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$PEPE Pepe Coin (
$PEPE ) is a meme cryptocurrency built on the Ethereum blockchain, gaining significant popularity since its public launch in April 2023. Unlike Dogecoin, which took four years to reach a $1 billion market cap, Pepe Coin achieved this milestone within three weeks. Despite its volatile price, the coin boasts an impressive number of holders. The official website emphasizes
$PEPE 's lack of intrinsic value or financial expectations, but unofficially, over a hundred thousand investors have acquired it on major crypto exchanges.
@Crypto Miners Initially designed with a deflationary mechanism, Pepe Coin burned a small percentage of tokens per transaction to create scarcity. A redistribution system rewarded existing holders, fostering engagement and long-term investments. However, changes occurred in August 2023 when a significant amount of
$PEPE tokens was transferred from the multi-signature wallet, causing a drop in price and community concerns. Allegedly disgruntled developers were blamed for the theft.
@挑战年底赚100万 In response, a new team of advisors took over in October, burning a substantial amount of tokens and signaling ongoing development, which positively impacted
$PEPE 's price. Additionally, a rival meme coin, Pepe 2.0, emerged with a 1% transaction tax.
@Binance News Pepe Coin's rapid ascent is attributed to high-profile purchases, with the roadmap evolving into vague phases like "Meme," "Vibe and HODL," and "Meme Takeover." To purchase
$PEPE , investors use a Metamask wallet and connect to Uniswap, but it comes with associated risks due to potential whale holdings.
@Binance Global Türkçe The coin's history traces back to Pepe the Frog, created by Matt Furie, which became an internet meme. During the 2016 U.S. election, Pepe was co-opted for negative purposes. Although Furie has the legal right to pursue copyright claims, he hasn't taken action against Pepe Coin creators.
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