Recently, PEPE experienced a significant drop in its token price when three founding members withdrew 60% of the tokens from the network. Whether their actions were rogue or planned as part of their departure remains uncertain. Nevertheless, the remaining founding members have reassured the community of their commitment to advancing the project as the token begins to regain its trading value.

Reports suggest that the departing members were perceived as bad actors who acted rogue instead of resolving a lingering dispute. Confirming this, the remaining founders disclosed that the network now holds 10 trillion tokens after the withdrawal of roughly 16 trillion tokens, valued at approximately $15 million, which were deposited across various exchange platforms such as Binance, OKX, and Bybit.

Following the token price decline to as low as $0.00000082 before recovering to $0.00000087, many members opted to exit their holdings, fearing a prolonged downturn. This incident prompted Whales to enter the ecosystem, with one investor spending $529,000 to acquire 640 billion tokens. The PEPE coin price prediction anticipates price consolidation due to recent developments.

Buying the dip is a common trading practice, with investors strategically accumulating tokens for long-term retention. The investor who acquired 640 billion tokens has been doing so since May 2023, and the current situation has facilitated portfolio expansion.

Moving forward, the PEPE Coin team aims to enhance token decentralization, considering purchasing a new domain for the remaining tokens and either donating or burning them to assist those affected by the incident. The event was disclosed by PEPE on August 24, 2023, acknowledging it as a series of unexpected transactions.

Despite the setback, many members remain optimistic about their holdings, expressing continued bullish sentiment towards the project.