$PEPE

The explosive popularity of PEPE: From meme to viral cryptocurrency

Few cryptocurrencies have experienced the rapid growth that PEPE had in its early weeks. Just three weeks after its launch, PEPE reached a market capitalization of over 1 billion dollars. This milestone was particularly noteworthy when compared to other more established memecoins. For example, Dogecoin took nearly four years to reach a similar capitalization.

The initial success of PEPE was largely driven by its virality on social media. Platforms like Twitter and Reddit played a crucial role in spreading the currency, where success stories of investors were shared, showcasing how their small initial investment multiplied several times in a matter of days. One notable case was that of an investor who traded 0.125 ETH (about 250 dollars) for 5.9 trillion PEPE tokens. $PEPE