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Trader with with Frozen Tokens

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14.11.2024

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An unidentified trader, who became the owner of 2.52 trillion PEPE meme coins, earned over $61 million from the price surge. However, he is unable to withdraw or sell his assets because his address is blacklisted by the developers.

The tokens were sent to his address in April 2023, when PEPE was just launching. He bought them for 0.013 ETH ($26). In the past day, PEPE's price has risen by 76%, following the historic surge of Bitcoin, which recently reached $93,477.

It is unclear whether the trader will be able to unlock his assets if the developers decide to lift the ban. Otherwise, his funds may remain frozen indefinitely.