Pepe is a meme-coin based on the frog Pepe the Frog, launched in April 2023 as an ERC-20 token. It is currently trading near $0.0000103, with a daily volume around $500M, although in the last 24 hours it lost about ~2%. Its market capitalization is around $4.3–4.7 billion, ranking among the top meme coins alongside Dogecoin and Shiba Inu.

The token operates with no transaction fees and burns a portion of each transaction, which gives it a slight deflationary characteristic. Despite its speculative nature, it shows signs of bearish pressure according to technical analysis: downtrend, weak RSI, and resistance around $0.000014. Without new catalysts—listings, massive burns, or community momentum—it is likely to remain volatile and consolidating levels.