“Hey, sorry about the blatant theft.” – the remaining PEPE team.
TL;DR
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ICYMI: a couple of months in the past, three members from the founding crew of PEPE (the meme coin) made off with round $15M price of PEPE tokens.
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However now, the brand new crew of advisors is making an attempt to make good, by burning $5.5M price of their remaining tokens, and decreasing their luggage all the way down to $3.72M complete.
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It is their approach of claiming “We’ve got good intentions – and even when we do not – we will not do any harm with what’s left.”
Full Story
ICYMI: a couple of months in the past, three members from the founding crew of PEPE (the meme coin) made off with round $15M price of PEPE tokens.
(Tokens that had been put apart to help and develop the mission. Not cool!).
However now, the brand new crew of advisors is making an attempt to make good, by burning $5.5M price of their remaining tokens, and decreasing their luggage all the way down to $3.72M complete.
Why destroy greater than half of their remaining funds?
As a result of $3.72M cannot do a lot harm.
That’s to say: if the crew bought it abruptly, the promote stress would not have an effect on PEPE’s worth a lot (if in any respect).
It is their approach of claiming “We’ve got good intentions – and even when we do not – we will not do any harm with what’s left.”
Plus, added bonus for the remaining holders:
The entire course of diminished the entire provide of PEPE by 1.6%, and elevated the token’s worth by by 31%.
