Pepe Price Today

The current real-time Pepe price is $0.00 . PEPE price has grew by 16.15% in the last day and increased by 20.26% in the last seven days. It’s important to note that the current Pepe market capitalization is $4,759,630,261. The maximum supply is 420,690,000,000,000.00 PEPE, with a circulating supply of 420,689,900,000,000.00. PEPE is ranked #23 in terms of market cap.

Pepe Explained

Pepe (PEPE) is one of the world's largest and most traded meme coins. The project is based around the infamous Pepe The Frog character created by Matt Furie and popularized throughout the 2010s to 2020s online meme culture. Despite Pepe utilizing Furie's character as a muse, he was not involved in the project's development. 

Despite being created as a tribute to an internet meme, Pepe demand has rocketed, making the asset a popular speculative investment. Pepe aims to capitalize on the popularity and demand for projects like Dogecoin and Shiba Inu, which leveraged meme-hype to generate massive amounts of value. 

Despite surging to a multi-billion dollar market cap, Pepe was created in 2023 by an anonymous team, which raises questions about who controls the project and their motives. It was claimed that Zachary Testa created the project, although his involvement is yet to be confirmed. 

How Pepe Works

Pepe is built on the Ethereum network, meaning the project benefits from its parent network's security features, impressive decentralization, and scaling capabilities. As Pepe is an ERC-20 asset built on Ethereum, people must pay gas fees using ETH. Moreover, the time required for a Pepe transaction to complete will depend on Ethereum's congestion. 

Despite being an ERC-20 token, Pepe is not technically a Proof-of-Stake (PoS) cryptocurrency. There is no dedicated protocol enabling users to stake PEPE tokens to validate transactions or improve the security of the network. While some exchanges and staking platforms enable investors to stake their PEPE to earn rewards, the functions are not directly linked to the project. 

Pepe operates differently compared to traditional cryptocurrencies. Instead of generating value by implementing innovative features or improving an existing industry in some capacity, Pepe focuses on value creation solely through community and marketing. As such, although Pepe doesn't have much utility in a traditional sense, it remains popular as a speculative investment.

What's Unique About Pepe

Although Pepe's website states it is ‘completely useless,' the team has built a simple crypto bridge, enabling users to swap tokens between the Ethereum, Arbitrum, and BNB Chains. Moreover, 1% of the transaction pool is distributed among token holders, incentivizing people to hold for the long term. 

An advantage of Pepe compared to other meme coins is that the project has a renounced contract, meaning new tokens cannot be minted to devalue the supply. Moreover, there is no tax on Pepe transactions, ensuring that people receive 100% of the tokens they're entitled to. 

Pepe focuses on generating value by fostering a strong and active community instead of introducing utility. The team behind the project is extremely talented with social media, fan interactions, and creating hype. 

Pepe Burn Mechanism

To decrease the circulating supply of Pepe tokens and increase the value of each token, Pepe has implemented a deflationary mechanism that burns 1% of the fees generated from Pepe transactions. Burning PEPE removes tokens from the supply, bolstering the value of those that remain. 

Pepe Price History

Pepe was stealth-launched in 2023 without an Initial Coin Offering (ICO). The project was released at a price of $0.00000006579. 

During 2023, demand for meme coins was extremely high due to the massive success of Dogecoin and Shiba Inu. As a result, exchanges like MEXC and Huobi listed PEPE, causing a surge in demand, which led the token to shave two zeros of its price, hitting $0.00000378. 

Over the next nine months, Pepe slowly fell in value, trading between $0.0000006334 and $0.000001078 until February 2024. 

As prices exploded in the broader crypto market. PEPE followed suit, rising to $0.000009977 by March. While the asset fell the next month, it went parabolic in May, hitting an all-time high of $0.0000167. Today, PEPE is trading for $0.00 , roughly 16,000% higher than its launch value.