What is PEPE coin?
Background
PEPE coin was launched in April 2023, inspired by the popular online comic character Pepe The Frog in 2005. Pepe The Frog quickly became popular due to its funny image and rich emoticons, becoming an important part of Internet culture.
Token Nature
PEPE coin is a meme coin based on Ethereum. With the high popularity of Pepe Frog, combined with its skyrocketing price and concentrated media coverage, PEPE coin quickly attracted the attention of many virtual currency enthusiasts. Within a month of its release, the market value of PEPE coin exceeded US$400 million, ranking among the top 100 virtual currencies by market value.
The uniqueness of PEPE coin
According to the description on the PEPE coin official website, the original intention of launching this token was to be tired of the increasingly complex "puppy series" meme coins such as Dogecoin and Shiba Inu coin. The token economic models of these currencies are becoming more and more complicated, which violates the entertainment spirit that meme coins should have. On the contrary, the token economics of PEPE coin is simple and clear, without complex operations such as pre-sale, destruction, and taxation. The goal is to surpass the "puppy series" meme coins and become the new king of meme coins.
Slogan and inspiration
PEPE coin draws on former US President Trump’s campaign slogan “Make America Great Again”, and its slogan is “Make Memecoins Great Again”.
Advantages and disadvantages of PEPE coin
advantage
Active community: PEPE coin's Twitter account has nearly 300,000 followers, and the official Telegram group has more than 110,000 active members, creating a lively community atmosphere.
High recognition: Pepe Frog’s popularity and its concise and easy-to-remember name make PEPE coin stand out among many meme coins.
shortcoming
Large price fluctuations: Like all meme coins, PEPE coin prices fluctuate dramatically and the investment risk is relatively high.
Lack of practical application scenarios: The PEPE coin official website clearly states that it has no intrinsic value or financial return expectations and is for entertainment only.
Risk of the project party running away: The team members have not been made public so far, and most of the coins are still held in the project party’s wallet. There is a risk that the project party will sell off and run away.
How to buy and sell PEPE coins
At present, almost all mainstream virtual currency exchanges support PEPE coin transactions. The following are some high-quality exchanges:
The world's largest exchange: Binance
An underrated and useful exchange: Kucoin
Best exchange for beginners to buy altcoins: MEXC
The exchange with the most altcoins: Gate.io
Best exchange for futures trading: Bybit
Best Copy Trading Exchange for Newbies: BingX
The world's largest copy trading exchange: Bitget
How to use PEPE coins
Currently, PEPE coins are mainly used for investment and entertainment, and have no other practical uses. The official website clearly states: "PEPE is a meme coin with no intrinsic value or financial return expectations. There is no formal team or roadmap. PEPE coins have no practical use at all and are only for entertainment."
How to make money by trading PEPE coins
Spot Trading
Buy and sell PEPE coins on the virtual currency exchange, analyze market trends and technical indicators, formulate trading strategies, buy low and sell high to earn the difference. In addition, you can hold it for a long time and wait for the price to rise before selling it.
Contract Trading
By buying or selling PEPE coin futures contracts, you can make profits from price fluctuations. By choosing the right trading strategy and risk control method, you can make profits when prices rise or fall. However, please note that contract trading has a leverage effect, which is risky and may result in the loss of all principal.
common problem
Does PEPE coin support mining?
PEPE coin is a token issued based on Ethereum and does not support mining.
Why can PEPE coin increase ten thousand times?
The reasons why PEPE coin increased ten thousand times in a short period of time include:
In the initial stage of issuance, the coin price is extremely low and the market value is small, so only a small amount of funds is needed to drive the price up.
The issuance time was right at the end of the bear market, and the market needed a new hype hotspot.
The promotion rhythm of KOL and media was well coordinated, attracting a lot of attention.
Who is the team behind PEPE coin?
The team behind PEPE coin has not been made public yet, which is common in meme coins. There are rumors that PEPE coin is backed by Ethereum whales, who invested nearly $50 million in marketing and market making. However, this statement has not been officially confirmed or responded to.
