Buy Pepe

What is Pepe? How to buy $PEPE memecoin? Let's go! Pepe ($PEPE) is a memecoin intended for entertainment purposes only, and its tokens have no intrinsic value or utility.

But that hasn’t stopped the crypto being widely known and traded just for fun. The creators even admit that the coin is just a fun exercise, saying on their official website (be careful of fakes), “$PEPE is a meme coin with no intrinsic value or expectation of financial return. There is no formal team or roadmap. The coin is completely useless and for entertainment purposes only.”

What is Pepe? What is the meaning of Pepe lore?

Launched in April 2023 by anonymous creators, Pepe has quickly become one of the top-traded cryptocurrencies without a presale, airdrop or a marketing muscle.

Pepe ($PEPE), a meme coin built on the Ethereum blockchain, gained significant popularity shortly after its public debut in April 2023. Within just three weeks, it achieved a milestone that took Dogecoin (DOGE) almost four years to reach: A market capitalisation surpassing $1 billion. Despite its extreme price volatility, $PEPE boasts an impressive number of individual holders.

While the official PepeCoin website explicitly states that $PEPE lacks intrinsic value or any expectation of financial returns, more than a hundred thousand investors have acquired $PEPE.

In contrast to the DOGE and SHIB memecoins, which took almost four years and 10 months for its market capitalisation to surpass $1 billion, Pepe reached the same milestone within three weeks of its launch. The price of $PEPE has been highly volatile since then.

Where did the Pepe meme come from?

Pepe the Frog is a cartoon character crafted by artist Matt Furie for his comic book "Boy’s Club". $PEPE has no association with Matt Furie or his creation Pepe the Frog. The meme, once spawned, took on a life of its own. It has a bit of a political backstory, so you may want to read up on it before you buy.

Is Pepe a memecoin?

Yes. Pepecoin ($PEPE) is now one of the most well-known memecoins. It is a new player, having burst onto the scene in 2023, which is rather recently in the timeline of crypto. But it hasn’t stopped the cryptocurrency from being one of the most talked-about offerings.

PepeCoin: The memecoin backstory

PepeCoin ($PEPE) was created as a homage to Pepe the Frog, a popular internet meme that originated in the early 2000s. Pepe the Frog is a cartoon character that has been used to express various emotions and opinions online, sometimes in controversial ways.

It is reportedly also connected to cannabis culture. The circulating supply of $PEPE is 420 million tokens, and this is a nod to cannabis culture’s 4/20 (a general slang term for cannabis consumption).

Pepe is a digital currency that is based on a humorous or viral phenomenon. Memecoins are often seen as fun and lighthearted, but they can also attract a lot of attention and investment from the cryptocurrency community. Some examples of other meme coins are Dogecoin and Shiba Inu.

Pepe: Deflationary

Pepe is different from most meme coins because it is deflationary, which means that its supply decreases over time. This is achieved by a mechanism that burns (destroys) a small percentage of $PEPE tokens every time a transaction is made.

This creates scarcity and it’s primary aim is to increase the value of the remaining tokens. The performance of most cryptocurrency can be highly volatile, with their value dropping as quickly as it can rise. You should be prepared to lose all the money you invest in cryptoassets.

How did the Pepe craze start?

It is thought that just one whale (a person or company who holds a huge amount of a particular crypto) started the Pepe buying spree. One person bought 5.9 trillion $PEPE coins for $260, using 0.125 ETH. The price of Pepe rose, and now that investor’s initial US$260 is worth US$7million at the time of writing, March 28, 2024.

After this news broke, many other people wanted to buy $PEPE coins too, hoping to make a lot of money before the price went down.

But there is a catch. The person who has 5.9 trillion $PEPE coins might not be able to sell them easily, because there are not enough buyers and sellers for $PEPE in the market.

Pepe community

Pepe has gained a lot of popularity and support from its fans, who call themselves Pepes. The Pepe community use social media platforms like Twitter to promote and celebrate their meme coin, and to interact with other Pepes. The Pepe community also hope that Pepe will become one of the top meme-based cryptocurrencies in the market.

What is Pepe? Conclusion

Pepecoin is one of the many memecoins that have emerged in the crypto space, inspired by the popularity of Dogecoin and other meme-based cryptocurrencies.

Pepe is based on the Ethereum blockchain. The name and logo of Pepe are derived from the Pepe the Frog meme, which was created by Matt Furie in 2005 and became a viral internet phenomenon.

Pepe is jostling for attention alongside Shiba Inu and Dogecoin their loyal community of fans. Pepecoin aims to be a fun and accessible way for people to get involved in the crypto world.