The PEPE coin is a digital currency of the 'meme coin' type inspired by the famous internet character 'Pepe the Frog'. It was launched in mid-April 2023, specifically on April 14, 2023, on the Ethereum network (ERC-20). It stood out with a strong launch, surpassing a market value of one billion dollars in less than a month from its launch, driven by significant interest from the cryptocurrency community and its rapid spread on social media.
Key features of the PEPE coin
No taxes on transactions: The currency was designed without fees on buying or selling, encouraging its trading among users.
Smart contract is immutable: The smart contract for the currency was launched without the ability to modify it, enhancing its transparency and user trust.
Active community: The currency relied on support from the internet community and meme enthusiasts, contributing to its rapid spread and increased popularity.
No practical utility: The currency was presented purely as a meme coin, without any promises of practical benefits or financial returns, making it a project for entertainment and experimentation only.
Subsequent developments
In May 2023, the PEPE coin was listed on major exchanges like Binance and Gemini, increasing its accessibility and trading among users. The coin also experienced significant price fluctuations, rising by 700% after its launch, then dropping by 65% in mid-May 2023.
Important notes
- Lack of a known team: The currency was launched by an anonymous team, meaning there is no official information about the developers or the responsible entity.
- No official connection to the character 'Pepe the Frog': Although the image of 'Pepe the Frog' is used, the currency is not officially connected to the character's creator, artist Matt Furie.