GM Readers!📪 It's BitDegree Insider, and the festivities are about to begin!
⭐️Today's selection:
- 🚨 $15 Million Moved from PEPE's Team Wallet
- 🎂BitDegree Birthday!
- 💸WIN $500!
- 👌Selected Meme of The Day
DOMINO EFFECT
The initial notifications on social media indicated that the number of signatures required to make changes to the PEPE multisig wallet had allegedly been reduced from five to two.
This raises the question: Did this act as a domino effect leading to a 25% loss in the 'asset's' value?
In reality, such changes would have gone largely unnoticed…(most likely)It turns out that, initially, 16.045 trillion PEPE tokens were transferred from the account, totaling $15.7 million. This is almost 4% of the total supply of the asset.
This proved to be the core trigger for the downward spike.
Most of the tokens were allocated to various deposit addresses on exchanges: $8.2 million to OKX, $6.5 million to Binance, and $434,000 to Bybit, with an additional $400,000 sent to an unknown address.This was the first outflow of PEPE from the developers' wallet. Within an hour after the transactions were completed, the number of required signatures for transaction confirmation on the account was reduced from five to two — making it more plausible now.
Despite this, the balance of this account still holds PEPE tokens amounting to more than $10 million (even with a 20% dip).
The plot thickens substantially at this point. These funds weren't just haphazardly shuffled around; they were purposefully funneled to exchanges where this token had already secured a listing.Amid this cloud of uncertainty, a Twitter user steps forth, claiming to have uncovered the enigmatic identity of the meme token's creator. This isn't just idle chatter; this user was directly involved in connecting the creator of this specific Pepe token on Ethereum with listing managers at major exchanges. (or not?!)These aren't ordinary connections; we're talking about gatekeepers who have the power to turn obscure tokens into billion-dollar assets.And they did just that. Back in May, those very listings catapulted the token's market capitalization over the $1 billion threshold. It's almost like a stage play where all actors know their lines too well, yet the audience is kept in the dark, speculating.
The curtains may close, and the lights may dim, but the impression that this could all be an elaborate rug pull lingers.Think about this: while many serious blockchain projects take years to develop and might not even get listed on an exchange, here we have a meme token that is not just surviving but thriving.
TL;DR: A $15.7 million PEPE token transfer precedes a security change in the wallet. A Twitter user claims to know the token's creator, as he connected them with listing managers. With the token's market cap surpassing $1 billion in May, questions loom: Is this a carefully orchestrated rug pull or something else entirely?
It's our 6th BIRTHDAY!
Yeah, you've read that right. Today, we've got a celebration knocking at our door. And you know what a birthday celebration means?
Gifts. But not for us—for you. For those who have stayed with us and made this time meaningful! Read until the end to see what we're talking about.
It's thanks to your support and enthusiasm that we've come so far. And yes, we genuinely have reasons to celebrate and be proud!
During these six unpredictable yet incredibly satisfying years, we've managed to achieve some truly impressive milestones. Just take a look at the list:
- Over 2.3 million course enrollments in our online courses
- Over 1 million students
- A full-fledged shift toward Web3-native content for the company
- Launch of LearnDrops—unique educational resources that provide an innovative approach to learning, as well as rewarding students for their participation and efforts
- Over 100 YouTube videos
As for our precious newsletter, there's something noteworthy to mention as well. Since its launch (just over a year ago!), we've managed to:
Write and publish over 250 newsletters, creating a reader base of over 73,000 people!
And the list goes on. I think you'll agree—this feels good.
Here at BitDegree, online education is our forte. We strive to make it better, more accessible, more efficient, and more valuable. And you know what? We're going to continue doing just that. Thank you for joining us and believing in our mission. Let's see how far we can go!
But wait, remember we talked about gifts?
It is a birthday party, after all. That's right, we haven't forgotten. Listen up, we've got a special offer for all of you:
SELECTED MEME OF THE DAY
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