$PEPE: Multisig 0x5Bd deposited 16T $PEPE to 4 different exchanges at $0.000001015 on average ($16.29M) just now:

• 8.5T $PEPE ($8.95M) to OKX
• 6.7T $PEPE ($6.53M) to Binance
• 445B $PEPE ($436B) to Bybit
• 400B $PEPE ($374K) to Kucoin
• $PEPE price has dropped by 10.5% post-deposits
• address: 0x5BdEA820293689B77FA8e83b1E3D58B27B5ce9BA

Notably, the $PEPE team:

• received a total of 29T $PEPE from deployer address 0xfbfeaf0da0f2fde5c66df570133ae35f3eb58c9a
• has deposited a total of 18.29T $PEPE (63% of the total allocation) to Binance, OKX, MEXC, Bybit, Huobi, and KuCoin at an average price of $0.0000009066 ($17.2M)
• still holds 10.69T PEPE ($10.04M) in the $PEPE: Multisig 0x5Bd

[Update] The $PEPE development team formally stated on Twitter one day after the massive sales that:

• the sales of 16T $PEPE were due to three former team members having accessed the multi-signature and stolen 60% of the tokens in the wallet, before deleting themselves and all social media profiles

• the remaining 10.6T $PEPE left in the $PEPE multi-sig has been transferred to a new address: 0x9f5E46E4990dee30665b2e803BA134564D1e087F
• txid: 0x70a3a427cb331b345c13976823c8344e6a773479034389f66df1760bd09c168a

Fig 1. $PEPE: Multisig 0x5Bd deposited 16T $PEPE to 4 different exchanges over the past 3 hours.

Fig 2. $PEPE price has dropped by more than 10% since the deposits.

Post 1. $PEPE team's official announcement on Twitter about the sales of 16T $PEPE.