Pepe Coin (PEPE) is a meme-based cryptocurrency inspired by the internet character Pepe the Frog. Launched in April 2023, it operates on the Ethereum blockchain as an ERC-20 token. PEPE is designed as a community-driven project with no taxes, presale, or centralized ownership, emphasizing its status as a purely memetic digital asset .

Current Market Performance:

As of May 9, 2025, PEPE is trading at approximately $0.00001235, reflecting a 36.10% increase in the last 24 hours. Its market capitalization stands at around $5.01 billion, with a 24-hour trading volume of $2.53 billion .

Recent Developments:

Whale Accumulation: Significant purchases by large holders have been observed, including a withdrawal of 2 trillion PEPE tokens from Binance over the past week, indicating strong investor interest .

Market Momentum: PEPE has crossed key resistance levels, with increased spot volume and futures open interest, suggesting potential for further price appreciation .

Considerations:

While PEPE has shown impressive short-term performance, it's important to note that meme coins like PEPE are highly speculative and can be subject to significant volatility. Investors should conduct thorough research and consider their risk tolerance before investing in such assets.