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Meme Token: Unlike many cryptocurrencies that aim to solve specific technological problems or provide utility, PEPE is purely a meme token. Its value and popularity are primarily driven by community sentiment, internet culture, and speculation.

* Ethereum Blockchain (ERC-20): PEPE is an ERC-20 token, meaning it runs on the Ethereum network. This allows it to leverage Ethereum's security and decentralized infrastructure.

* Deflationary Mechanism (Reported): Some sources indicate PEPE employs a redistribution system that rewards long-term holders, potentially encouraging stability by incentivizing users to hold rather than quickly sell. It also claims a no-tax policy on transactions.

* Transparency about Lack of Utility: The project openly states its lack of inherent utility, which is a common characteristic of meme coins. Its appeal lies in its meme status and community engagement.

Current Market Status (as of June 20, 2025):

* Price: PEPE's price is very low, typically trading as a fraction of a cent (e.g., $0.00001041 USD per PEPE). Meme coins are known for their high volatility, and PEPE is no exception. It has experienced significant price swings, including recent drops.