When Ethereum-based Pepe Coin (PEPE) launched in April 2023, it quickly made waves in the cryptocurrency space. Following the footsteps of other meme coins like Dogecoin and Shiba Inu, Pepe rapidly gained attention, fueling the growth of the meme coin sector. The token's popularity surged in the weeks after its debut, reaching a remarkable market capitalization of approximately $1 billion.
Early investors experienced substantial gains as the price of Pepe soared from $0.00000001 to a peak of $0.0000043. This remarkable price movement meant that a modest $100 investment could have turned into $40,000 in just a few weeks. Pepe's rapid rise highlighted the transformative potential of meme coins within the crypto market.
