This guide will delve into the PEPE crypto, its significance and mechanics. If there’s one meme that encapsulates the confusing twists and turns of internet culture, it’s a green frog with a preternaturally expressive face. While this isn’t always the case with anonymous creators, it certainly pays to be mindful when approaching these kinds of projects. The team also states that it has “no devs, just community,” meaning the goal of Pepe Coin is not a technological breakthrough, but as a meme community project in the crypto space. In line with the Trust Project guidelines, the educational content on this website is offered in good faith and for general information purposes only.
- This decision means they purportedly no longer have any control over the cryptocurrency, including the ability to modify its code.
- Although Pepe’s launch went mostly unnoticed, the token quickly rose to popularity in late spring of 2023.
- While it took Dogecoin (DOGE) almost four years for its market capitalisation to reach $1 billion, Pepe Coin surpassed its first billion within three weeks of its launch.
- Coinbase Wallet, Zengo Wallet, and OKX Wallet are all solid options for safely and securely storing your PEPE.
- It is not intended to offer access to any of such products and services.
- To understand PEPE and its significance, we must first revisit the meme’s origins.
The success of meme coins like WIF and Pepe can be attributed to the viral and engaging nature of meme-based cryptocurrencies. It’s too early to make a certain price prediction for Pepe coin, considering its recent launch. Some crypto experts, like DFG founder James Wo, think that memecoins are integral parts of the crypto trading landscape, and more projects like PEPE will continue to emerge. However, like many other fleeting memecoins, PEPE may also experience significant price volatility and risk fading from public attention quickly.
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As opposed to Bitcoin, a replacement for currency, or Ethereum, a decentralized computing platform, Dogecoin unapologetically had no purpose. In summary, the Pepe (PEPE) cryptocurrency project has emerged as a unique and vibrant addition to the blockchain ecosystem. With its strong roots in meme culture and a passionate community, Pepe has managed to transcend its comic book origins and establish itself as a new — if still burgeoning — digital asset. The creators of Pepe also added they’ve renounced their ownership of the contract.
All were tested over a six month period, with the information fact checked, and peer reviewed. Some of the qualifications for the top wallets and platforms included, availability, safety, user-experience, and features outside of regular use. These selections reflect the wallets and platforms that met the top marks for the options on the market. One standout meme coin that has gained considerable traction in 2024 is PEPE crypto, inspired by the internet sensation Pepe the Frog.
The PEPE coin is an Ethereum-based deflationary memecoin that draws inspiration from the Pepe the Frog Internet meme. “The remaining 6.9% of the supply is being held…only to be used as tokens for future centralized exchange listings, bridges, and liquidity pools. This wallet is easily trackable with the ENS name pepecexwallet.eth,” wrote the creator(s). All examples listed in this article are for informational purposes only. You should not construe any such information or other material as legal, tax, investment, financial, cybersecurity, or other advice. Nothing contained herein shall constitute a solicitation, recommendation, endorsement, or offer by Crypto.com to invest, buy, or sell any coins, tokens, or other crypto assets.
Because of their virality, popular meme coins can be prone to especially high price volatility. In part, this is due to the sector’s reputation for being very high-risk but potentially the best cryptocurrency exchanges to trade with high-reward. It’s true, some have successfully profited from the sharp price movements of meme coins. But equally, many traders have also lost out because of the wild price swings.
Conclusion — Should You Buy PEPE?
Returns on the buying and selling of crypto assets may be subject to tax, including capital gains tax, in your jurisdiction. Any descriptions of Crypto.com products or features are merely for illustrative purposes and do not constitute an endorsement, invitation, or solicitation. PEPE’s distinct burning mechanism is the project’s unique aspect that strives to maintain the coin’s scarcity in the face of its colossal maximum supply. A portion of the crypto’s total tokens gets permanently removed from the circulating supply on a regular basis. According to the project’s official website, 93.1% of the token’s total supply was sent to a liquidity pool, where LP tokens (liquidity provider) were burnt.
Similarly to other memecoins, a robust crypto community sustains PEPE crypto. Memecoins are known best for their whimsical origins and the strong community surrounding them. Hence, they rely on their cultural and viral appeal to attract investors and users.
Bitcoin Cash
As a result, Ethereum’s network of proof-of-stake validators process PEPE Coin transactions. The purpose of this website is solely to display information regarding the products and services available on the Crypto.com App. It is not intended to offer access to any of such products and services. You may obtain access to such products and services on the Crypto.com App. Once registered, you can charge your account via bank transfer, Apple Pay, or credit/debit card payment.
Phase two, known as “Vibe and HODL,” is currently underway, with several objectives already met. These include forming community partnerships, gaining listings on centralized exchanges, initiating a newsletter, and establishing a private Discord server exclusively for token holders. The first phase has already been accomplished, with the coin stealth-dropped, creating a buzz on social media platforms, and listing on significant exchanges. Moreover, PEPE also surpassed its initial target of one thousand holders. Dogecoin, created in late 2013 by developers Billy Markus and Jackson Palmer, was arguably the first memecoin to land on the market. They said they made it as a joke, with its name a reference the popular “doge” meme, or an image of a Shiba Inu, a particular breed of dog.
Much like the meme it’s based on, PEPE’s journey reflects the ever-evolving landscape of cryptocurrencies, where innovation and pop culture collide in unexpected ways. PEPE launched in mid-April with an attractively low price and an abundant supply of 420 trillion, referencing cannabis culture’s 4/20, added to the allure. For many, PEPE represented a refreshing departure from incessant updates on crypto regulations and market shifts during the cold grip of the bear market. To understand PEPE and its significance, we must first revisit the meme’s origins. Cartoonist Matt Furie introduced Pepe the Frog in his 2005 comic “Boys Club,” and since its debut, the character has evolved into an internet meme. While the PEPE crypto has no formal relations with Furie or the original Pepe the Frog, the memecoin used Pepe imagery to build a committed community quickly.
Anonymous creator(s)
Now, the cryptocurrency has a market capitalization of more than $10 billion, according to CoinMarketCap. The remaining tokens are reportedly held by the creator(s) of the Pepe crypto project, in a multi-signature crypto wallet. According to the website, these tokens are set aside for future development and listing purposes. Like many other meme coin creators in the market, they have chosen to remain completely anonymous.
Notably, PEPE has a circulating supply of 417,481.33 billion and a max supply of 420,690 billion. For example, the famous creator of Bitcoin, Satoshi Nakamoto, is still unknown to this day. Please note that the availability of the products and services on the Crypto.com App is subject to jurisdictional limitations. Crypto.com may not offer certain products, features and/or services on the Crypto.com App in certain jurisdictions due to potential or actual regulatory restrictions. PEPE is an ERC-20 token with a deflationary model introduced on the Ethereum blockchain. It operates under the security of the proof-of-stake (PoS) consensus mechanism, with decentralized validators staking 32 ETH to facilitate transactions and maintain the network’s integrity.
Pepe Coin, named after the iconic meme character, is a cryptocurrency that emerged in April 2023, riding the coattails of internet culture’s fascination with the green frog. Created as a decentralised token on the Binance Smart Chain, Pepe Coin aims to infuse the digital asset world with the irreverent spirit of its namesake. Just like the name suggests, a how to get free bitcoins on prime dice buy bitcoin with bank wire memecoin is a cryptocurrency that originated from a meme. Memecoins typically use easily recognizable symbols, figures, and images, like Doge –– or Pepe the frog. The better the chosen symbol, the higher the project’s chances of success. In the meantime, memecoin trading has seen a dramatic uptick, according to data compiled by Dune analyst James Tolan.
Copycat projects are common in crypto, not just within the meme coin sector. Scammers spin up new crypto projects to appear identical to other official platforms. This deception may be to encourage them to buy their doppelgänger token instead, steal personal information, or infect their devices with malware.
Their price history is mostly positive, and their token prices have managed to remain relatively stable despite the many challenges they had to face. Within just weeks after its public launch in April 2023, PEPE became bitcoin owners told to transfer savings out of bitpay wallets after private keys stolen one of the most highly traded cryptocurrencies. While it took Dogecoin (DOGE) almost four years for its market capitalisation to reach $1 billion, Pepe Coin surpassed its first billion within three weeks of its launch.