What is PEPE? Pepe, with the ticker PEPE, is a digital asset memecoin born from the “Pepe the Frog” meme. How does PEPE work? Although the asset is considered a memecoin, it is actually a token — more specifically, an ERC-20 token running on the Ethereum blockchain.
What is PEPE used for?
Memecoins are essentially speculative assets that can amass communities of fans and surge in popularity. Throughout the cryptocurrency and blockchain industry’s history, assets such as Dogecoin (DOGE) have risen and fallen in price based on various factors. Assets like these do not directly serve a specific role in a particular ecosystem in the same way that a coin like Ethereum’s Ether (ETH) is used as the blockchain’s primary asset, as a payment vehicle for activity on the blockchain.
The Boy’s Club comic series, crafted by Matt Furie, is the original spark that led to the creation of the Pepe meme and, subsequently, the PEPE coin — or PEPE token, more accurately. The comic featured a frog named Pepe, which gained prevalence across the web over the years following the comic’s creation in 2005. In 2023, Pepecoin was born, gathering a significant amount of steam, with the PEPE marketcap having seen levels above $1 billion.
PEPE price today
The current PEPE crypto price is listed at the top of the page. The price history for the PEPE cryptocurrency can be seen in the PEPE chart above. Can Pepecoin reach $1 per token? If the PEPE circulating supply remains in the hundreds of trillions, reaching $1 per token logically seems fairly unrealistic, as it would require a market capitalization of hundreds of trillions of dollars. The PEPE total supply and the PEPE maximum supply are also in the hundreds of trillions. The future of PEPE is unknown, although PEPE news captured headlines in 2023
