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Former Taiwanese-American musician and tech entrepreneur Jeffrey Huang, also called Machi Big Brother bought 6 billion PEPE tokens for $12,000 USD, just some hours in the past. Huang has a controversial historical past within the crypto house, having beforehand embezzled 22,000 ETH from Formosa (*66*) and launching a number of failed pump-and-dump tokens and NFT tasks.

Machi Big Brother’s Bet On PEPE?

According to a transaction file on Arkham, Machi Big Brother, a well known NFT mogul, bought 5 billion $PEPE tokens for $9,100 USD roughly 14 hours in the past via a Uniswap V2 Pool. This was adopted by a 6B token buy, price $12,000 USD, simply 4 hours in the past.

The transaction was made via his Ethereum tackle ‘machibigbrother.eth’ and the PEPE tokens have been bought at an unknown common value.

This shouldn’t be the primary time that Machi Big Brother has made a big buy within the crypto house, as he has acquired over 66 billion $PEPE tokens up to now three days with a complete funding of 73.4 ETH.

On April twenty third, Machi Big Brother took to Twitter and rejected claims that he was the founding father of Nakamigos or the $PEPE token.

Stop spreading fud. I used to be not the founding father of Nakamigos or $PEPE. It was Beeple/Yuga.

Skeptical Crypto History Raises Brows

Jeff Huang’s involvement in two tasks, Mithril and Formosa (*66*), each of which raised funds via preliminary coin choices (ICOs) in 2018 raises questions on his involvement with deceptive tasks. Jeff Huang has been accumulating NFTs for a number of years and has an enormous assortment, which incorporates uncommon items resembling CryptoPunks and Bored Ape Yacht Club NFTs. Huang has additionally launched his personal NFT assortment referred to as “Huang’s World.

Given his previous, it’s potential that Machi Big Brother’s acquisition of $PEPE may very well be an try to govern the market and create a pump-and-dump situation. Alternatively, he may genuinely consider sooner or later potential of the token and its use circumstances within the rising NFT market.

With this newest transfer, many are questioning what Machi’s subsequent transfer shall be and what it means for the way forward for $PEPE and the broader crypto market.

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