$PEPE
Overview of Pepe Coin**
Pepe Coin (PEPE) is a **meme cryptocurrency** inspired by the internet meme **"Pepe the Frog."** Launched in **April 2023**, it quickly gained traction due to its meme culture appeal, zero-tax policy, and deflationary tokenomics. Unlike Dogecoin or Shiba Inu, PEPE has no direct utility but thrives purely on speculative trading and community hype.
#### **2. Tokenomics & Supply**
- **Total Supply:** 420.69 trillion PEPE (a humorous reference to internet culture).
- **No Transaction Tax:** Unlike many meme coins, PEPE has **0% tax** on buys/sells.
- **Deflationary Mechanism:** A portion of tokens was burned at launch, and additional burns are community-driven.
- **Fair Launch:** No presale, no team allocations—tokens were made available via open market trading.
#### **3. Market Performance & Adoption**
- **Initial Surge:** PEPE saw a **meteoric rise** in May 2023, reaching a **$1.6B market cap** within weeks.
- **Volatility:** Like most meme coins, it experienced **sharp corrections**, dropping over 80% from its peak.
- **Exchange Listings:** Gained listings on **Binance, OKX, KuCoin, and Bybit**, boosting liquidity.
- **Current Status (2024):** Market cap fluctuates between **$200M–$500M**, heavily dependent on crypto market sentiment.
#### **4. Strengths**
✅ **Strong Meme Appeal:** Leverages the viral nature of Pepe the Frog.
✅ **Community-Driven:** Active social media presence (Twitter, Telegram, Discord).
✅ **No Taxes:** Attracts traders looking for low-friction transactions.
✅ **Early Exchange Listings:** Major CEX support increases accessibility.
#### **5. Weaknesses & Risks**
❌ **No Utility:** Purely speculative, with no real-world use case.
❌ **High Volatility:** Prone to extreme pumps and dumps.
❌ **Competition:** Faces rivalry from established meme coins (DOGE, SHIB, WIF).
❌ **Regulatory Risks:** Meme coins are often targeted by regulators.
#### **6. Future Outlook**
- **Potential Catalysts:**
- New exchange listings (e.g., Coinbase).
- Meme coin resurgence in a bull market.
