What is Pepe PEPE? Meet the latest viral meme coin phenomenon Kraken Blog Kraken Blog

This deception may be to encourage them to buy their doppelgänger token instead, steal personal information, or infect their devices with malware. “The remaining 6.9% of the supply is being held…only to be used as tokens for future centralized exchange listings, bridges, and liquidity pools. This wallet is easily trackable with the ENS name pepecexwallet.eth,” wrote the creator(s). Because most memecoins don’t really offer anything besides being a meme, many of them have volatile price movements, meaning they can go from hitting an all-time high to their lowest price in a span of just two weeks or less.

The first and arguably most famous of these is Dogecoin, which was created in 2013 and used a picture of a Shiba Inu as its symbol. Although memecoins are generally created as simple 5 reasons to choose node js jokes or references, without complex features or economics, the hype that surrounds their existence can drive up their popularity (and prices) in hyper-volatile markets. Launched in mid-April 2023, PEPE is an example of a memecoin, though one of a different variety than the oft-popular doge or Shiba Inu tokens.

So, the reason we’re talking about Pepe Coin today is because the currency’s value has really boomed since it came on the scene, trading on the Ethereum blockchain. It also gained attention from the crypto press as its market cap shot up to eight-digit values and Dogecoin’s price saw concurrent declines. The momentum kept up going devops team into May, as Pepe Coin garnered 69,000 traders (nice) and gained a fresh hype cycle off a Times Square display.

1. Pepe Coin quickly gained traction, drawing significant attention from the crypto community.
2. This tweet led to a significant increase in PEPE’s trading volume and a noticeable surge in its price, demonstrating Musk’s influence on the cryptocurrency market.
3. PEPE appeals to the cryptocurrency community by instituting a no-tax policy and being up-front about its lack of utility, keeping things pure and simple as a memecoin.
4. Once registered, you can charge your account via bank transfer, Apple Pay, or credit/debit card payment.
5. The token successfully launched in early 2023, but by August of that year, Pepe Coin suffered a $15 million loss, as an internal team member syphoned off around 16 trillion PEPE to different wallets of centralised exchanges (CEXs).

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On April 19th, a new cryptocurrency project launched in homage to the well-loved Pepe the Frog. Pepe is a green, amphibious cartoon character that originated from a 2005 comic entitled The Boy’s Club, created by Matt Furie. Pepe the Frog was introduced in 2005 by cartoonist Matt Furie as a character in his comic called Boy’s Club. Pepe was depicted as a large-mouthed, green amphibian who played video games and hung out with his friends.

What is Pepe Coin?

In that case, the question for investors including the person holding close to 6 trillion PEPE will be whether they can squeeze a payday out of the token before the cryptocurrency community’s attention is drawn elsewhere. Within just weeks after its public launch in April 2023, PEPE became one of the most highly traded cryptocurrencies. While it took Dogecoin (DOGE) almost four years for its market capitalisation to reach $1 billion, Pepe Coin surpassed its first billion within three weeks of its launch.

Volt Inu and VoltiChange are affiliated with Pepe via VoltiChange’s widget integration directly onto Pepe Coin’s website. Volt Inu claims to be the first deflationary decentralised exchange (DEX), offering VoltiChange, which automatically lists and makes any Uniswap or PancakeSwap project deflationary — for free. There doesn’t appear to be any additional functionality for PEPE as of yet, beyond the usual functions of cryptocurrencies. Namely, being a borderless, pseudonymous means of transacting value digitally.

Pepe Reinvents Himself Just in Time

The market cap of the green frog now sits at over $3.4 billion (as of March 21, 2024), and has quickly become one of the most popular memes of 2024, surpassing DOGE and Shiba Inu on price gains and trading volume. The project aims to capitalize on the popularity of meme coins, like Shiba Inu and Dogecoin, and strives to establish itself as one of the top meme-based cryptocurrencies. PEPE appeals to the cryptocurrency community by instituting a no-tax policy and being up-front about its lack of utility, keeping things pure and simple as a memecoin. In the past, anonymous creators of virally popular crypto projects have stolen their users funds via rug pulls.

Is Pepe Coin A Good Investment?

PEPE bitcoin private fork 28th feb is an ERC-20 token on the Ethereum blockchain, with a maximum supply of 420,690,000,000 tokens. The team states on the official website that Pepe Coin is a 100% decentralised and 0% tax meme token, and 100% of its liquidity is burned. PEPE employs a redistribution system that rewards long-term stakers, offering them incentives to remain committed to the project.