Mpeppe Token Faces Liquidity Issues, Investors Unable to Sell

Tokenholders Struggle to Trade Mpeppe Tokens

Mpeppe, a blockchain-based casino platform, has begun distributing 25% of the tokens owed to its investors. However, many tokenholders are expressing frustration due to the lack of liquidity, which makes it impossible to trade the tokens on exchanges like Uniswap. Despite the distribution, the tokens are not easily convertible into other assets, leaving investors in a difficult position.

Concerns Over Previous Allegations of Fraud

Earlier in August, Mpeppe faced accusations of running a fraudulent presale, where investors made cryptocurrency payments but did not receive their tokens. Blockchain records from that period revealed that all tokens were stored in a single wallet, with no signs of movement. The recent distribution of 25% of the tokens via a claim portal is seen by some as an attempt to address these concerns, though the liquidity issues persist.

Claim Portal’s Personal Information Requirements

The claim portal has allowed users to claim 25% of their owed tokens, but it does not ask for cryptocurrency addresses. Instead, users are required to provide personal details such as phone numbers and email addresses. While over 700 users have successfully claimed their tokens, the inability to trade them has raised significant concerns.

Mpeppe’s Future Plans and Token Distribution Schedule

Mpeppe has announced additional plans, including a Telegram-based gaming platform and an online casino where users can place bets using the Mpeppe tokens. However, the project’s future success may depend on resolving liquidity issues. The remaining tokens are scheduled for release by December 25, but investors are skeptical until the trading issues are addressed.