๐๐ What is Pepe? ๐๐
$PEPE is an ERC-20 token on the Ethereum network, inspired by Matt Furieโs 'Pepe the Frog' from "Boyโs Club." It serves as both the utility and governance token within the Pepe ecosystem.
In 2023, PEPE went viral due to significant investments and its presence on platforms like X, leading to a rapid increase in its price and community size shortly after its launch.
๐ Several factors influence $PEPE's price:
Community: A robust community on social media platforms has significantly impacted its market value, especially at launch.
Major Exchange Listing: Being listed on major cryptocurrency exchanges has bolstered its performance.
Crypto Regulation: The ambiguous and evolving regulatory environment can affect its utility and market price.
Competition: The emergence of new meme coins can challenge PEPE's market position, similar to how it affected Dogecoin ($DOGE ) and Shiba Inu ($SHIB ).
๐ Who created Pepe?
The creators of PEPE remain anonymous, a common trait among meme coin projects. Despite being named after Matt Furieโs character, the project claims no official connection to him.
The future of PEPE is uncertain, with potential growth or decline based on community support, regulatory changes, and competition within the meme coin market.
Let's see what the future holds for PEPE.
๐Disclaimer: This is not a financial recommendation, cryptocurrency investments are speculative, and past performance does not guarantee future results. Always conduct your own research and consider your risk tolerance.
Thank you for reading.