What is the PEPE (PEPE) currency?
A decentralized cryptocurrency that operates on the Ethereum (ETH) blockchain. The identity of its creators remains unknown, but it is believed to have been created by anonymous developers and was officially launched in April 2023.
As a token that follows the ERC-20 standard, PEPE operates on the Ethereum network, benefiting from the high security levels and multiple functionalities provided by this leading network. The total maximum initial supply of PEPE is set at 420.69 trillion tokens, a figure that carries a humorous nod inspired directly by the widely popular internet meme "Pepe the Frog." This close connection to internet culture and memes places PEPE in the category of "meme coins," alongside other coins that have gained fame in similar ways, such as Dogecoin (DOGE) and Shiba Inu (SHIB). It is worth noting that the development team has implemented periodic token burns to reduce the circulating supply; for example, 6.9 trillion PEPE tokens were burned on October 24, 2023.
Although the project started with a humorous tone, PEPE has quickly attracted enormous and rapid interest from the cryptocurrency investment and trading community, swiftly turning into a speculative asset with significant trading volumes. As of January 2025, PEPE was ranked among the top 25 cryptocurrencies by market capitalization.