Putrescence.eth retweetledi
hilarious irony and massive cope to see Plazma (current $PEPE lead) salty over the rise of the $SPX community.
$SPX is objectively hilarious. their taglines are excellent, and their community content creation is outstanding, and clearly organic. for $PEPE "devs" to be claiming otherwise is very rich.
$PEPE on the other hand, was launched by a cabal of influencers and scumbags who deliberately frontran the @pepecoins migration to Ethereum (@pepecoins is the original pepe coin from 2016 that migrated from their L1 to Ethereum in 2023). plans that had been discussed in telegram chats for months prior...
after launching $PEPE the founders later dumped the project's treasury for their own enrichment. not only this, they have been linked to various rugs, hacks, and nefarious individuals.
In the days prior to launching $PEPE, the cabal had launched and rugged two identical attempts using the same ticker and contract. After their third and successful attempt, they nefariously withdrew and dumped the project’s development treasury.
the @bubblemaps of $PEPE shortly after launch alone tells a lot of the story:
x.com/bubblemaps/sta…
but there is much more to it:
@stillnooneagain/doxx-of-pepe-founder-1287c23842a7" target="_blank" rel="nofollow noopener">medium.com/@stillnooneaga…
- Links to Sisyphus & possible links as a conduit for laundering the infamous AnubisDAO hack proceeds.
x.com/NFTethics/stat…
- Dispersals of $PEPE insider wallets & links to identical $PEPE rugs that occurred prior to the $PEPE 2023 launch: x.com/reflexcap/stat…. These links were proven when @degenharambe (one of $PEPE’s founders) doxxed abundantpeaks.eth as one of his other co-founders. x.com/5sec2midnight/…
- The $PEPE team withdrew tokens from the team multisig, dumped them on the market, and went on to buy Lamborghinis: hackernoon.com/$pepe-a-purple…. ZachXBT tracked the wallet movements of the withdrawn multisig funds x.com/zachxbt/status…, the withdrawals resulted in a significant decline in the project’s value overnight.
Despite having already rugged the project’s treasury once, the $PEPE team/cabal continue to hold private holdings of the coin that are several times greater than the current size of the LP. Allowing them to rug the project again at any time.
while there are many such wallets, some of them are identified here:
x.com/SWEATY333/stat…
0x339b07af597a2c6128d067633611baf3f0725b1a 0x91ad1fa7f4fe58295028b09246587057762c2c19 0xc0b3218b16c2ec45df47422a18a5b1f6e070312f 0x3a932fd72f2e01b3661401509493934fcae9652c 0x40c3fa73f2a3a0b5c70076254f9c5b5deab4bf7a 0x26b17986128c21af763f97055680b36166402195 0x1497ebd1ed721dd7b2dc12768545558933df82fd 0x653d7e4998338677515a0edc0b97ada455a4efa0 0x22f6215b40434d9135b06f1c676fd9291936aac3 0x45cf108e79374ad324904c22847569609f48e33c
this cluser of insiders alone holds approx $150M worth of $PEPE. the current uniswap liquidity pool is approx $30M.
credits to @zachxbt, @5sec2midnight, @reflexcap, @SWEATY333, and @NFTethics for their research.
TLDR: $PEPE is a scam operated by serial ruggers, $SPX is not... and @pepecoins is the original pepe coin and is a gud coin, rare coin, safe coin.
believe in something... as long as it isn't $PEPE.
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