Overview of PEPE Coin
PEPE coin is a meme-based cryptocurrency inspired by the viral Pepe the Frog internet meme. Launched in 2023 as an ERC-20 token on Ethereum, it rapidly gained popularity for its cultural relevance and speculative appeal. Despite limited utility, PEPE boasts a $4.06B market cap, reflecting strong community engagement and liquidity.
Key Metrics (As of Latest Data)
- Current Price: $0.0596
- 24h Trading Range: $0.0591–$0.0596
- Market Capitalization: $4.06B
Where to Trade PEPE
Top exchanges offering PEPE/USD trading pairs:
| Exchange | Trading Pair | 24h Volume | Confidence |
|---|---|---|---|
| Binance | PEPE/USDT | High | ★★★★☆ |
| Coinbase | PEPE/USD | Medium | ★★★☆☆ |
| Kraken | PEPE/EUR | Low | ★★☆☆☆ |
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PEPE Coin Mechanics
Tokenomics
- Deflationary Model: Small token burn per transaction reduces supply.
- Redistribution: 1% of transactions distributed to holders.
- No-Tax Policy: Zero trading fees enhance accessibility.
Use Cases
- Speculative Trading: Capitalize on volatility.
- Community Rewards: Earn via redistribution.
- Meme Culture Engagement: Social media-driven value.
FAQs
1. Is PEPE a good investment?
PEPE’s volatility and meme status make it high-risk. Its deflationary mechanism and no-tax policy attract traders, but prices hinge on social trends.
2. What drives PEPE’s price?
Demand, hype, and crypto market trends. Listings and collaborations may spur short-term spikes.
3. What’s PEPE’s all-time price range?
- ATL: $0.0428
- ATH: $0.0727
4. How does PEPE’s redistribution work?
Holders earn 1% of transaction volumes automatically.
5. Why invest in meme coins like PEPE?
Potential high returns from viral trends, but always assess risks.
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Key Takeaways
- PEPE thrives on community sentiment.
- Monitor exchange listings and social media for price cues.
- Diversify investments beyond meme coins.
Data updates in real-time; verify metrics before trading.