What is PEPE Coin? Information About the Memecoin PEPE

What is Pepe Coin?

Pepe (PEPE) is a meme coin built on the Ethereum network, launched in 2023. This project is inspired by the famous green frog meme on the internet. The development team describes PEPE as a project surpassing outdated tokens like Dogecoin and Shiba Inu.

PEPE’s website states: “PEPE is a memecoin with no intrinsic value, so do not expect financial returns. PEPE has no official team or clear development roadmap. The PEPE token is entirely useless and solely for entertainment purposes.”

Key Highlights of PEPE Since Its Launch

To stand shoulder to shoulder with well-known meme coins like Dogecoin and Shiba Inu, PEPE must have some unique highlights.

Similar to Dogecoin and Shiba Inu, PEPE is inspired by the famous green frog meme widely recognized on social media. This familiarity helped PEPE quickly gain the community’s affection.

PEPE is highly decentralized and no one controls the circulating supply. The PEPE developers do not have control over the smart contract.

The most notable strength of PEPE is its community. PEPE boasts a large community on social media platforms like Facebook, Twitter, and Telegram. At one point, PEPE was one of the hottest keywords on Twitter, attracting significant attention and discussion.

The project’s Twitter page has nearly 700,000 followers, with each post receiving high engagement.

Related: What Are Memecoins? Top 5 Most Promising Memecoins of 2024

Information about PEPE Token

• Token Name: Pepe
• Symbol: PEPE
• Blockchain: Ethereum
• Contract: 0x6982508145454ce325ddbe47a25d4ec3d2311933
• Total Supply: 420,690,000,000,000 PEPE
• Circulating Supply: 420,690,000,000,000 PEPE

Thus, the entire token supply is in circulation.

PEPE’s Price Fluctuation and Market Capitalization

Although PEPE was only launched on April 16, 2023, the project has quickly reached a market capitalization of nearly $6 billion (as of May 22, 2024) with the price hovering around $0.000013. This market cap is only surpassed by Dogecoin and Shiba Inu, a dream number for many tech projects. Currently, PEPE ranks 21st in total market capitalization.

What is the PEPE Token Used For?

As a memecoin, the PEPE token has no practical utility or application. It is simply “a meme coin created for entertainment purposes.”

Where to Buy PEPE?

From the early days, PEPE has been listed on most major exchanges such as Bitget, Binance, Bybit, OKX, and Kucoin.

PEPE Coin Team

PEPE has no official team, and the people behind PEPE are anonymous.

PEPE’s Partners and Investors

Since PEPE did not go through fundraising rounds, the project has no official investors or partners.

Should You Buy PEPE?

The decision to buy or not is up to each individual. Everyone’s circumstances and positions are different. However, before investing in meme coins, consider the following:

• Do not FOMO and do not all-in.
• Meme coins are highly volatile and risky, so do thorough research before investing.
• Do not invest for the long term, as not every project will “live long” like Dogecoin or Shiba Inu. Many meme coin projects are created merely to scam and rug pull, then disappear quickly.

Similar Projects

Pepe Coin is a meme coin similar to: DOGE, SHIB, BONK, BOME, WIF, FLOKI.

Conclusion

PEPE and meme coins, in general, have long been an integral part of the broader cryptocurrency ecosystem. As long as cryptocurrencies continue to develop, meme coins will still exist. In this market, anything can happen. Before investing, approach every project with caution and thorough research.

Through this article “What is PEPE Coin? Information About the Memecoin PEPE“, do you understand PEPE better now? If not, leave a comment below so we can answer your questions right away!