The Truth Behind PEPE Coin Founder Revealed, Community Suspects The Scam Project

Key Points:

• Twitter influencer KOL Pauly claims Zachary Testa is the true founder of the PEPE coin, alleging massive profits while sidelining original creator Matt Furie.
• PEPE coin witnesses intense network activity as its development team transfers 16 trillion tokens to exchanges, resulting in a 15% value drop.
• Concerns arise over potential rug-pull scenarios in the crypto community following PEPE’s controversies, leaving investors wary of sudden disappearances and losses.

In a recent revelation, a Twitter personality known as KOL Pauly, boasting a substantial following of over 150,000 on the platform, has pointed fingers at the true identity behind the enigmatic PEPE coin.

According to PAULY, the mastermind behind PEPE is none other than Zachary Testa, currently residing in Arizona and recognized in online spheres as z (@degenharambe) and Lord Kek (@LordKekLol).

Born in 1997, Testa graduated from Arizona State University in 2018 and pursued a career in professional photography.

The accusation goes further, with PAULY alleging that Testa and his associates have raked in substantial profits from PEPE coin, even reportedly acquiring luxury assets like a Lamborghini.

Remarkably, members of the PEPE team appear to share affiliations with prominent entities like Binance and SushiSwap.

Contradicting these revelations, Larva Labs founder Pauly himself contends that the actual founder of Pepe is Testa, emphasizing his background as a landscape photographer and his academic achievements.

What raises eyebrows is the claim that this lucrative venture has not extended any recognition or compensation to the original creator of the “Sad Frog” image, Matt Furie.

Adding complexity to the situation, Testa’s alleged involvement in photography outside the digital realm seems to have encountered its share of controversies.

Despite Pauly’s history of endorsing the PEPE coin, suspicions have arisen due to his own rumored association with the coin’s foundation. As of now, evidence supporting the claims remains scant.

Meanwhile, PEPE coin, an unconventional memecoin launched earlier this year, has undergone significant network activity. Reports indicate substantial sell-offs by the development team.

Recent activities include the transfer of around 16 trillion PEPE coins (equivalent to $15.08 million) to various exchanges, causing a 15% drop in PEPE’s value.

Additionally, the PEPE team’s multi-signature wallet configuration has transitioned from 5/8 to a mere 2/8, with 6.9% of PEPE (29 trillion) finding its way to exchanges.

Further adding to the intrigue, an early PEPE investor managed to collect 524 ETH (approximately $870,000) by selling a sizable portion of their tokens.

These events have left investors understandably concerned about the potential for rug-pull scenarios, wherein project creators lure investments only to disappear, leaving contributors with substantial losses. The saga continues as the crypto community grapples with uncertainty.

At the time of writing, PEPE coin was down more than 26% amid uncertainty in the community.

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