Pepe Coin

Pepe Coin (PEPE) is a deflationary memecoin that made its debut on the Ethereum blockchain in April 2023. Drawing inspiration from the iconic "Pepe the Frog" meme, which was created by Matt Furie back in the early 2000s, this cryptocurrency seeks to tap into the growing trend of meme-driven digital assets.

History

Pepe Coin made its debut on April 14, 2023, with a stealth launch that skipped the usual pre-sale or initial coin offering, which helped to ensure a fair distribution for all investors. It didn’t take long for the project to catch the eye of the cryptocurrency community, and it quickly soared to a market cap of over $1 billion just after hitting the market.

Features

• Deflationary Mechanism: A portion of each transaction is burned, reducing the total supply over time to create scarcity and potentially increase value.
• No-Tax Policy: Pepe Coin imposes no transaction taxes, distinguishing it from other cryptocurrencies that may charge fees on transfers.
• Ethereum-Based: As an ERC-20 token, Pepe Coin benefits from Ethereum's robust security and widespread adoption.

Market Performance

After its release, Pepe Coin saw a lot of volatility common with most memecoins. Its current price, as of April 2, 2025, is $0.000007 per PEPE, with a market cap of about $3.11 billion and a 24-hour trade volume of $739.07 million.

Community and Cultural Impact

Pepe Coin has built a passionate community of fans and investors, tapping into the popularity of the "Pepe the Frog" meme. The project really values community involvement and has a mission to "make memecoins great again," highlighting the cultural side of cryptocurrency.

Criticisms and Controversies

As with many memecoins, Pepe Coin has been criticized for its absence of inherent utility and the speculative behavior of its market performance. Its anonymous development team and lack of roadmap have also been a source of concern among prospective investors.