The essence of this coin is a meme that has surely made us all smile at some point.
Although the developer is anonymous and this raises suspicions for many people, the course of this memecoin in the market has caused a lot of talk in recent months, let's recap:
May 2023
The cryptocurrency PepeCoin (PEPE) skyrocketed more than 68% in the last 24 hours, reaching an all-time high and surpassing other major meme cryptocurrencies such as Doge coin and ShibaInu. The turnover of the Pepe Coin cryptocurrency reached $263 million in the last 24 hours, making it the cryptocurrency with the second highest turnover, behind Dogecoin with $322 million, according to the data. by LunarCrush.
The official PepeCoin Twitter account announced that it had already reached the milestone of 50,000 holders since its launch just 15 days ago.
August 2023
The PEPE cryptocurrency experienced strong capital inflows and outflows in August. This caused its trading volume to skyrocket by 107.5% to $93 million in just 24 hours. Of course, these sudden movements are reflected in their tokens.
PEPE was the 74th cryptocurrency in the world, with a market capitalization of more than $500 million and more than 134,000 active investors, according to Etherscan data. Compared to the rest of the meme cryptocurrencies, Pepe Coin became the third largest in this category, only behind Doge coin and ShibaInu...
As on other occasions in which the viral has stood out above all things, in recent days we have been witnessing how the logo of a frog from the 2000s sneaks into the news and into the feeds of social networks.
The frog we are talking about is none other than 'Pepe the Frog', a popular Internet meme that imitates this animal in a humanoid body. It first appeared in a Matt Furie comic called 'Boy's Club' and ended up becoming a recurring joke towards the end of that decade.
PEPE is a deflationary cryptocurrency launched on Ethereum. And this means? A deflationary cryptocurrency is a digital currency designed to reduce its supply over time. The main goal of deflationary cryptocurrencies is to prevent the digital finance market from eventually being flooded with digital assets while increasing the value of the currency.
In other words, the total number of circulating token supply of deflationary cryptocurrencies tends to shrink over the years.
- There are currently 391,790,000,000,000 PEPE coins in circulation and a maximum supply of 420,690,000,000,000 coins.-
A 'memecoin' is a cryptocurrency that is based on an Internet meme. These coins often have a more playful and humorous approach compared to other more serious cryptocurrencies. Some popular examples of memecoins include#Dogecoinand Shiba Inu.
Although these coins may seem like a joke, some have seen significant increases in value and gained a large following. In fact, the PEPE project aims to match Shiba Inu or Dogecoin in popularity.
PEPE is distinguished by its no-tax policy, a redistributive system that rewards long-term bettors, and a 'burning' mechanism to maintain the scarcity of the PEPE coin.