Launched on the Ethereum blockchain in April 2023, it quickly gained popularity, reaching a market capitalization exceeding $5 billion. Koinly
Key Features:
Deflationary Mechanism: Each transaction burns a small percentage of tokens, reducing the total supply over time and potentially increasing scarcity. We Are Blox
Redistribution System: A portion of each transaction is distributed among existing token holders, incentivizing long-term investment. We Are Blox
No-Tax Policy: Transactions are free from additional fees, distinguishing PEPE from other cryptocurrencies that may impose taxes. We Are Blox
Recent Developments:
In August 2023, concerns arose when a significant amount of tokens were unexpectedly transferred from the project's wallet to centralized exchanges. This event led to a drop in the coin's price and raised doubts about its future. Later, it was revealed that disgruntled developers, who had since left the project, were responsible for the transfers, alleging they were "updating" the wallet. However, it was clarified that these individuals had stolen the tokens. To regain trust, a substantial number of tokens were burned, and new advisors were appointed to guide the project's future. Koinly
Current Market Data:
As of January 7, 2025, PEPE is trading at approximately $0.0000202, with a 24-hour trading volume of $1,346,450,602. CoinGecko
Considerations:
While PEPE has a dedicated community and has achieved significant market capitalization, it's important to recognize that meme coins often lack intrinsic value and can be highly volatile. Investors should exercise caution and conduct thorough research before considering any investment.
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