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-cha