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Pepe (PEPE) is a meme coin inspired by the "Pepe the Frog" internet meme. Launched in 2023, it runs on the Ethereum blockchain and has no inherent utility beyond its community-driven hype and viral appeal. Its value is largely speculative, fueled by social media buzz and trader sentiment. Historically, PEPE has seen wild price swings—surging over 5,000% in its early months and hitting a market cap of billions—but it’s prone to volatility due to its lack of fundamental use case. Its success hinges on maintaining momentum, which can fade as fast as it builds.
Shiba Inu (SHIB), launched in 2020, is another Ethereum-based meme coin, often dubbed the "Dogecoin Killer." It gained fame in 2021 with a staggering 500,000%+ rally, turning tiny investments into fortunes. SHIB has a massive supply (originally 1 quadrillion tokens, though burns have reduced this), which keeps its per-token price low. Unlike PEPE, SHIB has tried to evolve with projects like Shibarium (a Layer-2 scaling solution) and ShibaSwap (a decentralized exchange), but its core appeal remains tied to its meme status and loyal "SHIB Army" community.
Both tokens thrive on hype, low entry prices, and speculative trading rather than practical utility. PEPE leans harder into absurd meme culture, while SHIB has a slightly broader ecosystem. Their prices are tiny—think fractions of a cent—so even small investments can buy millions of tokens, fueling dreams of massive gains if they "moon." However, this also means they’re high-risk; huge percentage jumps are possible, but so are steep drops.