The current upswing in the cryptocurrency market is thought to be a result of the advent of meme coin initiatives. In particular, Pepe coin (PEPE) has garnered considerable notice in recent times, due to its distinctive features. Given this, it is essential to undertake a detailed analysis of Pepe coin (PEPE) and ascertain why it differentiates itself from other meme coin undertakings.
What is Pepe Coin (PEPE)?
Pepe (PEPE) is a meme-based cryptocurrency that has been developed on the Ethereum network. The project’s logo depicts a well-known green frog that has gained significant popularity on the internet. The development team drew inspiration from this iconic image to create the PEPE project.
The inspiration for PEPE, like Dogecoin and Shiba Inu, can be traced back to a popular internet meme featuring a universally recognized green frog. This relatable meme has pervaded all social media platforms, allowing for a swift resonance with the broader community. As a result, PEPE has quickly captured the hearts of many.
The website clearly states that “PEPE” is a meme coin without any intrinsic value; therefore, financial gain should not be expected. It is also devoid of an official team or a well-defined roadmap for development. The PEPE token is completely useless and solely intended for entertainment purposes.
What is it about this meme project that would justify making such a grandiose assertion?
The most notable points of PEPE
PEPE exhibits a high degree of decentralization and operates independently of any centralized control over its supply and circulation. The developers of PEPE do not hold the authority to regulate the smart contract.
Like Dogecoin and Shiba Inu, PEPE is also inspired by a well-known Internet meme, namely the green frog that everyone knows, whose image has been photoshopped and shared on various social media platforms. It is this familiarity that has enabled PEPE to quickly gain affection from the community.
Undoubtedly, PEPE must possess distinguishable traits that enable it to rank alongside the market leaders like Dogecoin or Shiba Inu among the popular meme coins.
One of the most notable and strongest aspects of PEPE is its community, which is evident in its large following across various social media platforms including Facebook, Twitter, and Telegram. At times, PEPE has been among the top trending keywords on Twitter, sparking enthusiastic discussions amongst users.
The Twitter account of the project boasts nearly 300,000 followers, with each post receiving a notable level of engagement.
Pepe coin twitter
Pepe coin website: pepe.vip
Despite being launched only on April 16th, 2023, the PEPE project has already achieved a market capitalization of over 1.8 billion USD, a remarkable figure that many meme coin projects, including conventional ones, would aspire to achieve.
At the time of writing, despite undergoing various adjustments, the market capitalization of PEPE remains above 600 million USD and is ranked as the 76th largest cryptocurrency on Coingecko in terms of market capitalization.
How many addresses hold PEPE Coin?
At the time of writing, according to CoinmarketCap’s statistics, approximately 115,875 addresses own PEPE. Since its release, the number of addresses holding PEPE has consistently increased and there have been no indicators of decline.
- Token name: Pepe
- Ticker: PEPE
- Blockchain: Ethereum
- Contract: 0x6982508145454ce325ddbe47a25d4ec3d2311933
- Total Supply: 420.690.000.000.000 PEPE
- Circulating Supply: 420.690.000.000.000 PEPE
In which with Liquidity Pool is 391,662,390,000,000 PEPE (93.1%) and CEX Listing is 29,027,610,000,000 PEPE (6.9%)
Ninety-three point one percent of the tokens will be transferred to the Liquidity Pool, while the remaining 6.9% will be held in a multi-signature wallet. This percentage will only serve as a token for centralized exchange listings, bridges, and future Liquidity Pools. The wallet is easily traceable through its ENS name, “pepecexwallet.eth.”
What is PEPE token used for?
As previously stated at the beginning of this article, the token PEPE does not serve any practical purpose. It lacks utility or any real-world applications. Rather, PEPE is merely a “meme coin” created for the purpose of entertainment.
As memes are inherently volatile in nature, investing in PEPE requires it to be approached as a form of “short-term investment” and to strictly avoid placing “all in” bets.
How to buy PEPE coin ?
From the early days, PEPE has been listed on most major and minor DEX and CEX platforms, making it easy to trade this cryptocurrency. To be specific, you can trade PEPE on the following exchanges:
- CEX: Gemini, Huobi, Bitget, Binance, Bybit, OKX, Kucoin, Crypto.com, bingx
- DEX: Uniswap
PEPE storage wallet
PEPE can be stored on any wallet that supports the Ethereum network (ERC-20), including but not limited to:
- Trust Wallet
- Coin98 Wallet…
Roadmap PEPE Coin
PHASE 1 and 2 have been accomplished by PEPE. In PHASE 3, there will be several new products, such as Pepe merch, Pepe Academy, and Pepe Tools.
Who created pepe coin
PEPE does not have an official team and the individuals who support PEPE operate anonymously.
PEPE Coin founder
Due to the absence of funding rounds, PEPE will not have any official investors or partners for the project.
Should I buy PEPE?
The decision to purchase or not is ultimately up to each individual, as everyone’s circumstances and positions are unique. In our opinion, it is advisable for individuals to conduct their own research and make informed decisions, rather than blindly following the advice of others.
However, prior to investing in meme coins, it is prudent for individuals to take note of the following points:
- No FOMO and no all in
- Given the highly volatile and risky nature of meme coins, it is imperative to thoroughly research and evaluate prior to making any investments.
- No long-term investment
- There are several meme coins in existence that have been specifically designed for the purpose of deception, such as rug pull, and disappear quickly after. It is important to note that not all projects have the long-term potential of Dogecoin and Shiba Inu.
For quite some time now, both PEPE specifically and meme coins as a whole have been an integral part of the extensive cryptocurrency ecosystem. As long as cryptocurrency continues to progress, meme coins will undoubtedly continue to persist.
In this marketplace, anything may occur. Regardless of the investment project, including meme coins, it is advisable for individuals to approach cautiously and conduct research prior to investing.
We express our gratitude to you all for following this article and extend our well wishes for your success in securing the most appropriate project for yourselves.
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