PEPE: A Deflationary Memecoin Inspired by Pepe the Frog
PEPE is a deflationary memecoin launched on Ethereum as a tribute to the Pepe the Frog internet meme created by Matt Furie. It aims to capitalize on the popularity of meme coins like Shiba Inu and Dogecoin. PEPE sets itself apart by having a no-tax policy and being upfront about its lack of utility, embracing its pure memecoin status.
In late April to May 2023, PEPE’s market cap surged to $1.6 billion, attracting a strong community of followers. The roadmap includes listings on major exchanges and a “meme takeover.” Its rapid rise highlights the potential of meme-based cryptocurrencies. The coin’s attractiveness in the current market cycle depends on investor interest in memecoins.
