PEPE, a meme coin that launched in mid-April 2023, stands out from other popular meme coins like Dogecoin and Shiba Inu. Meme coins are cryptocurrencies based on internet memes, celebrities, and world events, often promoted by influencers like Elon Musk. While some may question the seriousness of meme coins, investors have the potential to earn significant returns as seen with the soaring gains of these tokens. PEPE specifically gained attention for its unique approach to meme coins.
PEPE officially launched on April 17, 2023, with little fanfare. The token is based on the Pepe the Frog character, a popular internet meme created by Matt Furie in 2005. Despite the character’s association with various trends, including the alt-right movement, PEPE does not have an official connection with Furie or the original cartoon character. The circulating supply of PEPE tokens is 420 million, a nod to cannabis culture’s “4/20,” further solidifying its position as a meme coin.
The interest in PEPE surged in the first few days of its existence when a meme coin investor swapped 0.125 ETH for 5.9 trillion PEPE tokens, which later soared in value to about $1.8 million. This massive return attracted thousands of other investors looking to capitalize on the potential gains. As the broader meme coin market evolved in 2024, PEPE gained prominence as a valuable and sought-after token. The coin saw significant gains throughout the year, with a major breakout in November 2024 when it reached a new all-time high price.
PEPE’s rise to fame was further solidified when Robinhood listed the token, with Coinbase signaling plans to follow suit. The volatile nature of the meme coin market makes it a risky investment, but PEPE has emerged as one of the most valuable meme coins globally, rivaled only by older tokens like Dogecoin and Shiba Inu. As of the latest update in November 2024, PEPE continues to be a prominent player in the meme coin space, attracting investors looking to capitalize on its potential gains. Keep up with the latest news on PEPE and other meme coins to stay informed and make strategic investment decisions.
