Detective Jane
31 August 2024 20: 02 Zhejiang Listen to the full text
What is PEPE? Discuss the future development of PEPE coins and learn about the latest price trends. We take you in-depth analysis to understand the investment value and future prospects of PEPE coins.

What is PEPE?
Pepe Coin ($PEPE) is a meme coin born in April 2023, issued on the Ethereum blockchain. Since its inception, it has quickly become one of the most actively traded cryptocurrencies. As of August 5, 2024, the market value of PEPE coins was $2.8 billion, and at its peak, it reached $7 billion.
The birth of the PEPE coin
PEPE coin is based on the famous foreign Pepe frog terrier (PEPE) and issued by the cryptocurrency, Pepe frog first appeared in the artist Matt Furie's comic "Boy's Club," and later accidentally became an Internet meme, the most common terrier is the sad frog in the picture below.
Source: Dot Esports
Pepe Frog Famous Terrier Picture: Sad Frog
In 2023, an anonymous developer launched the PEPE coin, initially to counter the well-known meme coin Doge ($DOGE), claiming to be able to break the "doggy world" of the cryptocurrency meme market. Subsequently, a large number of community users began to sell PEPE coins, and soon landed on the centralized exchange, and early buyers benefited a lot.
PEPE coin mechanism and characteristics
Total issued: approximatelyThe number comes from the International Day of Cannabis 4 / 20 and the Cannabis Culture slang Four-twenty.
Full Circulation:At present, about 420 trillion pieces of PEPE coins have been fully circulated in the market, recycling supply of 100%.
No pre-sale:Many cryptocurrency projects will conduct pre-sale activities such as financing or ICO (token crowdfunding) before issuance, but PEPE coins do not have pre-sale.
Free from transaction tax:Unlike other cryptocurrencies, PEPE coins have zero transaction tax, which means that there are no additional fees when trading (except for on-chain mobile renewal).
deflation：A small portion of PEPE will be burned after each transaction, creating scarcity and allowing the market to expect prices to rise in the long run.
Destruction of Liquidity Pool Tokens:Of the original supply of PEPE coins, 93.1% was sent to the liquidity pool, and later the liquidity pool tokens (LP Tokens) were destroyed.
Waiver of contract rights:The developer voluntarily gave up the smart contract permission of the PEPE coin in order to promise that it would not turn into a scam.
Summary of PEPE CoinCurrency namePEPE Coin ($PEPE)Currency typeMemecharacteristicCommunity Consensus, Transaction Tax Exemption, Destruction of LP TokensDate of issueApril 2023 eventsMarket valueApproximately $2.8 billionmarket priceUSD0.000006481Maximum supply420.69 trillionHistoric HighsUSD0.00001718
What is the difference between PEPE currency and PEPE currency 2.0?
PEPE Coin is a different currency from PEPE Coin 2.0, which bills itself as a competitor to PEPE Currency, but charges a 1% transaction tax on transactions, which the development team uses for marketing, liquidity, community development, and more.
However, as of August 5, 2024, the market value of PEPE 2.0 was $12.69 million, only 0.4% of the market value of PEPE coins.
What are the main factors that can affect the price of PEPE coins?
PEPE coin has been listed since April 2023, and the overall price trend has been upward. According to CoinMarketCap data, the PEPE currency's rise can be divided into three peaks:
May 1, 2023: $0.0000004353
3 / 11 / 2024: $0.00001074
5 / 27 / 2024: $0.00001718
From the data of CoinMarketCap, the ups and downs of PEPE coins are indeed quite drastic. In early July and late July 2024, there was a one-week decline of more than 30%; In February and May 2024, weekly gains of more than 300% and 74% were recorded.
Source: CoinMarketCap
Historical price movements of PEPE
Although the PEPE coin has been doing well for more than a year, due to its meme nature and high community sensitivity, the following factors may also affect the price volatility:
Cryptocurrency market performance:Bitcoin is currently the largest cryptocurrency in terms of market capitalization, just like the broader market in the crypto market. When the broader market underperforms, memes with lower market capitalization are also prone to follow the broader market.
Market Plate Rotation:In January to March 2024, when Bitcoin once hit a high above $70,000, the cryptocurrency market mainly hyped memes, artificial intelligence (AI), restaking, and real-world assets.RWA), and every once in a while, money will flow to one of these sectors.
Missed Out Panic (FOMO):It's a community.Panic disorder"Patients always feel that something very meaningful can happen in their absence. In the investment field, when FOMO occurs, it leads to the perception that "if you don't buy now, you will miss your wealth," which in turn leads to impulse investing. Meme coins, whose main advantage is community marketing, are very good at creating FOMO emotions.
Major Holders Sell:When individuals, market makers or institutions holding more PEPE coins sell large holdings, it may also cause prices to fall.
Are PEPE coins legal? Legal norms in different countries
PEPE is a relatively new and volatile cryptocurrency with different regulatory situations in some major countries and regions:
United States:Regulation of cryptocurrencies is primarily the responsibility of the Securities and Exchange Commission (SEC) and the Product Futures Trading Commission (CFTC). According to the SEC's pastLaw enforcement recordsPEPE is not currently recognized as a security, but investors still need to be aware of its potential regulatory risks.
In the European Union:Although the EUThe Crypto Asset Market Regulation MiCAIt does not say that PEPE coins are illegal, but because local exchanges must apply for a license to engage in crypto asset services, and for unregulated stablecoins such as TEDA ($USDT) and privacy coins ($USDT).Monero) are particularly stringent, investors still need to be aware of potential regulatory risks.
China:PEPE coins are illegal in China. The government prohibits people from investing in and mining cryptocurrencies. Cryptocurrency exchanges, miners and other related companies are not allowed to operate in Chinese Mainland.
Hong Kong:althoughSFC Hong KongIt did not point out that PEPE coins are illegal, but the currencies listed on the local compliant exchanges must be strictly vetted. Hong Kong's new crypto regulation has been on the road on June 1, 2023, is implementing a new licensing system for virtual asset service providers, and approved the listing of bitcoin spot ETFs in April 2024.
Taiwan:FSCIt has not said that PEPE coins are illegal, but in recent years it has required virtual asset service providers (VASPs) to complete a Money Laundering Prevention Compliance Statement and is expected to submit a special virtual asset law to the court for consideration in 2025. Whether there will be regulation of PEPE coins or specific cryptocurrencies at that time is worth the attention of investors.
What are the risks of investing in PEPE?
Investing in PEPE coins has the following risks:
High price volatility:As a meme coin, the price of PEPE coin is highly volatile, vulnerable to social media and fluctuates greatly due to news or mood swings, the FOMO or panic effect mentioned above.
Market liquidity risk:Since the popularity and transaction volume of PEPE coins are lower than that of Bitcoin and Ether, the market liquidity may be insufficient, resulting in slippage or inability to trade in large transactions.
Regulatory risk:As countries strengthen the regulation of cryptocurrencies, new regulations may appear in the future to restrict the use or trading of PEPE coins, which is a big risk for investors.
Security risks:The security of cryptocurrency wallets and exchanges is an important factor for investors to consider, and hacks, phishing sites and scams can all lead to asset losses.
Technical risk:PEPE coins are issued on the Ethereum blockchain and are closely related to Ethereum. If there are technical problems or forks in Ethereum, it may affect the stability of PEPE coins.
How to buy PEPE coins? Details of the process of buying PEPE coins
The process of buying PEPE coins is relatively simple, but still requires caution. Here are the basic steps to purchase PEPE coins:
Select the Exchange:First, choose a cryptocurrency exchange that supports the trading of PEPE coins, and confirm the legality and security of the exchange.
Opening an account:Registering an account on the exchange usually requires providing personal information for identity verification (KYC).
Deposit of funds:Once the authentication is completed, the funds can be deposited into the exchange account. In practice, investors often use US dollar stablecoins such as TEDA ($USDT) and $USDC to buy PEPE coins, or they can use legal tender to buy them.
Buy PEPE Coins:Find a trading pair of PEPE coins (such as PEPE / USDT) on the exchange, set the purchase price and quantity, and then place an order to buy.
Storage of PEPE coins:After the purchase, the PEPE coins can be saved on the exchange or transferred to a cryptocurrency wallet (self-managed wallet) that can be managed by itself to improve security.
Buy PEPE currency exchange recommended
Here are a few cryptocurrency exchanges that support PEPE currency trading:
PEPE Coin $PEPE Cryptocurrency Exchange Comparison Table
exchangeAdvantageshortcomingSpot transaction feesBinance (Safe)The largest trading volume, support a variety of legal currency deposit, low transaction fees, multi-functionalThe platform interface is more complex and requires KYC verification, because of its large scale, it is easier to face regulatory blows in various countries.Turnover 0.10%CoinbasePerfect security measures, easy to use interface, support a variety of fiat transactionsHigh transaction costs, no high-level functions, relatively few currencies supportedPurchase Fee + Standing charge tariff (based on Purchase Fee)OKXLarge trading volume, support a variety of legal currency deposit, provide spot, futures, sustainable contracts and other trading products, suitable for professional tradersPlatform interface and function is more complex, once faced with compliance problemsTrading volume 0.08% ~ 0.10%BitfinexLong history, established exchanges, offering a variety of trading productsHigh mobile phone maintenance, need KYC verification, security measures have faced challengesTrading volume 0.10% ~ 0.20%UniswapThe decentralized exchange (DEX) on the Ethereum blockchain allows users to trade PEPE coins on the blockchain after linking from a custodial wallet.The operation mode is more complex, and the transaction cost depends on the current on-chain transaction cost.According to the current chain processing fee calculationJupiterThe decentralized exchanges on the Solana blockchain have lower transaction fees compared to Uniswap and emphasize that they can provide better offers.The operation mode is more complex, but the transaction cost is lower than that of Uniswap.According to the current chain processing fee calculationDEX ScreenerA tool that aggregates the major decentralized exchanges, allowing investors to compare quotes and transaction fees and jump to their favorite exchange to complete the transaction.The operation is more complicated,Click hereYou can see the use of teaching.According to the current chain processing fee calculation
PEPE Coin Future Trends: Latest PEPE Coin News, Market Dynamics and Analysis
PEPE coin has quickly caught the attention of the market since its launch, and as a member of the meme coin, its price is volatile, but also has potential due to its unique cultural background and community support. With more and more investors and traders entering the market, the future trend of PEPE coin is of great concern.
From the above mentioned content, the future trend of PEPE coins may be affected by five factors:The continued influence of meme culture, market demand and investor sentiment, the threat of meme competitors, market regulation and policy changes, and long-term development issues due to lack of practicality.
The following are news and articles related to PEPE coins on the Crypto City website, which investors can use to keep up with relevant developments:
Peppa Frog Jedi Big Bounce! What is PEPE? The culture behind the frog meme once understood
Millions of magnesium on $PEPE! 88 addresses are profitable, what is the key to making money off memes?
Pepe frog PEPE versus dogecoin! From birth to peak, who is the "king of true meme coins"?
200 times a day! What is PEPE 2.0? Can we still get in?
PEPE FROG PEPE SWAT DOGE! How many more steps does it take for memes to become mainstream assets?
PEPE Coin FAQ
1. What is the PEPE currency?
PEPE coin is a cryptocurrency based on meme culture, with the theme of the well-known online meme "Pepe frog." PEPE coins are popular in the coin community, but their prices are extremely volatile.
2. How much is PEPE worth?
According to the market data of the well-known exchange Binance (Binance), as of August 19, 2024, a PEPE coin is worth $0.000008, equivalent to less than 1 yuan in Taiwan.
3. How is the PEPE coin different from other meme coins?
The PEPE coin is different from most memes in that it is created with a frog theme, while most of the memes in the coin circle are themed with dogs. The design of exemption from transaction tax, waiver of contract authority, and destruction of liquid pool tokens (LP Token) also makes it different.
4. Is PEPE a fraud?
PEPE coins are not fraud, but the price volatility is extremely high, and investors may face huge market risks. In addition, since the value of meme coins is susceptible to social media, mood swings are also a major risk.
5. Who is the founder of PEPE?
The founders of PEPE coins are anonymous and are not made public to the Volkswagen.
6. What are the future prospects for PEPE?
The future development of PEPE coin is uncertain, depending on factors such as the continued influence of meme culture, investor sentiment, competitors' movements, and market regulatory policies, and investors should carefully assess the risks involved.
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