- Exciting Update: Tokens Worth $8 Million Locked Permanently.
- PEPE Memecoin Creates Excitement as Price Soars by 50% in a Week PEPE Memecoin Sees Significant Surge, Reaching $0.000003097 with $1.2 Billion Market Cap.
According to CoinMarketCap, PEPE Coin’s spot trading volume in the past 24 hours has surpassed all other cryptocurrencies except for popular ones like Bitcoin and Ethereum. Stablecoins like USDT and USDC are not included in this comparison.
When analyzing the exchanges involved, OKX emerged as the top contributor with a trading volume of $650 million. Binance, on the other hand, dominated the futures trading volume, with a total of $1.4 billion in the last 24 hours, ranking just below BTC and ETH.
In a recent update, Binance has announced its intention to list PEPE Coin in the innovation zone and enable spot trading starting from May 5. This move is expected to bring significant liquidity to PEPE and potentially lead to further price increases for the cryptocurrency.
$8 Million Worth of PEPE Coins Locked
Crypto enthusiast @0xCygaar recently shared some interesting information about PEPE’s contract code, revealing that a substantial amount of coins worth around $8 million have been permanently locked.
Here are some fun facts about $PEPE's contract code, including the curious case of $8M worth of coins that are locked up forever 😳: pic.twitter.com/iEiXOFcaZE
— cygaar (@0xCygaar) May 5, 2023
According to crypto enthusiast @0xCygaar, the contract address: 0xAf2358e98683265cBd3a48509123d390dDf54534, which is controlled by the PEPE deployer, has been blocked. This address holds an enormous amount of 2519324010963 tokens, valued at an impressive $8 million USD based on the current price. However, it is important to note that these coins have been permanently locked and cannot be accessed or used.
“The address that was blacklisted made a purchase of $PEPE shortly after the Uniswap pair was introduced. The PEPE deployer recognized this and took action by blacklisting the address just 8 minutes after the tokens were purchased. It is worth noting that no other address has been subjected to blacklisting measures”.
Once the ownership of the contract was renounced, the blacklisted addresses became unchangeable. According to 0xCygaar, there used to be a minimum and maximum token requirement for addresses to make purchases from the Uniswap pair. However, this requirement was removed shortly before the deployer relinquished ownership of the contract.
While the contract includes a burn feature, it does not have the ability to create new tokens through minting.
