$PEPE E token was launched in mid-April 2023 on the Ethereum blockchain. Before that, an account @pepecoineth appeared on X, the only post of which was an image of the famous meme with Pepe the Frog in a red cap with the inscription Make Memecoins Great Again, referring to the presidential slogan of Donald Trump
The coin gained popularity almost immediately, and just one day after its debut on the decentralized exchange Uniswap, the price of PEPE increased by more than 900%. In less than three weeks, the market capitalization of the memecoin reached $1.6 billion, and on November 13, 2024, it exceeded $7.9 billion. The token is one of the three largest memecoins, second only to Dogecoin $DOGE and Shiba Inu $SHIB in capitalization.
When launching, the project team set ambitious goals for itself - to make PEPE the most popular memecoin and gather a dedicated community around the token.
PEPE has grown by 41.8% in a day and by 96% in a week. Meanwhile, Dogecoin, the oldest and largest meme cryptocurrency, has risen in price by 12% in a day and by 114% in a month.
The rise of both coins is partly due to Donald Trump's victory in the US presidential election on November 5. The dog memecoin Dogecoin is promoted by the Republican's ally Elon Musk, and the frog PEPE has been associated with Trump from the very beginning.
