PEPE plunges 15% as unusual token actions spark fears of rug pull

The worth of the frog-themed memecoin Pepe (PEPE) has plunged practically 15% after latest adjustments to a multisig pockets and new token transfers ignited fears of a “rug pull” by its builders.

The allegations — in addition to the unfavourable value motion — got here as $16 million value of Pepe tokens had been despatched from the builders’ multisig pockets to varied crypto exchanges on Aug. 24.

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