Jeremy Cahen, the founder of Not Larva Labs, has revealed Zachary Testa as the alleged founder of the PEPE meme coin. This news has caused a 19% drop in the coin’s price within the last 24 hours.The speculation was further fueled by the movement of 16 trillion tokens from a multi-sig wallet linked to the PEPE team, which was initially requiring approval from five of eight associated wallets, but was later changed to only two approvals before the large transfers occurred.Testa’s connections with major cryptocurrency exchanges, including Binance, have been allegedly confirmed, solidifying his role in the PEPE project. Testa has also been criticized for purchasing an expensive Lamborghini while allegedly neglecting to share earnings with Matt Furie, the original creator of the PEPE the Frog meme.
| Information |
Details |
| Geography |
Global |
| Countries |
|
| Sentiment |
negative |
| Relevance Score |
8 |
| People |
Jeremy Cahen, Zachary Testa, Matt Furie |
| Companies |
Not Larva Labs, Coingecko, Binance, Matt Furie, PrimeXBT |
| Currencies |
PEPE, Bitcoin, Ethereum, Binance, USD |
| Securities |
None |
