PEPE is a meme-inspired cryptocurrency created as a parody of other popular cryptocurrencies. It is an ERC-20 token issued on the Ethereum blockchain.

A new entrant into the world of meme coins dominated by dog-inspired memes, such as Dogecoin, Shiba Inu, and Floki, Pepe is meant to represent the intersection of blockchain and the world of memes.

Pepe coin is a community-driven project that aims to provide a fun and engaging way for people to participate in the cryptocurrency ecosystem. In May 2023, its market cap surged past the $1 billion level, helping it break into the top 100 cryptos by market cap.

PEPE was launched by anonymous creators in stealth mode. The token held no presale at launch and promises zero taxes.

PEPE is a community-driven project that aims to provide a fun and engaging way for people to participate in the cryptocurrency ecosystem. It aims to become the most memorable memecoin in the crypto market, overthrowing the reign of dog-based memecoins.

PEPE captivates the cryptocurrency community by implementing a tax-free approach, a redistribution system that benefits long-term stakers, and a burning process to preserve the scarcity of the PEPE coin.

$PEPEs redistribution mechanism makes it rewarding to HODL the token long-term, offering higher incentives to long-term holders. This mechanism is seen as a commitment to ensure the long-term success of the meme-based crypto.

In addition, PEPEs team has implemented a token-burning mechanism to boost its value via a deflationary process. This method will ensure the scarcity of PEPE coins in the market, supporting the value of the project.

Finally, the no-tax policy makes PEPE stand out from other cryptocurrencies. The project can attract a wider audience and expand its user base by not imposing transaction fees.

Pepe Coin was launched on 17 April 2023. The PEPE price witnessed a significant surge in the initial weeks following its launch, possibly over optimism about Binance listing the token in its Innovation Zone category.

The creators behind Pepe have chosen to remain anonymous, and its website maintains that no established team is backing the project. It was inspired by the Pepe the Frog meme. However, the website insists it has no official partnership with Pepe the Frog or its creator Matt Furie.

PEPE was listed on BYDFi in May 2023, with PEPE/USDT as the most popular trading pair on the BYDFi Spot Market. By the first week of May, the PEPE tokens market cap had exceeded $1 billion, ranking it among the top 100 cryptos by market capitalization on BYDFi.

$PEPE is a meme-based cryptocurrency devoid of inherent worth or anticipation of monetary gains. Lacking an official team or strategic plan, this coin serves no practical purpose and exists solely for amusement.

However, it could be an interesting inclusion in your crypto portfolio if you wish to diversify into the meme token space. As a relatively new entrant in the memecoins category, it could enjoy considerable attention, especially during a bull run in the crypto market.

Investors risk appetite surges during a bullish mood in the crypto market. This, in turn, increases the demand for all kinds of crypto assets, memecoins included, a sentiment that could potentially support the PEPE price.

Although it is impossible to make an accurate PEPE price prediction over time, some fundamentals could offer better insight into the volatility in the PEPE coin, such as:

Level of Adoption

As more investors buy or hold the PEPE token, we could see the value of Pepe coin head higher in the crypto market. The price of PEPE is a factor of market demand - higher demand makes the crypto more valuable and drives its price up.

Future Developments

When the developers behind the project introduce new use cases for the PEPE crypto or announce new partnerships, investor confidence in the token is boosted. This could also support the PEPE price statistics in the market.

Market Sentiment

A favorable outlook toward cryptos in general and meme tokens in particular also drives bullish price trends in PEPE token. A bullish mood among crypto investors could increase the PEPE to USD price in the market. On the other hand, a bearish or risk-averse mood could keep investors away from the market, weakening the price of PEPE cryptocurrency.

PEPE is a meme token with no intrinsic value, inspired by the Pepe the Frog meme. According to the project's roadmap, its creators are focused on the following:

Phase 1

The project's first phase focuses on the token's launch and driving its adoption among crypto traders. The team also aims to get $PEPE trending on social media solely through the power of memes.

Phase 2

In the second phase, Pepe's creators will focus on driving community partnerships and starting a Pepe Times digital newsletter. They also have plans to launch a token-gated Discord group exclusively for $PEPE holders. PEPE aims to cross 10,000 holders in this stage.

Phase 3

The next phase will launch exclusive Pepe merchandise, Pepe Academy, and developer tools. The project also aims to get listed on Tier 1 crypto exchanges and have its number of holders exceed 100,000 by this stage.

You can stake PEPE on Pepe Stake - the first decentralized, immutable, trustless, community-powered staking pool for the token. Token holders can generate passive income by minting stPEPE on the platform. Here's how to stake PEPE on Pepe Stake:

1. Visit the Pepe Stake website and click Stake Now.

2. Connect your wallet to the dApp. Ensure your wallet is funded with sufficient tokens by buying PEPE on BYDFi or other supported platforms and withdrawing your tokens to your wallet.

3. Click Mint stPEPE to set the number of PEPE tokens you wish to stake.

4. Set a custom spending cap on your wallet and approve the transaction.

Sit back, mint stPEPE, and earn passive income by staking PEPE via Pepe Stake.

According to Pepes official website, the token supply of PEPE is fixed at 420,690,000,000,000. A staggering 93.1% of the tokens were allocated to the liquidity pool, with LP tokens burnt and the contract renounced.

The remaining 6.9% of PEPEs supply is held in a multi-sig wallet exclusively for CEX listings, bridges, and liquidity pools. Transactions on this wallet can be traced easily by using the ENS name pepecexwallet.eth.