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PEPE coin's contract gives its creators the power to limit transactions per wallet, as well as to forbid them as a whole

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by COINS NEWS 99 Views

As if things weren't bad enough, the contract of PEPE coin gives its creators god-like powers. The meme coin that turned a few dollars investment into millions within two days is, surprisingly, more of a scam that it actually looks.

We all knew it is not decentralized and that it is a likely a to-be-rugpull, but there's more on top of that:

  • The number of token transactions is limited;
  • The maximum token trading amount or maximum position can be modified, which may lead to suspension of trading;
  • The blacklist function is included. Some addresses may not be able to trade normally.

It also has 420.69T tokens in circulation. Insane amount to anyone expecting to get rich with demand and supply. Avoid putting money in crystal-clear scams.

EDIT: Users pointing in the comments that the owners of the contract can't change things anymore because they transferred the ownership to a null address. Thanks for the info. I'm still not touching it, though.

submitted by /u/reddito321
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