#PEPE is a meme-based cryptocurrency inspired by the popular internet meme character "Pepe the Frog." It is part of the broader trend of meme coins, which includes other well-known examples like Doge coin and Shiba Inu. These coins often gain traction through viral marketing, community engagement, and social media hype rather than traditional fundamentals like utility or project development.
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Key Facts About Pepe Coin:
Launch Date: April 2023
Blockchain: Ethereum (ERC-20 token)
Symbol: #PEPE
Total Supply: 420,690,000,000,000 PEPE
Founders: Anonymous team
Purpose: Largely driven by community and memes; no clear utility or roadmap at launch
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Features and Characteristics:
No Presale: #PEPE Coin launched fairly, with no presale or initial token allocations for insiders.
Community-Driven: Heavily relies on community support and social media virality.
Meme Culture: Leverages the long-standing popularity of the "Pepe the Frog" meme to attract users.
Speculative Asset: Like many meme coins, #PEPE is highly volatile and mostly driven by market sentiment rather than real-world use.
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Performance and Popularity:
#PEPE Coin quickly rose to popularity in mid-2023, seeing dramatic price increases and becoming one of the fastest-growing meme coins shortly after its launch. It attracted attention from retail investors and crypto influencers alike.
However, like many meme coins, it also experienced sharp price corrections. Despite its volatility, it remains a trending token in meme coin communities.
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Risks and Considerations:
High Volatility: Prices can spike or crash quickly.
No Utility: Unlike many other crypto projects, PEPE has no intrinsic utility or business model.
Rug Pull Risk: As with many meme coins, the anonymous nature of the project raises concerns about security and trust.
Regulatory Risks: Meme coins may attract scrutiny from regulators due to their speculative nature and potential for market manipulation.
