Investors should be aware of several red flags surrounding the Pepe token. The token has an extremely high level of centralization with a large portion of the supply concentrated among just six wallets. It has been observed that these major PEPE holders received their supply almost simultaneously, only four days ago which raises questions about their motives. Moreover, there is a narrative about a trader who seemingly turned a $300 investment into millions that could be an attempt to entice unsuspecting users. Finally, the token does not have any clear use case or purpose that is distinct from other speculative trading cryptocurrencies. Therefore, potential investors should be vigilant and cautious before investing in Pepe.
Alice Taylor
- 2023-04-19
Investing in Pepe Token - Be Aware of the Red Flags
Investors should exercise caution and be aware of red flags surrounding the Pepe token. There is a high level of centralization and the token does not have any clear use case or purpose.
