Pepe (PEPE) is a memecoin ERC-20 cryptocurrency inspired by the Pepe the Frog meme created by Matt Furie. The token is not affiliated with Matt Furie or his creation Pepe the Frog. The token was first minted and launched on April 14, 2023. ^[1]

On May 5, 2023 PEPE passed a $1 billion market cap after Binance announced they would be listing PEPE in their Innovation Zone. ^[7]

Overview

Pepe describes itself as a simple meme coin with the mission of "making meme coins great again" on its website.

Pepe is tired of watching everyone play hot potato with the endless derivative ShibaCumGMElonKishuTurboAssFlokiMoon Inu coins. The Inu’s have had their day. It’s time for the most recognizable meme in the world to take his reign as king of the memes.

Pepe is here to make memecoins great again. Launched stealth with no presale, zero taxes, LP burnt and contract renounced, $PEPE is a coin for the people, forever. Fueled by pure memetic power, let $PEPE show you the way. In Lord Kek we trust.

Pepe also describes itself as a memecoin with no intrinsic value:

$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.

The project team has stated that they will never have airdrops, staking, or require signatures to reduce the risk of that the PEPE community will fall for scams. ^[6]

Periodical reminder that $PEPE will never be having any airdrops, staking, or links for you to connect your wallet to stay safe and protect your assets from the many scams and Pepe imitations going around.

Growth

The PEPE token was created on April 14, 2023 and grew quickly seeing rapid price growth passing a $100 million market cap by April 19, 2023. On April 19, 2023, the token saw more than $90 million in volume on Uniswap V2 alone. ^{[2] [3]}

The volume of transactions on the Ethereum network increased rapidly with the rise of trading PEPE and other meme tokens causing gas prices to spike on April 19, 2023. After the rise of PEPE several other Internet meme inspired tokens launched including chad, wojak, and babypepe. ^[4]

On May 1, 2023, $PEPE's market cap passed $400 million after OKX announced they would be listing the token. PEPE was previously listed on MEXC Global, Bitget, Gate.io, and Huobi. ^[5]

On May 5, 2023, $PEPE passed a $1 billion market cap after Binance announced that $PEPE would be listed on the exchange as part of its Innovation Zone. ^[7]

Tokenomics

The token has a total supply of 420,690,000,000,000. 93.1% of the tokens were sent to an ETH-PEPE liquidity pool on Uniswap, LP tokens were burnt, and contract is renounced. The remaining 6.9% of the supply is being held in a multi-sig team wallet only to be used as tokens for future centralized exchange listings, bridges, and liquidity pools. This wallet is trackable under the ENS “pepecexwallet.eth”. ^[1]