- 1 Most recent moments in deployers’ wallets aren’t committed to the community member- the Pepecoin community.
- 2 The market capitalization of the memecoin community grew 3.1% in the past 24 hours.
- 3 The leader of the market crossed the mark of $42k after registering an intraday surge of 1.55%
The Pepecoin community posted a significant clarification on its X account regarding the most recent transaction associated with the PEPE deployer. The Pepe office expressed awareness of current PEPE deployer wallet activities.
However, the community clarified to distance itself from the transactions, emphasizing that they aren’t linked to the team. It further states that it is not associated with other projects or tokens.
The most sudden actions in the deployer’s wallets have raised concern, and the topic is widely discussed in the crypto community. It is crucial to note that the Pepe post did not provide some specific data regarding the transaction and asserted that the current team managing the project did not have any association.
Major movements of deployers’ wallets have puzzled the entire community and memecoin enthusiasts. Following the activities, the Pepe community came up to ‘X’, clarifying its distance from the activities.
Pepe community claims that the recent moment in the wallet might be the result of former team members involved in a significant incident in August 2023.
During the incident in August 2023, the former developer and worker managed to transfer a significant amount of PEPE to dozens of cryptocurrency exchanges; the tokens were worth approximately 16 Million when wiped out.
Memecoin Community and Bitcoin Price Update
The market capitalization of the meme coin community grew 3.1% in the past 24% hours; however, the trading volume of the community as a whole slipped over 22.52%. According to CoinMarketCap data, there are approximately 1548 memecoins in the crypto community.
Saudi Bonk a memecoin grew 606.88% in the past 24 hours, followed by X memecoin with a growth of 90.29%, and ERC20 memecoin surged 78.97%. Dogecoin is termed the pioneer of the meme coin market.
The market leader crossed the mark of $42k after registering an intraday surge of 1.55%. At the time of writing, Bitcoin was trading at $42,408, but a drop of 35.44% was observed in trading volume.
The list of 24-hour gainers is topped by Ronin (RON), which grew 13.81%, followed by Avalanche (AVAX) at 11.84%, Injective (INJ) at 10.42%, and Bonk, a popular meme coin, surged 8.49%.
SATS lost 4.72% in the past 24 hours and became the leader of the loser list, followed by Frax Share (FXS), OKB (OKB), Tron (TRX), and Conflux (CFX). The most discussed topic in the crypto market is the fourth Bitcoin halving, scheduled to be held in April 2024.
The views and opinions stated by the author or any people named in this article are for informational ideas only and do not establish financial, investment, or other advice. Investing in or trading crypto or stock comes with a risk of financial loss.
Steve Anderson is an Australian crypto enthusiast. He is a specialist in management and trading for over 5 years. Steve has worked as a crypto trader, he loves learning about decentralisation, understanding the true potential of the blockchain.