What is PEPE?
In the chaotic world of memecoins, PEPE appeared like a meteor in April 2023, with a mission to completely change the rules of the game. Inspired by the high-profile Pepe the Frog meme, PEPE debuted in an unprecedented invisible way - no pre-sale, no transaction tax, and a bold burn of the initial liquidity pool. This move is not only about creating scarcity, but also about commitment-driven and barrier-free access to the community. From the day it was born, PEPE was destined to become a memecoin superstar in people's hearts!
From the initial innocent cartoon image to the current status of being closely associated with controversial culture, Pepe the Frog has undergone an unprecedented cultural transformation. However, in the world of cryptocurrency, Pepe has found a brand new identity. The memecoin uses the frog's widespread recognition and notoriety to its advantage, distances itself from past controversies, and focuses on building a positive and inclusive community. This transformation not only highlights the cultural icon's ability to reinvent himself, but also makes PEPE the uncrowned king of the cryptocurrency world!
PEPE Market Status
After its stunning debut in April 2023, PEPE quickly became a hot topic. Imagine that it took Dogecoin (DOGE) nearly four years to break through the $1 billion market cap, while PEPE achieved the same feat in just three weeks! PEPE's rise has not only dominated the headlines, but also spawned a large number of imitators and derivatives, each trying to get a piece of the magic of the meme.
Just last week, PEPE hit an all-time high of $0.000017256, pushing the meme coin's gains this year to a staggering 1000%! Data shows that more than 96% of PEPE investors have seen double or more gains on paper! This crazy craze for PEPE is jaw-dropping, like a tidal wave sweeping in, and it should not be underestimated!
The PEPE token has become the third token with a market cap of more than $7 billion (after Dogecoin and Shiba Inucoin), and it has risen by nearly 122% in May alone! As of the time of writing, the latest transaction price of PEPE is around $0.0000153, and the current market value is $6.405 billion, ranking 22nd in cryptocurrency! Ranked 3rd in the hot search list!
Summary and Analysis
In this round of bull market, although hot spots in the secondary market emerge in an endless stream, it also tests the timing ability of players.
