The price of Pepecoin has crashed by nearly eighty-five percent from its value it stood at (0.00000448$) back in the month of May 2023. This momentum is likely going to continue for the month of September as well.
The coin has now suffered about two security breaches over the past two weeks. The first was on the 24th Of August when the founding team transferred over sixteen million worth of coins (Pepe) with the intention of selling them. This created major concerns across the whole of the crypto community and led to a thirty percent decline in the market of PEPE.
The next instance happened on the 9th Of September, when the official handle of Pepe on X, confirmed that an anonymous person had hacked its channel of Telegram. The anonymous handle went by the name “lordkeklol”.
Ever since this instance, there have also been reports of investors of Pepecoin leaving the project from the distribution data of the concerned token.
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