An important $PEPE update (+ my thoughts):

What happened?

• Shortly after, the PEPE multisig changed the amount of required signatures from 5/8 to 2/8 (odd behaviour).

• The price subsequently dropped ~25%.

My thoughts:

These questions alone justify a repricing to the downside.

Although profit taking in crypto is normal (from a team_s perspective), the suddenness/obscurity of the transactions, coupled with the lack of communication raises some red flags.

However, for those willing to take on some risk - it_s important to note that PEPE is sitting on major support. From a technical perspective, if we see a decent response here - it may be a good buy.

But for the majority, the safest thing to do (as usual in these situations), is to let the dust settle and reassess in a week or so when we have more clarity.