Pepe Coin, a meme coin launched in April 2023, rose to fame for its rapid rise in popularity and market capitalization. Built on the Ethereum blockchain, Pepe Coin capitalized on the popularity of other meme coins like Dogecoin and Shiba Inu. Here's a quick rundown of Pepe Coin: * Meteoric Rise: Launched at a price of around $0.000000001, Pepe Coin reached a peak of $0.000004354 within a month, boasting a market cap of $1.87 billion. * Community Driven: The coin's founders remained anonymous, and the project relied heavily on its online community to fuel its popularity. * Volatility and Controversy: The transfer of a large number of tokens from the project's wallet to exchanges in August 2023 sparked community concerns and caused the price to drop. * Current Status: As of July 24, 2024, Pepe Coin trades at around $0.000008176, with a significantly lower market cap compared to its peak.Remember, Pepe Coin is a meme coin with no inherent value, and its future is uncertain.
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