A large PEPE holder continues to increase the reserves of memcoid – Bits Media

Per day the course of popular meme token PEPE, named after the frog of the same name, Fell on 15%. However, This did not stop the owner of significant volumes of token to buy more 640 billion PEPE.

According to Lookonchain platform, "Keith" PEPE has been building up a position for a long time. Now He bought 640 billion tokens on 320 ETH ($529 000). The average purchase price was $0.000001163.

Earlier, the owner of this address also made large purchases of token-meme. for instance, 5 He bought June 500 billion PEPE for 280 ETH ($507 000), And in early May, the address was transferred to the address 164 PEPE billion for the amount 253 ETH ($481 000).

Note, that PEPE developers have changed the algorithm for the work of wallets with cartoons. If earlier it was necessary 5 faithful signatures from 8, then recently the number of correct signatures was reduced to 2.

The community reacted to this with suspicion-such a step may indicate a preparation for the "Rug-Pull" scheme, When developers drop token course to zero and leave with user money. Therefore, recently PEPE has fallen significantly.

Meme tokens are extremely volatile. for instance, In June, the PEPE course grew up 62% In just a week.