Summary
Pepe Coin (PEPE) launched on the Ethereum blockchain as a playful meme coin, paying homage to the famous Pepe the Frog internet meme from the early 2000s. Positioned in the realm of meme-based cryptocurrencies, PEPE aspires to join the ranks of popular coins like Shiba Inu and Dogecoin.
Key Features
PEPE distinguishes itself by adopting a no-tax policy for cost-effective trading, eliminating transaction fees for buying or selling. This ensures users won’t face additional charges during transactions. The redistribution system allocates a fraction of each transaction to benefit existing token holders, encouraging user engagement and supporting long-term investment. The PEPE coin incorporates a burning mechanism to maintain scarcity. The project unfolds in three phases—Embrace the Meme, Cultivate the Vibe and Encourage HODLing, and Achieve Meme Takeover.
Key Data and Price History
PEPE has a total supply of 420,690,000,000,000 tokens. Token distribution allocates 93.1% to the liquidity pool for stable trading, with LP (Liquidity Provider) tokens burned to enhance scarcity. The remaining 6.9% is reserved for CEX (Centralized Exchange) Listings to facilitate trading on major platforms. Pepe Coin quietly debuted in mid-April 2023, with trading starting at approximately $0.0000002823 on April 19, 2023. PEPE reached its peak at $0.00000439 on May 05, 2023, the day it entered Binance. The lowest recorded price was $0.000000055142 on April 18, 2023. Between late April and May 2023, the market cap surged to around $1.6 billion, indicating substantial interest in the coin.
How to Acquire Pepe Coin
To purchase Pepe Coin, consider these channels: Trade PEPE on platforms like Binance, Kucoin, and Kraken through centralized exchanges. Use Uniswap for a more decentralized trading experience on decentralized exchanges. Obtain a crypto wallet, like MetaMask, and ensure it contains ETH (Ethereum) to facilitate the switch to PEPE.
Comparison with Dogecoin
Despite initial success, Pepe Coin has yet to rival or surpass Dogecoin. Achieving Dogecoin’s level of success is considered improbable for Pepe or any new meme coin.
Future Price Predictions
Speculation about Pepe Coin reaching $1 prompts consideration of its massive token supply and the resulting astronomical market capitalization. Comparing this to the U.S. stock market’s capitalization highlights the impracticality of such a scenario. Therefore, deeming it unrealistic for Pepe Coin to hit $1.
In Conclusion
Pepe Coin introduces an engaging concept in the meme coin space, intertwining internet culture with innovative tokenomics. While it has garnered attention and growth, the future trajectory remains uncertain.
