Famous NFT Collector Machi Big Brother Buys More Than 66 Billion PEPE Tokens in the Last Three Days – What Does It Mean for the Future of $PEPE?
Jeffrey Huang, also known as Machi Big Brother, a former musician and tech entrepreneur, recently bought 6 billion PEPE tokens for $12,000 USD. However, it’s important to note that Huang has a controversial past in the crypto industry. He has been involved in embezzlement of 22,000 ETH from Formosa Financial and has launched unsuccessful pump-and-dump tokens and NFT projects.
Machi Big Brother’s Bet On PEPE?
Around 14 hours ago, Machi Big Brother, a popular NFT enthusiast, bought 5 billion $PEPE tokens for approximately $9,100 USD through a Uniswap V2 Pool. Just four hours ago, he made another purchase of 6 billion tokens worth $12,000 USD. These transactions were recorded on Arkham.
Using his Ethereum address ‘machibigbrother.eth’, Machi Big Brother made the transaction. The exact average price at which he purchased the PEPE tokens remains unknown.
Machi Big Brother is no stranger to significant crypto purchases, having bought more than 66 billion $PEPE tokens over the past three days. His total investment in this spree amounted to 73.4 ETH.
On April 23rd, Machi Big Brother used Twitter to deny any association with being the founder of Nakamigos or the $PEPE token, refuting the claims made about his involvement.
Machi Big Brother took to Twitter to clarify misinformation, stating that he was not the founder of Nakamigos or $PEPE. Instead, he attributed the creation of these to Beeple/Yuga.
- Curious Crypto History Raises Questions.
Jeff Huang’s participation in two projects, Mithril and Formosa Financial, both of which conducted initial coin offerings (ICOs) in 2018, has raised concerns about his involvement in misleading ventures. Huang, known for collecting NFTs for several years, possesses an extensive collection that includes valuable items like CryptoPunks and Bored Ape Yacht Club NFTs. Additionally, he has introduced his own NFT collection named “Huang’s World.”
Considering Machi Big Brother’s history, there is a chance that his purchase of $PEPE tokens might be an effort to manipulate the market and create a pump-and-dump situation. On the other hand, it is also possible that he genuinely believes in the token’s future potential and its relevance in the expanding NFT market.
Following this recent development, people are curious about Machi Big Brother’s next steps and how they will impact the future of $PEPE and the broader crypto market.
