Pepe Memecoin's Concentrated Supply, Price Drop, and Scam
Update: 2025-12-11
Description
New blockchain data reveals that a single entity held nearly one-third of Pepes initial supply, contributing to significant selling pressure and casting doubt on the coins community-driven narrative. The projects website stated a fair distribution, but recent data suggests otherwise. Pepes price has plummeted, and the website was exploited in December. However, some traders have still made millions from the memecoin.
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