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Pepe Token ($PEPE) is a meme-based cryptocurrency inspired by the internet-famous character Pepe the Frog. Launched in April 2023, it quickly gained attention due to its association with meme culture, similar to Dogecoin ($DOGE) and Shiba Inu ($SHIB). Built on the Ethereum blockchain as an ERC-20 token, $PEPE has no intrinsic utility but thrives on virality, community support, and speculative interest.
Its appeal lies in its humor, internet lore, and the promise of massive gains driven by social media hype. Unlike traditional projects, Pepe doesn’t claim to solve real-world problems; instead, it embraces absurdity and meme value. The token has a massive circulating supply (over 420 trillion tokens), leading to extremely low unit prices that entice retail investors looking for exponential returns.
Pepe has experienced volatile price movements, often driven by influencer endorsements and broader crypto market sentiment. However, its long-term sustainability is questionable without a clear utility or development roadmap. It remains a high-risk asset, prone to pump-and-dump behavior.
In essence, Pepe Token represents the power of community-driven narratives in Web3 but also highlights the speculative and unpredictable nature of meme coins. Investors should approach it with caution, understanding that hype can disappear as quickly as it appears.