PEPE plummeted by 16%, and the founder behind it was exposed a 97-year-old photographer who used the money from selling coins to buy a Lamborghini.

PEPE dropped 16% as its 97-year-old founder, a photographer, used the coin sales proceeds to purchase a Lamborghini.

Author: Shenchao TechFlow Manuscript

PEPE dropped 16%!

On August 25th, the PEPE team transferred 160,000 trillion PEPE tokens (equivalent to $15.08 million) to four centralized exchanges, including 85,000 trillion PEPE tokens (equivalent to $7.99 million) to OKX, 67,000 trillion PEPE tokens (equivalent to $6.29 million) to Binance, 44.51 billion PEPE tokens (equivalent to $410,000) to Bybit, and 40 billion PEPE tokens (equivalent to $370,000) to Kucoin.

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In addition, the PEPE multi-signature wallet has changed the threshold from 5/8 to only 2/8, which means it no longer requires 5 out of 8 wallets to sign a transaction, but only requires 2 out of 8 wallets.

The team’s open dumping behavior has angered the community, including some “insiders”.

Not Larva Labs founder LianGuaiuly publicly revealed the information of the PEPE founder on Twitter:

Zachary Testa, born in 1997 in Phoenix, Arizona, graduated from Arizona State University in 2018 with a degree in marketing.

LianGuaiuly said that he used the income from issuing $pepe to buy a purple Lamborghini worth $865,000, while his team did not give a penny to Matt Furie, the creator of Pepe the Frog.

LianGuaiuly said that he helped the PEPE team connect with the Binance listing team and the Sushi team.

Zachary Testa’s biggest label is a photographer. At the age of 12, photography captured his heart, and since then, he has been unstoppable in pursuing photography. You can find his previous works on his personal website https://ztesta.com or on Instagram @zachtesta.

As a landscape photographer, Zachary Testa travels in wilderness areas and indigenous lands. His bold style ignores rules and has repeatedly violated laws in areas where drones are prohibited. He has been fined by the National Park Service multiple times and has been blacklisted by the public organization publiclandshateyou.

Currently, Zachary Testa has four publicly available wallet addresses:

0x8d2a5bdfc692ad912af77016fc75b49856c369f1

0xea40b0f6BA2aD77fF2FedAe98Ca67EaefCBCBE4A (badussy.eth)

0x9c46a675350ce1f7ca616bf4fb4e0a542295e302 611

0x40962b448aa899196906646340cb4eb61a8d49b4

PEPE team’s internal distribution addresses include:

Finally, LianGuaiuly urges everyone to report to the SEC and leaves a kind reminder: “When the sanction amount exceeds $1 million, the reward for the whistleblower can be 10% to 30% of the funds received.”

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