King Pepe (KPEPE) has 94% premine

[nutildah]

As a fan of all things Pepe, I was following this project for a while.

King Pepe (KPEPE) — SHA-256 Meme Coin

According to the ANN:

🔗 Source branch: Bitcoin Core 25.0  
⚙️ Algorithm: SHA-256 (Proof of Work)  
🪙 Coin name: KingPepe  
🏷️ Abbreviation (Ticker): KPEPE  
...
🎁 Block reward: 3 KPEPE
⛏️ Block halving: Every 210,000 blocks
🪙 Max coin supply: 21,000,000 KPEPE  
...

Also, in a now-deleted post:

KingPepe Coin Block Reward Schedule

Era	Block Range	Block Reward (KPEPE)	Blocks	Coins Mined in Era (KPEPE)
1	0 – 209,999	3.0000	210,000	630,000

However, as of block 48569, according to the block explorer:

This is nothing new — 80% of the coin’s premine will be injected into the market for trading, rewards, and giveaways. We’re simply aligning with Bitcoin’s current stage in circulation supply.

So the dev admits relaunching the coin with a 94% premine, in contrast with the miner distribution schedule provided in the ANN. They made this change after they found they could get listed on an exchange. Clearly the project is a scam.

Link to flag

[nutildah]

After seeing their tag & the flag, first Kingpepe153 changed the thread title to "Hi all", deleting the entire OP and replacing it with a ".". Then they thought better of it, changed the title of the thread to "Weak Hands? Stay Out. This Is War." and then used Grok to generate the following:

If Your Heart Is Weak, Stay Out of Crypto.

This isn't investing. 
This is digital gambling.

You either make it big — or go cry to your mommy. 
No guarantees. No refunds. No one’s holding your hand.

Crypto is a battlefield. 
If volatility scares you, 
If red candles make you panic, 
If you're waiting for someone to say "Buy now"...

You're not a trader — you're a tourist.

Step in, take the hits, or step aside.

Only the strong survive.

Its like they're trying to excuse scamming their community by saying "this is crypto." Well no shit, this is crypto, and people are gonna call you out when you act like a scammer and do scammy things.

[albon]

Good catch, Nutildah. Thank you for creating this thread and exposing these scammers.

I'm not surprised that the team behind this fraudulent project engaged in premine mining this deceptive method is used by 99% of meme coin teams. after their coins get listed on CEX, they experience sharp price crashes and high volatility due to the hidden hands holding a large supply of coins and selling them immediately upon listing.

This scammer is trying to escape the evidence against him after being exposed, but he doesn't know that everything is archived here. . So, I have supported the flag and tagged this scammer’s account as well.

[Bitcoin_Arena]

Its like they're trying to excuse scamming their community by saying "this is crypto." Well no shit, this is crypto, and people are gonna call you out when you act like a scammer and do scammy things.

Tagged and flag supported. These are the kid of people who have spoilt all the fun in crypto over the years. All they seek is how to scam the next person with whatever shitcoin they create and thanks to them, so many people have trauma with crypto scams and will swear how they will never use crypto again.
Thanks for the watchful eyes.

[nutildah]

They've changed the OP once again. This time they are blasting their "community," half of which was a hired shilling service (more on that later).

Welcome to the pit where the dumbest of the dumb scream like they’re market geniuses.

The noise — the whining, the crying, the “strategic analysis” from keyboard warriors who think they move markets… when they can barely move a mouse.

These are the crypto dogs — barking without bite, thinking their noise is wisdom.
They are just noise.
Loud, clueless, and proudly ignorant.

Scroll down to see who’s barking like dogs.
Freedom of expression is yours — so bark away. 😂

So they've totally abandoned the idea of promoting their project here, even though they continue to do so elsewhere. As a matter of fact:



What's funny is all 3 coins shown in this screenshot are total scams. Bellscoin is a 2023 fork of Dogecoin, and Luckycoin is a 2024 fork of Bells, lol. Both coins claims they are the original projects (they are not). They seem to have a semi-serious marketing budget though. I guess any good scam does.

[ControlYourDreams]

Thanks for the usefull info. I will stay away from this sh**!
Cheers!