Pepe Coin ($PEPE ) is a cryptocurrency that stands out in the memecoin universe, being inspired by the famous meme "Pepe the Frog", created by cartoonist Matt Furie. Since its launch in April 2023, PEPE has attracted a lot of attention for its rapid appreciation, but it is also seen as a high-risk investment.
Main features:
1. Blockchain: PEPE is an ERC-20 token, which means it operates on the Ethereum blockchain, allowing it to be traded on several decentralized and centralized exchanges.
2. Total supply: 420 trillion tokens, of which:
93.1% were made available for liquidity.
6.9% reserved for future listings on exchanges and liquidity pools.
3. Utility: PEPE has no practical utility beyond its association with the meme. Its value is based primarily on speculation and the strength of the community.
Growth and popularity:
PEPE gained notoriety by increasing more than 7,000% in less than 20 days after its launch.
In May 2023, it reached a market value of approximately US$1.5 billion, entering the radar of large investors and exchanges.
Risks and challenges:
Volatility: Like other memecoins, PEPE is extremely volatile. Its value can rise or fall dramatically in short periods.
Lack of utility: Without a practical application or technological differential, the price of PEPE depends solely on market interest and speculation.
Decentralization and anonymity: The project was created by anonymous developers, which may raise security and trust concerns.
Comparison with other memecoins:
PEPE is often compared to Dogecoin (DOGE) and Shiba Inu (SHIB), which also started as jokes but gained solid communities and some uses over time.
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