2023-05-02
PEPE, the
latest meme coin to make it into the top 100 cryptocurrencies by market cap in
just two weeks, and this article is everything you need to know about this new
meme.
The briefly PEPE’s coin history
PEPE meme-coin
launched on April 2023 on 18th April and has taken time less than
three weeks later, PEPE has a market cap of over $420 million and has entered
the top 100 list of coins.
At the time
of writing, PEPE is traded on major exchanges such as Huobi, MEXC, OKX, and
others. Aside from that, it is also available on several decentralized
exchanges such as Uniswap.
According
to the official website, the PEPE meme coin is designed to be "the most
memorable meme coin out there," with references to other popular meme
tokens such as Shiba Inu (SHIB), Floki Inu (FLOKI), Dogecoin (DOGE), and
others.
According
to the website, the design of PEPE suggests that it does not have any real
value and does not provide any financial returns or benefits, nor does it have
an official team or roadmap. The coin is created solely for entertainment
purposes, and the website explicitly states that PEPE is a meme coin with no
practical use or value.
This is not
a new concept in the crypto market, as several past meme coins have been
similarly cautioned against, with users being advised against investing in
them. On the other hand, the goal of PEPE token is to "simply show respect
for the memes we all love and know."
PEPE Meme-coin’s Goal and Vision
The team behind the token has set expectations in the form of a three-phase roadmap, which can be viewed on the website.
Tokenomics:
The total
supply of PEPE tokens is 420,690,000,000,000, which is a nod to the popular
"4:20" and "69" memes. 93.1% of the supply is sent to a
liquidity pool, while the remaining 6.9% is stored in a multi-sig wallet and
will be used for future listings on centralized exchanges, liquidity pools, and
bridges. The wallet can be tracked using the ENS name
"pepecexwallet.eth".
PEPE Memecoin ecosystem:
The PEPE
ecosystem is growing every day, with over 65,000 token holders, 25,000 official
Telegram group members, and a Twitter account with over 133,000 followers as of
May 1st.
The Token’s risk
Like most
meme coins, there is a high level of risk associated with PEPE coin. However,
PEPE has recently entered the top 100 cryptocurrencies by market capitalization
within just two weeks of its launch, making it one of the fastest-growing
digital currencies. PEPE is one of the most volatile digital currencies since
its inception, and its price swings can be significant.
For
example, on May 1st, the price of MEME token increased by more than double,
rising over 100%. While it may sound enticing, it is important to note that
there is risk involved. As the popular saying goes in the crypto market,
"What goes up, must come down."
Even if the
price of PEPE "goes up," it could quickly lose all of its current
value. Therefore, it is important to remember that the creators themselves have
stated that it has no real value, and its worth is only what people are willing
to pay for it. The risk is even higher for a newly created token like MEME,
which has emerged from an unknown source.
In brief, PEPE meme coin has caused a buzz in the cryptocurrency market, and
numerous individuals in the community are drawing comparisons between Pepe and
other meme coins such as SHIB, DOGE, FLOKI, among others. But only time will
tell if this meme-inspired token will survive.
