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Pepe Coin (PEPE) is a meme-based cryptocurrency inspired by the popular internet meme "Pepe the Frog." It launched in April 2023 and quickly gained attention for its viral marketing, low market cap at launch, and speculative hype — similar to other meme coins like Dogecoin and Shiba Inu.
Here are some key facts about PEPE:
No intrinsic utility: Like many meme coins, it's driven largely by community interest and speculative trading, rather than any real-world use case.
Massive supply: PEPE has a circulating supply in the trillions, which means each coin is valued at a fraction of a cent.
No taxes: The creators launched it with no transaction taxes and burned a large portion of tokens to create scarcity.
High volatility: Prices can spike or crash rapidly, often based on social media hype or influencer mentions.