Pepe Coin’s recent controversy over a possible rug pull has created a lack of confidence in the meme coin, which at one point used to have a market cap of $1.44 billion. Crypto whales and significant investors have pulled out their money, signaling that it’s time to search elsewhere for promising investments.
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Crypto presales may be the answer. Meme coins like Elonator and Pomerdoge have opted to give crypto enthusiasts a chance to invest early in the critical development stages of their DeFi projects. Instead of encountering unnecessary market volatility, presales allow investors to buy tokens at stable prices until the meme coin ecosystem is ready for listing on DeFi exchanges.
Pepe Coin Scandal: $16 Million Worth Of PEPE Taken Away From Multi-Sig Wallet
On the 24th of August, key members of the Pepe Coin development team withdrew up to $16 million from the Meme Coin’s multi-sig wallet. The holdings were then deposited in OKX, Bybit, Binance, Kucoin, and other cryptocurrency exchanges. According to Digital Asset Research Platform ASXN, the team members deposited $8.36 million to OKX, $6.6 million to Binance, $438,000 to ByBit, and a remaining $400,000 to an unknown exchange or wallet.
Alongside the suspicious withdrawal of funds, the number of signatures required to access the multi-sig wallet was reduced from 5 to 2. The multi-sig wallet is usually a secure form of wallet storage and requires multiple approvals to access it. Crypto whales have already started to pull out, including an early buyer of PEPE Coin who sold $870,000 worth of the meme coin in exchange for ETH.
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To avoid unnecessary market swings caused by events such as the one mentioned above, presales like Elonator and Pomerdoge can help balance out high levels of volatility, offering discounted prices on tokens before they’re listed for trading purposes.
Could Presales Be A Suitable Alternative To Meme Coin Volatility?
Elonator’s presale has an early investor opportunity of being able to earn as high returns as possible. This is because speculators are given the chance to invest in the early stages of the ETOR token. Elonator holds a strong connection to the meme culture through its main character which is a combination of Elon Musk and Terminator. The coin could potentially get an endorsement from Elon Musk similar to Dogecoin due to its strong presence on the X platform (formerly Twitter).
Another promising presale is the Pomerdoge meme coin, an ecosystem with a P2E game where players can trade skins, items, and other valuable collectibles. The project has raised close to $3 million and is audited by Solid Proof and Cyberscope.
ETOR Tokens Are Selling Quick So Don’t Miss Out
If you’re looking for a meme coin to HODL this year, Elonator’s presale has enough to keep you engaged with future NFT competitions and lotteries being some of the major giveaways planned for the ETOR ecosystem. Visit the links below to learn more about the Elonator presale.
Elonator:
Presale: https://buy.elonator.com/
Website: https://elonator.com
Telegram: https://t.me/ElonatorCoin
Twitter: https://twitter.com/ElonatorC