Summary: Pepe is a cryptocurrency that combines the playful spirit of internet meme culture with the crypto world. Designed for both novelty and practical use, this coin aims to foster a community-driven approach to digital transactions. Launched in 2023, it has quickly achieved a $3.5 billion market cap and listings on major exchanges. With its unique branding inspired by the well-known Pepe the Frog meme, it seeks to stand out by offering a blend of humor, user engagement, and technological innovation.
What is Pepe?
Launched in April 2023, Pepe Coin is a cryptocurrency similar to Bitcoin or Ethereum but with its own unique characteristics and community culture. Originating as a meme-inspired asset, Pepe Coin quickly evolved beyond its humorous beginnings to gain a foothold in the cryptocurrency market. Its name and design are derived from the popular internet meme character "Pepe the Frog," which has been widely used in various online communities.
Pepe Coin, embodying the ethos of full decentralization, marks a significant stride in the cryptocurrency realm. Characterized by its emblematic Pepe the Frog, this digital asset aims to redefine meme coins by integrating the lightheartedness of memes with robust blockchain technology. Its infrastructure includes PepeSwap, a decentralized exchange fostering liquidity provision, staking, and token swapping for PEPE rewards, enhancing user engagement through a novel passive income model.
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How Much is Pepe Coin Worth?
Pepe Coin ($PEPE) is valued at a $3.5 billion market capitalization and is up over 30,000x since launching in early April 2023. The meme coin is now the 35th largest crypto asset on the market, eclipsing prominent protocols like Tezos, Synthetix, Sui, Frax, and Curve. As of March 2024, 1 PEPE is worth 0.0000072 USD.
PEPE Tokenomics
Pepe Coins' tokenomics feature a simple and transparent structure. The total supply is 420,690,000,000,000 coins, with no taxes applied. A significant 93.1% of the supply is allocated to the liquidity pool, while LP tokens are burnt and the contract is renounced. The remaining 6.9% resides in a multi-sig wallet, earmarked for future exchange listings, bridges, and liquidity pools, and can be tracked via the ENS name "pepecexwallet.eth".
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Who Created PEPE?
The team that deployed the initial Pepe Coin smart contracts and liquidity pools are completely anonymous. However, the coin is inspired by the Pepe the Frog meme, which was originally created by artist Matt Furie in 2005. It is important to note that the PEPE coin has no official connection with Furie or the original cartoon character, which is stated on the token's website.
Pepe Coin Roadmap
The roadmap outlines ambitious phases, including widespread adoption, platform enhancements, and community-driven expansions, promising a dynamic evolution within the DeFi sector. Pepe Coin's roadmap has seen significant progress, with most milestones achieved. The coin has surpassed 100,000 holders and secured listings on major exchanges such as Binance and Bybit.
From the initial launch and securing CoinGecko and CoinMarketCap listings to fostering community partnership, Pepe Coin has successfully completed phases one and two of its plan. The next expansion is into merchandise, Pepe Academy, and Pepe Tools, which will further solidify Pepe Coin's presence in the memecoin landscape.
Final Thoughts
In conclusion, Pepe Coin has swiftly gained traction as a unique meme coin, boasting simple tokenomics, anonymous creators, and impressive growth. With a market capitalization exceeding $1 billion and over 100,000 holders, the coin has established a strong community presence and secured listings on major exchanges. As PEPE continues to achieve its roadmap milestones and expand into merchandise, Pepe Academy, and Pepe Tools, it reinforces its commitment to maintaining a competitive edge in the memecoin landscape.
Dylan Matthews is the Co-Founder and head of operations at Buy Bitcoin Bank, with a background in engineering and experience as a Prop Trader. He has leveraged his knowledge and skills to build and scale the platform, providing users with a seamless experience for buying and selling cryptocurrency.
