What caused the price of $PEPE Coin to jump so quickly?
$PEPE appeared like a boom in the crypto world and took the meme coin world by storm.
In just 20 days, it has surpassed the market capitalization of $1 billion and is up by 7,000%, and is shaking up the crypto meme coin industry.
PEPE Coin uses a deflationary mechanism, meaning that a small portion of tokens are burned each time a transaction occurs, which helps increase scarcity and increases the value of remaining tokens over time.
Additionally, PEPE coin uses a redistribution system, which helps them garner user engagement and long-term investment by distributing a portion of each transaction to existing token holders.
According to Google search data, May was a great month for PEPE. The Google Trend score for “PEPE coin” increased from three to 100, with a value of 100 indicating peak popularity for a particular keyword search on Google.
