Pepe (PEPE) is a meme-inspired cryptocurrency launched in 2023, paying homage to the iconic Pepe the Frog internet meme. Operating as an ERC-20 token on the Ethereum blockchain, PEPE is a deflationary asset with a fixed supply of 420 trillion tokens. The project gained significant attention in 2023, briefly surpassing $11 billion in market capitalization and becoming one of the top meme coins by market cap. Its appeal lies in its community-driven nature and the viral popularity of its meme origins.
Despite its initial surge, PEPE has faced challenges, including a significant price decline and concerns over its long-term viability. Analysts have noted a descending triangle pattern in its price chart, suggesting potential further declines. While it remains a notable figure in the meme coin sector, investors should approach with caution, considering the speculative nature and volatility inherent in such assets.
