Pepe Touts Mild Gains Despite Rug Pull Concerns

1. WHO was/is affected? Pepe Coin (PEPE) investors and holders are the primary parties affected by the recent developments, particularly those who may have invested during higher price points before the 19% decline. 2. WHAT happened? Pepe Coin experienced a significant drop of 19% over the past week, though it posted a modest 3.9% gain in the last 24 hours. More concerning are accusations against former team members regarding wallet theft, and the movement of over 16 trillion PEPE tokens to addresses connected to major exchanges like Binance, OKX, and Bybit. 3. HOW it happened, and how can the viewer prevent themselves from getting scammed? The situation appears to involve internal team conflicts and potentially unauthorized movement of tokens to exchanges, possibly for liquidation. Investors can protect themselves by: conducting thorough research on project team histories; diversifying investments to limit exposure; using hardware wallets for long-term holdings; setting stop-loss orders; and monitoring on-chain movements of large token quantities to exchanges, which often precede significant price drops. 4. WHY this happened? This situation likely stems from inadequate governance structures and possible lack of locked team tokens. Meme coins like PEPE often lack the rigorous security protocols and vesting periods found in more established projects. The quick profit potential of meme coins can sometimes attract opportunistic actors looking to capitalize on market hype. 5. WHERE are people affected? The impact is global, affecting PEPE holders across various exchanges and wallets worldwide. The involvement of major exchanges like Binance, OKX, and Bybit indicates the wide distribution of affected investors across different trading platforms.