Pepe Coin ($PEPE) is a popular meme coin built on the Ethereum blockchain. Shortly after its public launch in April 2023, Pepe Coin became one of the most.
To provide some perspective, dogecoin (DOGE) took almost four years for its market capitalization to surpass $1 billion. In contrast, Pepe Coin reached the same benchmark within three weeks of its launch. Although the price of $PEPE has been extremely volatile since then, the number of individual holders continues to be impressive.
The Pepe Coin says that $PEPE has no intrinsic value or expectation of financial return. Unofficially, however, over a hundred thousand investors have purchased $PEPE on Binance and other major crypto exchanges.
How Pepe Coin Works
$PEPE has a maximum supply of 420,690,000,000 tokens. At the time of launch, 93.1% of the project’s tokens were in a liquidity pool and the remaining 6.9% were allocated to a multi signature wallet for future use.
Pepe Coin was originally designed to use a deflationary mechanism that burns a small percentage of tokens with each transaction. This was intended to create scarcity and hopefully increase the value of remaining tokens over time.
