- PEPE Coin is a meme cryptocurrency launched on the Ethereum blockchain in April 2023. It’s inspired by the internet-famous character Pepe the Frog, a cartoon figure created by Matt Furie in 2005.
- Although Furie never intended the character to become a symbol in crypto, PEPE Coin’s creators merely used the meme’s popularity to fuel hype.
🔹 Key Features
- ERC-20 Token: Built on the Ethereum blockchain.
- No Presale: The team claims there was no presale or private token distribution.
- No Taxes: Supposedly zero buy/sell taxes.
- Liquidity Burned: To signal long-term intent and minimize rug-pull concerns.
- Renounced Contract: This means the creators can't change the smart contract, a tactic often used to build trust.
🔹 Tokenomics
- Total Supply: 420,690,000,000,000 PEPE (a nod to 420 memes and 69 humor—very much in meme coin spirit).
- Deflationary Mechanics: Some tokens are burned over time, decreasing supply.
- No Official Roadmap or Utility: It is openly a meme coin—no DApps, no DeFi integration, no core development plan.
🔹 Community and Popularity
- PEPE Coin gained traction incredibly fast, riding a wave of hype from Twitter, Reddit, and TikTok. Influencers and degens (slang for risk-loving crypto traders) jumped in early, leading to massive short-term price spikes.
- In its early days, PEPE reached a multi-billion-dollar market cap, briefly entering the top 100 cryptos by market capitalization—a massive feat for a joke coin.
🔹 Why Do People Buy PEPE?
- FOMO and Speculation: Hoping to “get in early” and ride the wave up.
- Community Hype: Strong meme culture and viral marketing.
- Low Entry Point: Because it's priced in tiny fractions of a cent, small investments buy massive token amounts—creating a possibly of future wealth.