What is the PEPE (PEPE)$PEPE currency?

A decentralized cryptocurrency that operates on the Ethereum (ETH) blockchain. The identity of its creators remains unknown, but it is believed to have been created by anonymous developers and was officially launched in April 2023.

As a token that follows the ERC-20 standard, PEPE operates on the Ethereum network, benefiting from the high security levels and multiple functionalities provided by this leading network. The total initial maximum supply of PEPE is set at 420.69 trillion tokens, a number that carries a humorous reference directly inspired by the widely popular internet meme "Pepe the Frog." This close connection to internet culture and memes is what places PEPE in the category of "meme coins," alongside other currencies that gained popularity in similar ways, such as Dogecoin ($DOGE ) and Shiba Inu ($SHIB ). It is noteworthy that the development team has implemented periodic token burns aimed at reducing the circulating supply; as a prominent example, 6.9 trillion PEPE tokens were burned on October 24, 2023.

Although the project started with a humorous tone, the PEPE currency quickly attracted immense and rapid interest from the cryptocurrency investor and trader community, swiftly turning into a speculative asset with large trading volumes. As of January 2025, PEPE was ranked among the top 25 cryptocurrencies by market capitalization.