$BTC Pepe Coin ($PEPE), launched in April 2023, is a meme coin on the Ethereum blockchain that rapidly gained popularity, reaching a $5 billion market cap. Known for its no-tax policy and declared lack of intrinsic utility, PEPE distinguishes itself by embracing the iconic, albeit controversial, Pepe the Frog meme.

Beyond its meme status, the project introduced PepeSwap, aiming to integrate DeFi functionalities like staking and liquidity provision, offering users potential PEPE rewards. Despite its volatile nature inherent to meme coins, PEPE has cultivated a strong community and demonstrated significant trading activity. Its value is largely driven by internet culture and social sentiment, making it a unique and high-risk asset in the cryptocurrency space.