PEPE officially released a tweet revealing the truth about the sale of 16 trillion PEPE tokens yesterday. According to PEPE, since its establishment, the project has been plagued by internal conflicts. Most of the team members who were involved in the project at the beginning began to distance themselves from it after the first week of launch. These members hindered the team's progress in using a multi-signature wallet for token donations or purchases due to the inability to sign, differences in opinions, and several weeks of being unreachable. The multi-signature setting requires 3/4 of the signers to be present to obtain approval.

The truth of the coin selling incident is that three former team members secretly returned on the 25th and logged into the multi-signature wallet, stealing 16 trillion PEPE tokens (60%) from the wallet and transferring them to an exchange for sale. They then removed themselves from the multi-signature and tried to disassociate themselves from PEPE while deleting all their social accounts, leaving only one message that read "the multi-signature has been updated, and you now have complete control."

PEPE officials expressed shock at what happened and apologized for any fear, uncertainty, or loss caused to the community by the bad actors. The officials claim that the control of the Twitter account and the remaining 10 trillion tokens in the multi-signature wallet are safe and controlled by someone who will bring the greatest benefit to everyone and PEPE, and the former team members no longer have access.