These platforms allow fans to connect, share updates, and grow the community further. The crypto developers saw Pepe’s widespread recognition as an opportunity to create a cryptocurrency that resonates with meme lovers and internet communities. And, as a result, it was launched by US developers on April 2023. On X (formerly Twitter), the team came clear search and buy airlines tickets with usdc on what happened, but the token’s value only recovered with another announcement made in October.
Discussing Pepe Coin’s social media prominence isn’t complete without acknowledging Elon Musk, whose tweet acted as a golden touch, driving Pepe Coin’s value up by more than 60%. The phenomenon illustrates the extraordinary influence that public figures can wield in the meme coin arena, where a single endorsement can send ripples across the market. Musk’s tweet wasn’t just a nod to Pepe Coin; it was a clarion call that echoed throughout the crypto space, spotlighting the coin and inflating its value virtually overnight. PEPE maintains several fundamental advantages during altcoin seasons.
Since it’s an ERC-20 token, you can easily purchase PEPE through popular decentralized exchanges (DEXs) such as Uniswap. It is also on several exchange platforms including KuCoin, Huobi Global, and OKX. Caden has been involved with crypto since 2018, when he began investing, trading, and mining tokens. He took part in undergraduate research studying cryptoeconomics at the University of Michigan, where he will graduate Phi Beta Kappa with a bachelor’s in economics in 2025. He is experienced with DeFi technology and multiple blockchains, currently investing in Ethereum and Bitcoin.
- Be sure to compare factors such as what pairs you can trade, as well as things like slippage and gas fees.
- All examples listed in this article are for informational purposes only.
- For potential investors, PEPE offers an entry point into the vibrant world of memecoins, but comes with the volatility and speculative nature inherent to this category.
- In August 2023, the community began talking about project issues after a large volume of coins was transferred from a multi-signature wallet to centralized exchanges.
- In the unpredictable world of crypto, meme coins often serve as a fun distraction—and occasionally, a surprising goldmine.
This surge positions PEPE as a standout performer among meme coins, attracting both retail and institutional interest in the growing altcoin rally. If buying through an exchange, you might use that exchange’s hosted wallet, or you might use a self-custody wallet. The choice can depend on factors such as your security and control preferences. Some popular crypto wallets include Best Wallet, MetaMask, and Trust Wallet, with the choice depending on factors like the projects you want to buy into and your custody preferences. The creators of PEPE coin remain anonymous, which is not uncommon in the cryptocurrency world. The team has successfully promoted the coin through social media without revealing their identities.
Final Thoughts on Pepe Coin’s Potential
However, meme coins are purely speculative assets with no utility. While it is the volatility of meme coins that may attract many to this narrative, as it offers the opportunity for incredible gains, this also means the price can drop just as suddenly. In the world of meme coins, branding, and sentiment can carry as much weight as technical fundamentals, and Pepe Coin plays this game with aplomb. One of the most popular meme coins — and the 31st largest cryptocurrency by market cap on CoinGecko — is Pepe coin (PEPE). This coin was inspired by the “Pepe the Frog” meme, which comes from a character originally created for a comic series in 2005.
Only consider buying if you understand the risks of memecoin investments and are prepared for potential volatility and losses. PEPE distinguishes itself crypto mining protection through its connection to the popular Pepe the Frog meme, its no-tax policy on transactions, and its transparency about being purely a memecoin without utility claims. Its large community and successful exchange listings have also contributed to its prominence.
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They show current prices, market capitalization, and 24-hour trading volumes. These platforms also display which exchanges list Pepe Coin along with their trading volumes. Finding the right wallet and exchange for Pepe cryptocurrency can be tricky. Others point to Dogecoin’s surprising longevity as proof that cultural relevance can maintain value.
Factors That Could Slow Pepe’s Growth
The charts show a powerful MAs golden cross, and it broke out of a long-term pattern. Meanwhile, the trading volume today rose by approximately 189%, hitting around $1.62 billion, a testament to growing market enthusiasm and liquidity. Be sure to review token contracts closely to ensure you’re getting what you intended rather than buying scam coins, and watch out for airdrop scams. As mentioned, there are several places where you can buy Pepe coin. If using an exchange like Coinbase, you’ll need to create an account first, or you can connect your wallet to a DEX or swap platform to start trading. Be sure to compare factors such as what pairs you can trade, as well as things like slippage and gas fees.
Without proper auditing, smart contracts may intentionally or accidentally contain flaws that a person could exploit for personal gain. PEPE Coin exists as an ERC-20 token built on top of the Ethereum blockchain. As a result, Ethereum’s network of proof-of-stake validators process PEPE Coin transactions. For secure storage, users can opt for hot wallets like MetaMask or cold wallets like Ledger and Trezor. Proper backup of recovery phrases and avoiding custodial risks are essential in safeguarding these assets. Emir Abyazov, a seasoned crypto journalist, is celebrated for his insightful and balanced coverage of blockchain triangular arbitrage problems technology, cryptocurrencies, and the evolving digital economy.
The rally has pushed PEPE’s market capitalization to $5.09 billion, cementing its position as the 31st largest cryptocurrency by market value. Pepe coin can also be bought on DEXs (decentralized exchanges) such as Uniswap. The pairs used for swapping Pepe coin vary by the decentralized exchange and what other investors are offering. The process for trading on DEXs can be more complex and riskier than a centralized exchange, but you can gain benefits like more control and privacy. Typically, the process involves connecting a non-custodial wallet like Best Wallet so you can trade your crypto assets for Pepe coin. Double-check that you’re using the right contract address to ensure that you’re trading the assets you intended.
- The risk factor is high with these kinds of meme coins, which can be attractive to traders seeking the adrenalin rush of dynamic pricing and crypto speculation.
- Increased activity in Pepe NFTs typically indicates broader cultural momentum that can benefit the token.
- This straightforward approach, combined with viral marketing, helped PEPE achieve multi-billion-dollar market capitalization within weeks.
- On-chain analytics platform Lookonchain identified a substantial purchase that has energized the PEPE ecosystem.
- Despite little technical differentiation, they’ve achieved billion-dollar market caps.
What Is Pepe Coin (PEPE)?
Shiba Inu’s success proved meme coins weren’t a one-time phenomenon. Pepe Coin represents the next evolution in this rapidly developing space. This meme-based digital asset has a unique appeal and staying power.
To build trust, its initial liquidity pool was burnt, ensuring fair access and transparency. With locked liquidity and deflationary tokenomics, PEPE grew from a $20M to $9.5B market cap in less than a year, cementing its status as a leading meme coin on Ethereum. They are extremely risky, as they offer zero stability and they have no real-world utility. Despite its price unpredictability, Pepe is among the most popular of meme cryptocurrencies, thanks to its online boosters. It has a market capitalisation of $US5.31 billion, according to CoinMarketCap, which places it 27th of more than 9,000 coins by market cap. (Dogecoin and Shiba Inu come in at eighth and 19th respectively).
Like all memecoins, PEPE is considered a high-risk, speculative investment. It lacks the fundamental utility of many other cryptocurrencies and relies heavily on community sentiment and market trends. The main reason Pepe Coin attracted a lot of interest in the cryptocurrency world is that it is a meme-based digital asset paying homage to the well-known Pepe the Frog meme. Although it began as a playful and community-driven token, it now has a number of distinctive features that set it apart from other meme coins.
When buying any meme coin project, not just PEPE, there are many risks that prospective buyers should know beforehand. The coin came into the market without any presale and with a promise of zero taxes. This approach aimed to create a fair and accessible entry point for investors, fostering a sense of community right from the start.
Market Indicators to Watch
Double-check that you’re using the right wallet address before executing the trade, too. PEPE is an ERC-20 token built on the Ethereum blockchain, utilizing Ethereum’s security and infrastructure. PEPE is one of the greatest examples of a meteoric rise to fame, having undoubtedly transformed the lives of numerous people by generating enormous income for them. However, since nobody can foresee what will happen next in the cryptocurrency market, it seems unlikely that you will catch the bus again if you have already missed it.