#MemecoinSentiment Pepe Coin (PEPE) is a meme coin launched in April 2023. Its name and character are inspired by the popular internet meme "Pepe the Frog."

Key points about Pepe Coin:

* Type of coin: A meme coin, meaning a digital currency based on internet culture and humor, rather than necessarily on technical utility or significant real-world use.

* Foundation: Built on the Ethereum blockchain.

* Purpose: It was created with the goal of being a comedic and entertaining project in the cryptocurrency world, capitalizing on the popularity of other meme coins such as Dogecoin and Shiba Inu.

* Distinctive features:

* Tax-free policy: No additional transaction fees are charged.

* Redistribution system: A portion of each transaction is allocated to reward current coin holders, encouraging longer-term holdings.

* Coin Burning Mechanism: This involves a mechanism to burn a portion of the coins over time, reducing the total supply and increasing their scarcity.

* Volatility: Like most meme coins, Pepe has high price volatility, making it an attractive speculative asset for risk-tolerant investors.

* Community: It relies heavily on its online community engagement, general market sentiment, and its viral appeal.

$PEPE