#MarketRebound

The PEPE currency is a digital currency inspired by the character "Pepe the Frog," launched in April 2023 on the Ethereum network. It falls under meme coins and gained rapid fame due to its active community and widespread popularity. It experienced significant increases in its market value, surpassing one billion dollars just weeks after its launch, but also faced sharp volatility and losses exceeding 60%. PEPE is based on the ERC-20 protocol and features a burning mechanism to reduce supply and increase scarcity. Despite the risks, some analysts see potential for its future within the meme coin category, especially if it continues to attract community interest and active trading.