The Binance Hacker Dumped $32 Million of Pepe, and PEPE Still Rose 7%. Is the Memecoin Rally Real?
24/7 Wall St.
A hacker unloaded tens of millions in Pepe tokens onto the market, yet the memecoin climbed while Bitcoin and Ethereum sank. Whether the buyers behind that move have real conviction or simply sparked a short-lived frenzy is a question with… This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them. A wallet linked to the Binance hack has dumped 7.77 trillion Pepe ( CRYPTO: PEPE ) tokens, valued at around $32 million. Surprisingly, PEPE’s price still rose 8.5% within 24 hours. PEPE, a frog-themed memecoin without any underlying product or revenue, is trading at $0.00000531. This marks a rise from its October 28 closing price of $0.00000503, its highest daily close in the past 90 days.
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A listing, a launch or an airdrop is not a reason to buy. Check the contract address on the project's own site. Never sign a transaction or hand over a seed phrase to claim anything.
