The pepe project side was exposed, and the official project side's wallet was transferred to CEX, causing market panic. A certain whale sold PEPE worth more than 500 Ethereum.
This time, the project owner of pepe was revealed to be a young American fashion photographer who is also a KOL on Twitter. Several people have made huge profits from the pepe project, but the original creator of pepe has not made any profit.
I don’t know if the project team’s wallet is really going to be liquidated and run away when it is transferred to CEX.
Panic in the market has fermented, and those holding spot prices should pay attention to hedging.