According to the official PEPE Twitter account, some members of the PEPE core team have sold about 16 trillion ($16 million) tokens without announcement.
The statement said that as a precautionary measure, the number of signature wallets required in the multi-signature wallet has been reduced to 2/8 wallets. There are 10 trillion PEPEs in the multi-signature wallet, and now there is only one signature wallet, and this wallet is in safe hands.
According to the statement of the rest of the team, the PEPE altcoin has had some malicious and greedy members since its inception. It is said that these members who hindered the development of PEPE from the first few weeks have now been cleared from the team.
Regarding the sale, the last remaining signing team member announced that he was betrayed on the night of the incident, and three malicious team members sold 16 trillion PEPE from the multi-signature wallet. He also stated that they then tried to cut off all ties with the tokens by removing themselves from the multi-signature wallet.
The remaining team members stated that the tokens sold were never held for sale and the remaining tokens are in safe hands. It was also announced that the PEPE Twitter account is in the hands of the remaining members.
The last team member emphasized in the statement that from now on, he will do everything for the token, and the team members who hindered the development are no longer in the team and now have full control. He said that the remaining 10 trillion PEPE tokens will be moved out of the multi-signature wallet and stored there until they need to be used or destroyed. He said that he could use these funds to buy some PEPE-sourced domains or usernames and then burn the rest.
The last remaining team member announced that he wanted to move PEPE to a fully decentralized position once all transactions were completed.
So, it’s clear that there was a lively discussion among the official team of the token and that the sale was taking place. It’s not clear how true the wallet’s claim to be the last remaining member is.