A bearish chart pattern suggests that PEPE could shave off another 70% in value, especially if the wider market continues to trend down.
The meme cryptocurrency PEPE, also known as Pepecoin by some, is a digital currency based on the internet meme character Pepe the Frog. Created by Matt Furie, the Pepe character gained massive popularity as a humorous meme.
The PEPE cryptocurrency was created in 2023 as a deflationary memecoin and quickly gathered a community around it, but it serves “entertainment purposes only” according to its website. The history of the PEPE coin is very recent, and the PEPE founder remains anonymous.
If you are interested in buying PEPE coins, it is listed on several popular centralized exchanges (CEXs) and decentralized exchanges (DEXs). The price of PEPE is volatile, and memecoin trading is seen as highly risky.
Top Pepe mania profiteers have dumped their PEPE tokens en masse, suggesting declining holding interest among whales.3116
Memecoins can be used as a form of currency, although their acceptance and stability may vary.805
As the crypto industry matures, the pressure is on for projects to offer more than just a catchy name or a meme-worthy mascot.30654
Pepecoin is a new meme-inspired cryptocurrency growing faster than Shiba Inu in its early days, thanks to some big-name exchange listings.11470
Security firm CertiK alerted the community to a fraudulent Pepe website offering rewards, cautioning that the site is linked to a phishing contract.11711
An email newsletter sent out to Coinbase customers on May 10 caused significant backlash from the Pepe community.16388
Pepe has declined 56% over the past five days, wiping a billion dollars from its total market cap.9464
In a recent Cointelegraph Twitter poll, DOGE was voted as the memecoin that will have had the largest market capitalization by 2025, with PEPE coming in second place.4446
After the explosion in popularity of the Pepe memecoin, moderators on the original Pepe the Frog subreddit felt the pressure to lay down the law.3438