#pepe $PEPE Pepe (PEPE): The King of Frogs
Pepe (PEPE) is a deflationary meme coin launched on the Ethereum blockchain. Created as a tribute to the "Pepe the Frog" internet meme (originally created by Matt Furie), the project aims to capitalize on the popularity of meme culture, explicitly positioning itself as a competitor to dog-themed coins like Dogecoin (DOGE) and Shiba Inu (SHIB).
Note: officially, the coin has no association with Matt Furie or his creation. It is simply a paying homage to a meme we all recognize and love.
1. Core Philosophy: "Make Memecoins Great Again"
Unlike many modern cryptocurrencies that try to promise complex utility, AI integration, or decentralized finance (DeFi) ecosystems, PEPE launched with a refreshingly honest approach.
No Utility: It openly states it has no intrinsic value or financial return expectation.
Pure Meme: The value is derived entirely from community engagement and the cultural significance of the frog meme.
No Tax: It launched with a specific "no tax" policy, meaning there are no extra fees on transactions (buy/sell), appealing to traders.
2. Tokenomics Breakdown
Circulating Supply: Approximately 420,690,000,000,000 (420.69 Trillion). The number is a nod to meme culture numbers (420 and 69).
Liquidity Pool: A significant portion of the supply was sent to the liquidity pool and "burnt" (permanently locked) at launch to ensure trading stability.
Redistribution: The system rewards long-term stakers and burns a small percentage of tokens with every transaction, theoretically making the coin scarcer over time.
3. Market Impact
Upon its launch in April 2023, PEPE experienced an explosive surge, turning early investors into millionaires virtually overnight and reaching a market cap of over $1 billion in roughly three weeks. This event sparked "Memecoin Season," leading to a massive wave of new frog-themed and derivative tokens.
