Memecoin Quotes are Falling Sharply. PEPE's asset rate fell 20% due to rug pull fears.
25 Aug 2023, 16:46
Memecoin Quotes are Falling Sharply
PEPE's asset rate fell 20% due to rug pull fears. Earlier, the PEPE meme-token wallet reduced the number of required confirmations from 5/8 to 2/8 and transferred more than 15.7 million coins to exchanges.
According to data taken from Safe Global, $8.2 million worth of tokens were transferred to OKX, $6.5 million to Binance and another $434,000 to Bybit. The remaining $400,000 was sent to an unidentified address. PEPE's Multisig wallet still contains about $10 million in assets.
The meme-token exchange rate plummeted from $0.0000011 to $0.00000087. The market capitalization of the asset also fell from $443 million to $366 million.
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