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Launched in April 2023, Pepe Coin $PEPE is a meme cryptocurrency inspired by the viral Pepe the Frog internet meme. Built on Ethereum, it features deflationary tokenomics, with a massive initial supply (420 trillion) and periodic burns to drive scarcity. Gaining momentum through social media hype and influencer endorsements, PEPE exemplifies the speculative frenzy around meme coins. Despite lacking utility, it surged briefly post-launch, fueled by listings on exchanges like Binance and OKX. However, risks include extreme volatility, susceptibility to pump-and-dump schemes, and rug pulls due to unvetted development teams. Investors should approach cautiously, prioritizing research over hype in this high-risk, community-driven asset.