#CryptoComeback Pepe (PEPE) is a deflationary meme coin that gained significant popularity in the cryptocurrency space in early 2023. It is based on the internet meme of Pepe the Frog, a character that originated in a comic series and has since been widely adopted and remixed online.

PEPE operates as an ERC-20 token on the Ethereum blockchain. It distinguishes itself by explicitly stating it has "no intrinsic value or expectation of financial return," positioning itself purely as a meme-driven and community-focused token. Its tokenomics often include features like a "no tax" policy on transactions and a burn mechanism, where a portion of each transaction is permanently removed from circulation to potentially increase scarcity over time.

The rapid rise in PEPE's value was largely fueled by social media hype and a strong online community embracing its meme origins. This surge in popularity led to its listing on various cryptocurrency exchanges. However, like many meme coins, PEPE's price is highly volatile and susceptible to rapid fluctuations based on internet trends and sentiment. It's important to note that investments in meme coins carry significant risk due to their speculative nature and lack of fundamental value.