Pepe (PEPE)
Pepe (PEPE) is a memecoin ERC-20 cryptocurrency inspired by the popular Pepe the Frog meme, originally created by Matt Furie. The token is independent of Furie and his creation. It was first minted and launched on April 14, 2023. On May 5, 2023, PEPE achieved a significant milestone, surpassing a $1 billion market cap following Binance's announcement of its listing in their Innovation Zone. By May 23, 2024, PEPE's market cap had reached $6 billion, marking a new all-time high.
Overview of Pepe
Pepe positions itself as a simple memecoin with the aim of revitalizing the meme coin market. The project emphasizes its independence and lack of affiliation with any formal team or roadmap, stating that it holds no intrinsic value and is primarily for entertainment. The team has also clarified that they will not engage in airdrops, staking, or require wallet signatures to protect the community from potential scams.
| Ticker | PEPE |
| Category | BNB Chain Ecosystem |
| Website | https://www.pepe.vip/ |
| @pepecoineth | |
| Contract Addresses | |
|---|---|
| ethereum | 0x69...33 Copied! |
| binance-smart-chain | 0x25...00Copied! |
| arbitrum-one | 0x25...00Copied! |
Growth of PEPE
The PEPE token experienced rapid growth shortly after its creation on April 14, 2023. Within days, it achieved a market cap of over $100 million, driven by significant trading volume on platforms like Uniswap V2. The increasing popularity of PEPE and other meme tokens led to a surge in Ethereum network activity, influencing gas prices. By June 22, 2023, the token had over 125,000 on-chain holders, highlighting its expanding community. On May 23, 2024, PEPE reached a new market cap milestone of $6 billion.
Exchange listings
PEPE's market cap exceeded $400 million on May 1, 2023, with listings on exchanges such as OKX, MEXC Global, Bitget, Gate.io, and Huobi. The token's inclusion in Binance's Innovation Zone on May 5, 2023, further boosted its market presence. On the same day, PEPE was listed on KuCoin, maintaining high trade volumes. By May 9, 2023, PEPE was available on Gemini, offering swaps with various currency pairs. Gemini later introduced a PEPE/GUSD perpetual contract on its derivatives platform in June 2023.
Tokenomics
PEPE has a total supply of 420,690,000,000,000 tokens. Of these, 93.1% were allocated to an ETH-PEPE liquidity pool on Uniswap, with the LP tokens burnt and the contract renounced. The remaining 6.9% is reserved in a multi-sig team wallet for future uses like centralized exchange listings, bridges, and liquidity pools. This wallet is trackable under the ENS "pepecexwallet.eth."