PEPE coin is a meme coin built on Ethereum, inspired by the famous Internet meme character Pepe the Frog. The launch of this token aims to break the meme framework in the market, led by Dogecoin and Shiba Inu, and allow Peppa Frog to regain the central position of meme culture. According to data from CoinMarketCap, PEPE coin’s performance in the market has attracted widespread attention.
Features of PEPE Coin
Interesting meme culture: The core of PEPE coin lies in the meme culture behind it. Peppa Frog first appeared in the online comic "Boy’s Club". Over time, his image has been widely adapted and has become a meme character in various situations, often used to express various emotions and opinions.
Unique issuance model: The way PEPE coins are issued is different from other meme coins. There is no pre-sale for the token and there are no hefty transaction taxes, making it easier for users to participate. In addition, the PEPE team destroyed the liquidity pool (LP) tokens, gave up contract rights, and promised not to perform a rugpull.
Supply and Liquidity: The total supply of PEPE tokens is 420 trillion, of which 93.1% of the tokens have been injected into the Uniswap liquidity pool, and only 6.9% of the tokens are retained in the multi-signature wallet for future use. Exchange listings and liquidity pools. The wallet can be found through the ENS domain name "pepecexwallet.eth".
How to purchase PEPE coins
Currently, PEPE coins support multiple virtual currency exchanges, including the well-known Binance and OKX. Users can easily purchase PEPE coins by simply creating an account on these exchanges and depositing funds.
PEPE coin controversy: Smashing incident: According to a report by chain detective ZachXBT, PEPE’s multi-signature wallet transferred approximately US$15.6 million worth of PEPE tokens to an external address on August 25, and then these tokens were transferred to Exchanges like Binance and OKX. This behavior caused panic in the community, and the price of PEPE currency fell by more than 16%.
Team identity exposed: The behavior of the PEPE team caused dissatisfaction in the community. Pauly, the founder of Not Larva Labs, disclosed the identity of the founder of PEPE and revealed the background of Zachary Testa. He graduated from Arizona State University in 2018 and used proceeds from PEPE to purchase an $865,000 Lamborghini. The news sparked widespread discussion, with many users questioning the team's transparency.
The future of PEPE coin
The future of PEPE coin is full of uncertainty. Like most meme coins, PEPE coins have no real use, and investors tend to pay more attention to its story and current craze when buying. PEPE’s official website clearly states: “$PEPE is a meme currency with no intrinsic value or expected financial rewards and is intended for entertainment purposes only.”
Netizen comments: On forums such as PTT and Dcard, netizens generally believe that the risk of PEPE currency is very high. Many users suggest that participants should participate in small amounts and invest cautiously. Some netizens even said that investing in meme coins is like a gamble and one must be careful.
in conclusion
As an emerging meme currency, PEPE coin has undoubtedly attracted the attention of many investors. However, the controversy and uncertainty behind it also make many investors worried. It remains to be seen how the future of PEPE Coin will evolve as the market develops. For those investors wishing to participate in this market, it is important to understand its risks and potential rewards.