Informed sources: The founder of PEPE is a 26-year-old photographer who profits from buying luxury cars but has not paid original royalties

ChainCatcher news, CryptoPhunks, NFT market Not Larva Labs founder PAULY exposed the identity of the PEPE team members. The PEPE founder is American landscape photographer Zachary Testa, born in 1997, who graduated from Arizona State University in 2018 with a degree in marketing. He has a record of legal violations in several wilderness areas, sacred indigenous territories, and other drone-prohibited zones. PAULY has helped the PEPE team connect with the Binance listing team and members of the Sushi team.

Zachary used the income from PEPE to purchase a purple Lamborghini sports car worth $865,000, while his team did not pay any copyright fees to Matt_Furie, the original creator of Pepe the Frog.

Earlier today, the PEPE multi-signature wallet changed its threshold from 5/8 to only 2/8, meaning it no longer requires 5 out of 8 wallets to sign transactions but instead only needs 2 out of 8 wallets. Over 16 trillion PEPE (approximately $15.5 million) flowed out of the PEPE multi-signature wallet to addresses associated with Binance, OKX, and Bybit.