The PEPE memecoin is another example of the cyclical market behavior in the cryptocurrency industry, where memecoins experience hype and increased attention. Within two weeks of its launch, it entered the top 100 projects and had a market capitalization of over $400 million. This guide offers an in-depth look at the PEPE memecoin, examining its history, purpose, risks, and challenges. Memecoins such as PEPE, DOGE, SHIB, and FLOKI are designed to get viral through memes, as opposed to focusing on any utility. PEPE has no intrinsic value, and any claims of financial returns are false, according to its official website. Its total token supply is 420,690,000,000,000, with 93.1% sent to the liquidity pool, and the remaining 6.9% in a multi-sig wallet for future listings on centralized exchanges. The PEPE memecoin already boasts a growing ecosystem with over 65K holders and tens of thousands of messages per day on its official Telegram group. There are, however, risks associated with PEPE, including market volatility and security risks, such as scams and bad actors. Ultimately, only time will tell whether the PEPE memecoin’s popularity will last.
What is PEPE? Is This the Next Huge Memecoin?
