Mpeppe Investors Face Trading Problems as Tokens Lack Liquidity

Initial Token Distribution Leaves Investors Struggling to Trade

Mpeppe, a blockchain-based casino platform, has begun distributing 25% of the tokens owed to investors via a new claim portal. However, many users are reporting that they are unable to trade their tokens due to a lack of liquidity. Despite successfully claiming their tokens, investors have been unable to sell them on Uniswap or exchange them for other assets.

Accusations of Fraudulent Presale Resurface

The latest distribution follows accusations in August that Mpeppe had run a fraudulent presale, where investors paid in cryptocurrency but did not receive the corresponding tokens. Blockchain records showed no movement of tokens from the wallet where they were stored. Mpeppe has now begun releasing the tokens, with plans to distribute the remaining 75% by December 25.

Claim Portal Requires Personal Details

The claim portal, which allows users to access 25% of their tokens, requires them to connect their wallets but asks for personal details such as phone numbers and email addresses. Although over 700 users have successfully claimed their tokens, the lack of liquidity on decentralized exchanges like Uniswap has left many unable to trade the tokens.

Mpeppe’s Future Plans in Jeopardy

Despite the liquidity issues, Mpeppe has announced plans to develop a Telegram-based gaming platform and an online casino where users can bet using Mpeppe tokens. These future projects may face significant challenges if the platform cannot resolve the liquidity issues and regain investor confidence.