hours amid heightened uncertainty.

Pepe Coin's official Telegram compromised; group locked down. Amidst unexpected transactions, community urged to stay alert and follow @pepecoineth for official updates.

PEPE's likely recovery will face a daily bearish OB near $0.00000104 and any stalling could offer sellers a re-entry.

Pepe Coin's price plunged 20% in one week as substantial token transfers by the developer team to exchanges ignited fears of rug-pull, shaking investor confidence.

In an astonishing and unexpected development, the cryptocurrency realm was rocked today as PepeCoin (PEPE) encountered a drastic decline in its market value, experiencing a staggering plummet of over 20%, according to data compiled by CoinGecko. This unforeseen twist has left both investors and enthusiasts grappling with questions about the potential ramifications for the future trajectory of PepeCoin.

Pepe crash: A 20% drop in its price was captured since last week, as per figures from coinmarketcap. Why is PEPE crashing?

Whales and retail investors have sold a substantial amount of the PEPE holdings. Metrics revealed that the memecoin was under immense selling pressure.

A significant amount of the Pepe (CRYPTO: PEPE) meme coin, valued in the millions, was observed entering crypto exchanges on Thursday. This sudden influx alarmed investors, leading to a decline in its price and raising concerns about unusual activities related to the project's multisig, one of the primary holders of this satirical cryptocurrency.