PEPE is a popular community-driven meme cryptocurrency that has captured significant attention within the digital asset space. Designed to pay homage to the classic internet meme "Pepe the Frog," this token aims to revive the nostalgic era of meme coins while fostering an engaged and enthusiastic community. Unlike many traditional cryptocurrencies, PEPE embraces its cultural origins and leverages viral social dynamics to sustain its relevance and market presence.
Market Overview and Key Metrics
As of the latest data, PEPE holds a strong position in the cryptocurrency market. Here’s a snapshot of its core financial metrics:
- Market Capitalization: $3.96 billion
- Circulating Supply: 420.69 trillion PEPE
- Total Supply: 420.69 trillion PEPE
- Trading Volume (24h): $451.38 million
- All-Time High: $0.0000282 (reached on December 9, 2024)
The circulating and total supplies are verified, meaning the tokenomics are transparent and publicly auditable. A high circulating supply is generally favorable for liquidity and accessibility.
Trading Performance and Exchange Listings
PEPE is listed on over 67 major cryptocurrency exchanges, ensuring broad accessibility for retail and institutional traders. Some of the most active trading pairs include:
- PEPE/USDT on Binance
- PEPE/USDT on MEXC Global
- PEPE/USDT on LBank
- PEPE/USDT on Bitget
- PEPE/USDT on OKX
These platforms facilitate significant trading volumes, contributing to the token’s liquidity and price discovery. The current price of PEPE is approximately $0.00000941, with minor variations across exchanges due to market dynamics.
Historical Context and Development
PEPE was officially launched on April 18, 2023, making it a relatively young but rapidly growing asset. Its all-time high of $0.0000282 in December 2024 reflects a period of heightened market interest, though the token has since experienced corrections aligned with broader crypto market trends.
The project is built on the Ethereum blockchain, with the contract address 0x6982508145454Ce325dDbE47a25d4ec3d2311933. A wrapped version of PEPE is also available on the BNB Smart Chain, broadening its utility across multiple ecosystems.
Community and Cultural Significance
At its core, PEPE is more than just a cryptocurrency—it is a cultural symbol. The token leverages the widespread recognition of the "Pepe the Frog" meme, which has been a staple of internet culture for over a decade. This community-centric approach encourages organic engagement, user-generated content, and memetic virality, all of which contribute to its market momentum.
The development team emphasizes decentralization and community governance, allowing holders to participate in key decisions and promotional activities. This strategy has helped PEPE distinguish itself in a crowded meme coin landscape.
Investment Considerations
Like all meme coins, PEPE carries inherent volatility and speculative risk. Its value is heavily influenced by social media trends, influencer endorsements, and broader market sentiment. Potential investors should consider the following:
- High Volatility: Rapid price swings are common.
- Market Sentiment: Performance is often tied to viral trends and community engagement.
- Liquidity: Strong trading volume supports ease of entry and exit.
It is crucial to conduct thorough research and only invest what you can afford to lose. Meme coins, while entertaining and occasionally highly profitable, are not without significant risk.
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Frequently Asked Questions
What is PEPE cryptocurrency?
PEPE is a meme-inspired digital currency built on the Ethereum blockchain. It aims to capitalize on internet culture and community engagement to drive adoption and value.
How can I buy PEPE tokens?
You can purchase PEPE on major cryptocurrency exchanges such as Binance, MEXC, and OKX. Simply create an account, deposit funds, and trade for PEPE using supported pairs like PEPE/USDT.
What is the total supply of PEPE?
The total supply is fixed at 420.69 trillion tokens, all of which are already in circulation. This ensures no further inflationary pressure from new token minting.
Is PEPE a good investment?
As a highly speculative asset, PEPE can offer significant gains but also carries substantial risk. Investment decisions should be based on personal risk tolerance and market research.
Can I store PEPE in any wallet?
Yes, PEPE is an ERC-20 token, so it can be stored in any Ethereum-compatible wallet, including MetaMask, Trust Wallet, and Ledger hardware devices.
What factors influence PEPE’s price?
Social media trends, celebrity endorsements, overall crypto market sentiment, and trading volume are key drivers of PEPE’s price action.
Conclusion
PEPE represents a fascinating intersection of digital currency and internet culture. While its future remains uncertain like all speculative assets, its strong community backing and cultural relevance make it a noteworthy player in the meme coin ecosystem. Whether you're a trader, collector, or crypto enthusiast, understanding PEPE’s dynamics is essential for navigating today’s diverse cryptocurrency markets.
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