$PEPE PEPE coin is a Meme-type cryptocurrency based on the Ethereum platform. Here are some key information:

• Definition and Origin:

• PEPE coin is a MemeCoin issued on Ethereum in April 2023, driven by pure memes and positioned as "the people's token". PEPE was created to take advantage of the popularity of MemeCoins such as Shiba Inu and Dogecoin, pay tribute to the Pepe the Frog online meme created by Matt Furie, and establish itself as the top MemeCoin in the industry.

• Market Performance:

• In just one month, PEPE coin has a market value of more than $400 million and entered the top 100 cryptocurrency market capitalization.

• PEPE coin has become the fastest growing ERC-20 token in the history of cryptocurrency, gaining a market value of $1 billion and 107,000 holders in just 23 days.

• Token Economics:

• The total supply of PEPE coin is 420.69 trillion tokens. 93.1% of the tokens were deposited into Uniswap's liquidity pool, and the remaining 6.9% were stored in a multi-signature wallet for future listing on centralized exchanges.

• PEPE coin has attracted a lot of attention from the cryptocurrency community by developing a tax-free policy, a redistribution system that rewards long-term stakeholders, and a deflation mechanism that maintains the scarcity of PEPE tokens.

• Project controversy:

• In August 2023, the PEPE coin official team was exposed to dump 16 trillion PEPEs and modify the multi-signature wallet permissions. The identity of its founder was also exposed: a photographer under 30 years old, who used the income from the issued PEPE to buy a Lamborghini worth $865,000, and they did not give Matt Furie, the original creator of Pepe the Frog, any penny.

• Project prospects:

• The PEPE coin official website stated that PEPE is a meme coin with no intrinsic value or potential return. There is no formal team or roadmap, it is completely useless and is only for entertainment.