PEPE plunges 15% as strange token movements spark fears of rug pull

The price of the frog-themed memecoin Pepe (

Many memecoin investors heralded Pepe as the next major memecoin, with some suggesting that — come the next bull run — the frog-themed meme token was capable of “flipping” the original memecoin, Dogecoin (DOGE).

The movements of funds out of the multisig could throw this thesis, for some, into question.

Magazine: How smart people invest in dumb memecoins — 3-point plan for success