Pepe Coin is a meme-based cryptocurrency inspired by the popular internet meme character Pepe the Frog. Launched in April 2023, it quickly gained attention within the crypto community due to its humorous theme and grassroots marketing. Unlike traditional cryptocurrencies with serious utility goals, Pepe Coin thrives on social engagement and speculative trading, appealing to meme lovers and risk-taking investors. Built on the Ethereum blockchain, it utilizes decentralized finance (DeFi) platforms for trading and staking. Despite being a high-risk investment with no inherent utility, its virality led to significant short-term gains and popularity. Investors are drawn by its potential for quick profits but must remain cautious due to high volatility.
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