Pepecoin Team Faces Insider Trading Accusations Amid Token Theft Controversy
Portfolio Pulse from Bibhu Pattnaik
The team behind Pepecoin (CRYPTO: PEPE) is facing allegations of insider trading. This comes after a significant theft of 16 trillion PEPE tokens. The team is accused of possessing a substantial cache of PEPE tokens, estimated to be worth between $16–17 million, and using them for internal trading strategies. The value of PEPE has been dwindling, with a 23% decrease in the last seven days.
August 26, 2023 | 8:01 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Pepecoin is facing insider trading allegations, which has negatively impacted its value. The token's value has decreased by 23% in the last seven days.
The allegations of insider trading against the Pepecoin team have created a negative sentiment around the token. This has led to a decrease in its value, with a 23% drop in the last seven days. The situation is likely to continue impacting the token's value in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100