Written by: Deep Chao TechFlow writer

PEPE fell 16%!

On August 25, the PEPE team’s multi-signature address transferred 16 trillion PEPE (approximately US$15.08 million) to 4 centralized exchanges, including:

  • 8.5 trillion PEPE (approximately $7.99 million) were transferred to OKX;

  • 6.7 trillion PEPE (approximately $6.29 million) were transferred to Binance;

  • 445.1 billion PEPE (approximately US$410,000) were transferred to Bybit;

  • 400 billion PEPE (approximately $370,000) were transferred to Kucoin.

Additionally, the PEPE multi-signature wallet changed the threshold from 5/8 to only 2/8, meaning that instead of requiring 5 out of 8 wallets to sign a transaction, it only requires 2 out of 8 wallets.

The blatant team-busting move angered the community, including some "insiders."

Pauly, the founder of Not Larva Labs, was furious and disclosed the information about the founder of PEPE on Twitter:

Zachary Testa, born '97 in Phoenix, Arizona, graduated from Arizona State University in 2018 with a degree in marketing.

Pauly said he used the $pepe proceeds to buy an $865,000 purple Lamborghini, while his team didn't give Matt Furie, the original creator of Pepe the Frog, a penny.

Pauly said that he was the one who helped the PEPE team connect with the Binance currency listing team and the Sushi team.

Zachary Testa’s biggest personal label is that of a photographer. Photography captured his heart when he was 12 years old, and he has been out of control since then. He regards photography as his life pursuit. You can find it on his personal website https://ztesta.com or Instagram@ zachtesta Find his past works.

As a landscape photographer, Zachary Testa travels through wilderness areas and indigenous lands. His bold style makes him ignore the rules. He has repeatedly violated the law in areas where drones are prohibited, and has been fined by the National Park Service many times. , and therefore entered the blacklist of the public organization publiclandshateyou.

Currently, Zachary Testa has 4 public wallet addresses:

0x8d2a5bdfc692ad912af77016fc75b49856c369f1

0xea40b0f6BA2aD77fF2FedAe98Ca67EaefCBCBE4A (badussy.eth)

0x9c46a675350ce1f7ca616bf4fb4e0a542295e302 611

0x40962b448aa899196906646340cb4eb61a8d49b4

The PEPE team’s internal distribution addresses include:

Finally, Pauly called on everyone to report to the SEC and left a friendly reminder: "When the sanction amount exceeds $1 million, the whistleblower reward amount can range from 10% to 30% of the funds collected."