In a recent development, the $PEPE team encountered significant challenges, as certain team members executed substantial token sales from multisig wallets without prior notification.
Alongside this, alterations to the smart contract were made, decreasing the requisite number of signatures for modifications from 5 wallet addresses to just 2 wallet addresses.
Based on transaction records, on August 31, 2023, 0x025 exchanged 263 billion PEPE tokens for 226,000 DAI stablecoins at a rate of $0.0000008591 per token. This resulted in an approximate loss of $174,000, equivalent to 43.4% of the initial investment of $400,000 made on July 10, 2023.
Are we expecting more loss from $PEPE ?
Team X MucaN