Today, the Pepe (PEPE) token is experiencing notable activity in the cryptocurrency market. Its market cap recently surged to $500 million, reflecting the ongoing "memecoin fever" among crypto traders [❞]. However, despite this significant valuation, the price of PEPE has seen a slight decline of around 5.9% over the last 24 hours [❞].The PEPE token, inspired by the meme character Pepe the Frog, has a unique approach within the memecoin space. It has a maximum supply of 420,690,000,000,000 tokens, with a portion regularly burned to maintain scarcity. PEPE is primarily traded on decentralized exchanges like Uniswap and several centralized exchanges including Binance, KuCoin, and Kraken [❞] [❞].The project is notable for its strong community engagement, driven largely through social media platforms, and remains an interesting player in the ever-evolving memecoin market [❞].

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