Pepe Coin (PEPE) is a cryptocurrency that launched in April 2023, rooted in the popular "Pepe the Frog" meme and which is positioning itself as "the most memeable memecoin in existence".
The "Pepe the Frog" character originated from the comic series "Boys Club" by artist Matt Furie, first appearing in 2005. Over time, the character became a widely recognized and versatile meme, used across various internet communities for different purposes. However, the meme also faced controversy when it was co-opted by certain online groups for political and offensive content, leading to Furie’s efforts to reclaim its original, positive intent.
PEPE Coin capitalizes on this meme’s cultural significance, positioning itself within the meme coin niche alongside others like Dogecoin and Shiba Inu. The token features a supply of 420.69 trillion coins, playing into internet humor and making it accessible to a broad range of retail investors. The appeal of PEPE Coin lies in its meme status, with no intrinsic utility beyond speculative trading. Its rapid rise in popularity was driven by social media, listings on major exchanges, and the broader meme coin trend.
PEPE is a deflationary memecoin launched on Ethereum. The cryptocurrency was created as a tribute to the Pepe the Frog internet meme, created by Matt Furie, which gained popularity in the early 2000s.The project aims to capitalize on the popularity of meme coins, like Shiba Inu and Dogecoin, and strives to establish itself as one of the top meme-based cryptocurrencies. PEPE appeals to the cryptocurrency community by instituting a no-tax policy and being up-front about its lack of utility, keeping things pure and simple as a memecoin.In late April to May 2023, the explosive surge of PEPE caused its market cap to reach a high of $1.6 billion at one point, minting millionaires out of early holders and attracting a strong community of like-minded followers. It has induced what some may dub a "memecoin season," causing other memecoins — some launched within hours — to go on spectacular pumps and just as astounding dumps. It remains to be seen if PEPE and other memecoins will go on to new highs, although that is certainly the hope of many believers waiting for the coming BTC halving cycle praying for a Bull Run.The PEPE roadmap features three phases, where phase one includes listing on CoinMarketCap, and getting $PEPE trending on Twitter, while phase two includes listing on centralized exchanges (CEXs) and phase three includes “tier 1” exchange listings and what the team terms a “meme takeover.”