Pepe Coin is similar to any other meme coin; it doesn’t hold any intrinsic value or expectation of financial return, along with no utility. However, lacking utility and fundamental value didn’t stop Pepe Coin from getting on the list of 100 cryptocurrencies by market cap in just two weeks after its launch. It is also known as the most memeable meme coin.

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Pepe Coin can be defined more narrowly as an Ethereum-based deflationary meme coin that was inspired by the Pepe the Frog meme. This meme coin experienced a rapid rise in 2023 and managed to gather a broad community of supporters.

Since it is an ERC-20 token, PEPE takes advantage of all benefits provided by the Ethereum network such as a high degree of security enabled by Ethereum’s Proof-of-Stake (PoS) consensus mechanism.

The project’s roadmap has been set out in three main phases focusing on gaining popularity through listings such as CoinMarketCap’s listing of total market capitalisation and social media platforms and being listed on several leading cryptocurrency exchanges.

Pepe Coin has several interesting features though; for example, the project uses a redistribution system created to incentivise potential investors to hold tokens for a longer period. The main objective of this strategy is to maintain the token’s stability and increase its long-term chance for success