Pepe coin (PEPE) is another meme coin that is based on the Pepe the Frog meme, a popular internet character that has been used in various contexts and expressions. Pepe coin was launched in mid-April 2021 and claims to be the “ultimate meme coin” that rewards its holders and supports charitable causes1.
Pepe coin has a huge supply of one quadrillion tokens, of which 50% were burned at launch, 40% were locked in a liquidity pool, and 10% were reserved for marketing and charity. Pepe coin also charges a 10% fee on every transaction, 5% of which is redistributed to existing holders and 5% of which is added to the liquidity pool1.
Pepe coin has gained a lot of attention and hype on social media, especially on Twitter, where it has over 100,000 followers. Pepe coin also claims to have celebrity endorsements from Snoop Dogg, Soulja Boy, Jake Paul and others1. Pepe coin’s price has soared from $0.00000001 at launch to an all-time high of $0.000001439 in early May, which was a 14,000,000% increase2.
However, Pepe coin is also very risky and speculative, as it faces several challenges and uncertainties. For one thing, Pepe coin is not listed on any major cryptocurrency exchange, which limits its accessibility and liquidity. Pepe coin can only be bought or sold on decentralized exchanges like Uniswap or PancakeSwap, which require high fees and technical skills. Pepe coin also has a low trading volume and market capitalization, which makes it vulnerable to price manipulation and volatility2.
Another issue is that Pepe coin’s value is largely driven by hype and speculation, rather than by any intrinsic or fundamental factors. Pepe coin does not have a clear roadmap or vision for its future development or utility. Pepe coin’s website is vague and unprofessional, and its whitepaper is full of grammatical errors and typos. Pepe coin’s team is also anonymous and unverified, which raises questions about their credibility and accountability1.
Therefore, Pepe coin may not be a reliable or sustainable way to make you rich. While some early investors may have made huge profits by investing in Pepe coin, they may also face difficulties in cashing out their gains due to the low liquidity and high fees of the token. Moreover, Pepe coin’s price may crash at any time if the hype dies down or if the project faces any legal or technical issues. Investing in Pepe coin is extremely risky and should only be done with caution and discretion.