#PEPE Meme Coin Experiences Unusual Activity and Price Drop.
- PEPE meme coin saw millions sent to exchanges, causing a 12% price drop.
- Concerns arise due to the wallet change and token movement.
- Large PEPE multisig wallet underwent changes in transaction approval.
- Wallet sent over 16 trillion tokens to Binance, OXK, and Bybit addresses.
- Wallet's signature requirement altered from 5 to 2 out of 8.
- It was the first time this multisig wallet sent out the meme coin.