What is the PEPE?
Pepe Coin is a meme coin built on the Ethereum blockchain, inspired by the popular internet meme Pepe the Frog Launched in April 2023, it gained significant traction quickly, reaching a market capitalization of $5 billion within weeks. Unlike other meme coins, Pepe Coin has a no-tax policy and a transparent approach, acknowledging its lack of utility beyond being a collectible digital asset. It has a deflationary mechanism and a redistribution system to reward long-term holders. The project's dedication to honoring the character of Pepe the Frog, a character with a longstanding and controversial history, sets it apart from other digital assets.
How PEPE Work:
PEPE operates on the Ethereum blockchain as an ERC-20 token. It employs a redistribution system that rewards long-term Stakers, providing them with benefits to remain committed to the project. This approach aims to encourage coin stability by rewarding users for holding the token rather than selling it quickly. Additionally, PEPE features a burning mechanism whereby a portion of the coins are permanently removed from circulation on a regular basis. This strives to maintain scarcity despite the coin's maximum supply. The Ethereum blockchain supports PEPE through the Proof-of-Stake (PoS) consensus mechanism, where decentralized validators stake 32 ETH to process transactions and support the network.
PEPE's Primary use Case:
Pepe Coin's potential use cases revolve around building a strong community and fostering meme culture within the crypto space. As a meme coin, PEPE's primary use case is as a digital asset that can be acquired, held, and exchanged. Additionally, PEPE employs a redistribution system that rewards long-term stakers, providing them with benefits to remain committed to the project. Here's a break down:
Community Building: Pepe Coin's strong community is a key factor in its success. The coin's popularity and association with the recognizable Pepe the Frog meme can attract users and investors.
Meme-related Projects: Pepe Coin could potentially be used for purchasing meme-based NFTs, virtual collectibles, or other projects built around internet memes.
History of PEPE:
Pepe the Frog's history is a fascinating one, marked by both wholesome beginnings and controversial twists. Here's a quick timeline:
2005: Created by artist Matt Furie as a chill frog character in his comic strip "Boy's Club."
2008: Gains traction as an internet meme on platforms like Myspace and 4chan, with various iterations expressing emotions like sadness, smugness, and anger.
2010s: Unfortunately, Pepe gets appropriated by alt-right groups and white supremacists, who use modified versions to spread hate speech. This association tarnishes Pepe's image.
Despite the controversy, Pepe remains a popular meme for many, used in a harmless and humorous way. PEPE experienced a significant increase in its market cap, which reached a high point, attracting a strong community of like-minded followers. The founders of PEPE remain anonymous, which is not uncommon in the digital asset world.
Market Stats:
MARKET CAP ~ $6.7B
VOLUME (24H) ~ $2.8B
CIRCULATING SUPPLY ~ 420.7T PEPE
Market Performance:
PRICE CHANGE (1H) ⏳ -1.67%
PRICE CHANGE (1D) ⏳ -3.55%
PRICE CHANGE (1W)⏳ +45.77%
PRICE CHANGE (2W) ⏳ +64.04%
PRICE CHANGE (1M) ⏳ +121.36%
PRICE CHANGE (1Y) ⏳ +1,012.44%
>[Pepe is on the rise this week]<
The price of Pepe has decreased by 0.74% in the last hour and decreased by 5.55% in the past 24 hours. Pepe’s price has also risen by 43.88% in the past week. The current price is $0.000016 per PEPE with a 24-hour trading volume of $2.85B. Currently, Pepe is valued at 8.45% below its all time high of $0.000017. This all-time high was the highest price paid for Pepe since its launch.
The current circulating supply of Pepe is 420,689,899,999,994.8 PEPE which means that Pepe has as total market cap of 420,689,899,999,994.8.
