Breaking: Zachary Testa Identified as Pepe Coin Founder Following Price Crash
Luisa Crawford Aug 25, 2023 03:33
Zachary Testa, linked to $pepe coin, faces scrutiny after a 20% price drop. Changes in wallet thresholds and a $15.5M transfer to major exchanges like Binance are noted.
In tweets from just an hour ago, the crypto community was alerted to details surrounding Zachary Testa, known online as @degenharambe and @LordKekLol. The information, shared by NotLarvaLabs founder PAULY, has highlighted Testa's association with the $pepe coin and his alleged disregard for ethical considerations.
Testa reportedly made a lavish purchase of an $865,000 purple Lamborghini using his earnings from the $pepe coin. This acquisition has drawn significant attention, especially since Matt Furie, the original creator of Pepe the Frog, did not receive any financial benefits from the coin's success.
Further insights revealed that Testa's team had connections with the listings teams of major cryptocurrency exchanges, Binance and SushiSwap. This association subsequently led to the $pepe coin being listed on Binance.
Adding to the controversy, Testa, who also pursues landscape photography, has allegedly violated laws in various wilderness areas. These violations include trespassing on sacred indigenous lands and regions with established drone bans.
For those delving deeper into the matter, Testa's personal website, ztesta.com, provides more information. However, his Instagram account, @zachtesta, has recently been set to private. Other online aliases associated with Testa include Twitter handles @ztesties, which is verified, and @gayretardbitch, which remains unverified but is suspected to be linked to him. Born in 1997, Testa completed his marketing degree from Arizona State University in 2018.
Several of Testa's cryptocurrency wallet addresses have also been disclosed, offering another avenue for verification and research.
- 0x8d2a5bdfc692ad912af77016fc75b49856c369f1
- 0xea40b0f6BA2aD77fF2FedAe98Ca67EaefCBCBE4A (badussy.eth)
- 0x9c46a675350ce1f7ca616bf4fb4e0a542295e302
- 0x40962b448aa899196906646340cb4eb61a8d49b4
Prior to the revelations, the $pepe coin saw a significant drop of approximately 20% in its value. From a high of $0.00000111 the previous day, it plummeted to a low of $0.0000008787.
This decline is speculated to be a result of alterations in the coin's multi-signature wallet thresholds. The criteria changed from requiring approvals from 5 of the 8 associated wallets to only 2.
Additionally, an astounding 16 trillion $pepe coins, valued at roughly $15.5 million, were transferred from this multi-signature wallet to addresses linked with major exchanges such as Binance, OKX, and Bybit.
As the crypto world grapples with these revelations, the event may underscore the importance of transparency and accountability in the ever-evolving crypto world.
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