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Pepe Coin (PEPE) is a meme-inspired cryptocurrency launched in April 2023, drawing its identity from the popular internet character, Pepe the Frog. Operating on the Ethereum blockchain, PEPE employs a deflationary model with no transaction taxes, aiming to enhance its appeal and potential value.
Upon its release, 93.1% of the token supply was added to the liquidity pool, while the remaining 6.9% was reserved for future use in centralized exchange listings, bridges, and liquidity pools.
Despite lacking intrinsic utility, PEPE rapidly gained attention, achieving a market capitalization of $1.6 billion shortly after launch.
Its value has been subject to significant volatility, characteristic of meme coins, influenced by community engagement and broader market trends.
As of January 16, 2025, PEPE traded at approximately $0.000019 per token, with a market cap around $7.85 billion and a 24-hour trading volume near $986 million.