We have discussed the story of memecoin PEPE, which has taken the crypto community by storm for the last few days.
How did PEPE, one of the newest members of memecoins that have been dominating the crypto world in the past few weeks, come about? How the founder and the community, we will tell in this article.
What is PEPE?
Popular memecoins like PEPE often have a story behind them. For example, the story on Dogecoin was a memecoin released from 4chan, a platform from the time before Reddit. One of the factors that made Dogecoin gain its popularity today was Twitter CEO Elon Musk. Similar to the story on Dogecoin, PEPE is a memecoin that entered the crypto world in April 2023.
PEPE was originally launched to commemorate one of the internet’s oldest memes, Pepe the Frog.
The slogan of PEPE on its website is as follows:
“The most meme in existence is memecoin. Dogs are past their good days, now it’s PEPE’s turn.”
PEPE’s supply was set at 420,690,000,000, a reference to June 20, 2009 when meme was released. PEPE is working on the Ethereum Blockchain. It also aims to offer its investors gains in price with stake rewards and burns.
While everything has been pretty ordinary up to this point, the stories shared on Twitter recently make PEPE popular. Some early PEPE buyers share the story of earnings going from $8 to $27 million. Others have made their earnings from $25 to $4.24 million. When this is the case, memecoin manages to become one of the 50 most valuable tokens by exceeding the market value of 1.5 billion dollars in the following days.
According to the current CoinGecko data, PEPE has been traded at $830,000 in the last 24 hours and is the 42nd most valuable cryptocurrency.
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