A new viral meme coin is captivating the crypto market, led by the iconic green frog, Pepe. Launched on April 19th, PEPE Coin pays homage to Pepe the Frog, a beloved internet meme originating from Matt Furie's 2005 comic, The Boy's Club. Over the years, Pepe has evolved into a cultural icon, prevalent across platforms like Reddit and 4Chan, with countless meme variations like "Sad Pepe" and "Pepe Gigachad."
Who Created Pepe (PEPE)?
The creators of PEPE Coin remain anonymous, a common practice in the meme coin space. The official PEPE website clarifies that the project has no affiliation with Matt Furie. Instead, it operates as a community-driven initiative to celebrate and expand the frog's legacy.
What Does Pepe (PEPE) Offer?
Currently, PEPE functions like most cryptocurrencies—enabling pseudonymous, borderless digital transactions. The project's roadmap outlines three phases:
- Initial Launch: Focused on listings (CoinGecko, CoinMarketCap) and growing social media presence.
- Partnerships & Exchange Listings: Collaborations, CEX listings, and exclusive Discord community access.
- Meme Takeover: Introducing merchandise, educational tools ("Pepe Academy"), and aiming for 100,000+ holders.
Pepe (PEPE) Blockchain and Technical Details
PEPE is an ERC-20 token on the Ethereum blockchain, leveraging Ethereum’s proof-of-stake network. Transactions incur Ethereum gas fees.
👉 Explore PEPE's token contract here
Contract Address: 0x6982508145454ce325ddbe47a25d4ec3d2311933
PEPE Price Performance and Tokenomics
- Launch Price (April 17, 2023): ~$0.00000006036
- All-Time High (May 5, 2023): $0.000004213 (6,879% increase)
- Total Supply: 420.69 trillion PEPE
- Circulating Supply: 391.79 trillion (~93%), with LP tokens burned.
The team renounced contract ownership to mitigate rug-pull risks, though 6.9% of tokens are reserved for future CEX listings and liquidity pools (trackable via ENS: pepecexwallet.eth).
Risks of Investing in Pepe (PEPE)
1. Anonymous Development Team
While anonymity is common in crypto (e.g., Bitcoin’s Satoshi Nakamoto), it raises risks of scams like the 2021 Squid Game token rug pull ($2M stolen).
2. Copycat Projects
Fake PEPE replicas may emerge to deceive buyers—always verify contract addresses.
3. Smart Contract Vulnerabilities
Unaudited contracts could harbor exploits, risking funds.
4. Extreme Volatility
Meme coins like DOGE often see wild price swings. PEPE’s short history already reflects this—expect continued turbulence.
FAQs About Pepe (PEPE)
1. Is PEPE Coin affiliated with Matt Furie?
No. The project is independent and community-driven.
2. How can I buy PEPE?
Purchase via decentralized exchanges (Uniswap) or supported CEXs using Ethereum.
3. What’s PEPE’s long-term utility?
Currently a meme coin, but future phases aim to expand use cases (merch, education).
4. Why is PEPE’s supply so high?
High supply keeps individual token prices low, appealing to retail traders.
5. Is PEPE a safe investment?
High-risk due to volatility and unproven longevity—invest cautiously.
Conclusion
Pepe (PEPE) stands out as a meme coin with a passionate community and cultural resonance. While its future hinges on adoption and development, its rapid rise highlights the enduring power of internet culture in crypto. Always DYOR (Do Your Own Research) before investing.