PEPE Coin Surges 38% Following Latest Update Release

New Advisors Step In to Steer PEPE Coin Forward

PEPE, the memecoin sensation, witnessed a remarkable 38% surge after the highly anticipated release of its latest updates. Recently, Pepe Coin X announced a new team of advisors, signaling a strategic push for the coin’s future.

6.9T $PEPE Tokens worth ~$6,000,000 have been burned. https://t.co/aN5LRUFz8u

A new team of advisors have been brought on to guide Pepe forward. Uses for the remaining 3.79T tokens attributed to the original team CEX multi-sig wallet for strategic partnerships and marketing… pic.twitter.com/JN3ssvH0XL

— Pepe (@pepecoineth) October 24, 2023

The team expressed its commitment to providing real-time updates on any token burns, movements, or utilizations, ensuring transparency and trust within the $PEPE community.

It’s worth noting that on Oct. 24, the PEPE team address burned 6.9 trillion PEPE ($6.76M). The PEPE team address currently holds 3.79 trillion PEPE ($3.72M).

With a focus on exploring strategic partnerships and marketing avenues, the team wants to utilize the 3.79 trillion tokens to fuel the coin’s growth in the coming days.

Unraveling the Turbulent Journey of PEPE Coin

On August 24, the Pepe Coin community was shaken by unexpected changes to the multi-signature $PEPE wallet. A substantial amount of tokens were swiftly transferred to centralized exchanges, leaving the community in a state of confusion and concern. The subsequent plummet in $PEPE’s price further intensified the turmoil, casting doubts on the coin’s stability and resilience.

In the midst of the chaos, Pepe’s official Twitter handle exposed individual selfish motives and manipulative actions within the $PEPE team, exposing internal conflicts. The developments led to a selling frenzy, resulting in a substantial drop in values for Pepe coin (PEPE). As of Sept. 23, PEPE was trading at $0.0000006174, an 80% drop from its all-time high.

As of writing, PEPE is trading at $0.0000009547, up 29% in the last 24 hours.

PEPE 24-hour price chart (Source: CoinMarketCap)

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