So, let's come closer and look at the fascinating journey of Pepe Coin on our coingabbar blog. This blog provides an in-depth exploration of Pepe Coin's journey, covering its growth, market listings, notable events, and the impact of influential figures like Elon Musk.
Pepe Coin is a memecoin that stands out by embracing a no-frills approach. It was launched without a presale, taxes, or a formal roadmap. The coin doesn't come with any financial expectations or intrinsic value, and its goal is to revive the fun in memecoins. Unlike other tokens, Pepe Coin doesn't involve airdrops or staking, emphasizing a community-focused environment. The focus is on simplicity and making memecoins great again.
Pepe Coin, an ERC-20 token inspired by the famous Pepe the Frog meme created by Matt Furie, sets itself apart by embracing the fun spirit of meme coins and taking on the Inu coin dominance. It was quietly launched without any presale, or taxes, and comes with cool features like LP burning and contract renouncement. Pepe Coin aims to be a people's coin, driven by pure meme power.
Pepe Coin has a total supply of 420,690,000,000,000 tokens. To enhance liquidity on Uniswap, 93.1% of these tokens were allocated to an ETH-PEPE liquidity pool. The project took measures to ensure transparency and security by burning LP tokens and renouncing the contract. The remaining 6.9% of tokens are set aside for potential future centralized exchange listings, bridges, and liquidity pools.
PEPE's journey since its launch has been truly impressive. In just five days, the token soared past a $100 million market cap, showcasing the rapid and strong support from investors. Remarkably, on April 19, 2023, trading on the Uniswap V2 platform alone hit over $90 million for PEPE, emphasizing the widespread popularity and high trading activity surrounding the token.
As PEPE gained popularity, the Ethereum network saw a surge in transactions, causing gas prices to soar on April 19, 2023. This highlights the widespread interest in PEPE and other meme tokens, highlighting their impact on the blockchain world. The success of PEPE also led the way for the introduction of other meme-inspired tokens such as chad, wojak, and babypepe, adding more variety to the meme token ecosystem.
On June 22nd, 2023, the PEPE project hit a big milestone by surpassing 125,000 on-chain PEPE holders. This achievement was followed by a substantial 60% increase in PEPE's price, highlighting the growing community support and sustained market interest. The distribution of holders is interesting, with 124,676 on Ethereum, 5,700 on Binance Smart Chain (BSC), and 997 on Arbitrum. This widespread distribution shows a diverse investor base, making the PEPE community strong and friendly.
Pepe Coin's rise to fame was boosted by strategic listings on top exchanges. Following OKX's announcement on May 1, 2023, the market cap surged to $400 million. Binance's endorsement on May 5, 2023, through its Innovation Zone catapulted Pepe Coin to a $1 billion market cap. Additional listings on Kucoin and Gemini, along with a continuous contract on Gemini Derivatives, strengthened its position in the market.
On May 10, 2023, something important happened, when Coinbase labeled the Pepe the Frog meme as a "hate symbol." This decision triggered a considerable backlash, sparking the community to unite under the hashtag #deletecoinbase. The day after, Coinbase's Chief Legal Officer apologized, admitting they made a mistake and highlighting the importance of understanding the meme's history thoroughly.
Elon Musk's influence on the cryptocurrency space is clear, and his recent interest in Pepe Coin has brought a fresh wave of excitement. Buzz about Musk's connection to Pepe Coin heightened following rumors of his purchase. A tweet from Musk featuring Pepe the Frog garnered an impressive 37 million views, sparking interest in the crypto community.
Elon Musk's connection with Pepe Coin is causing a lot of excitement in the crypto community with Elon Musk Pepe Coin. Musk's tweets have a history of affecting market sentiments, and his recent post featuring Pepe the Frog has sparked curiosity about the cryptocurrency.
Traders and investors are keeping a close eye on Musk's statements and actions, trying to predict how they might impact Pepe Coin's market. With Musk's significant influence and the meme-driven nature of Pepe Coin, the coin's future in the cryptocurrency world is becoming more unpredictable and interesting.
Pepe Coin has experienced a rollercoaster ride in its price, hitting an all-time high of $0.000004307 on May 5, 2023. Despite a recent drop, Pepe Coin has shown better trading volume performance compared to Dogecoin and Shiba Inu. The current price is $0.000001215, reflecting a 71.96% decrease from its peak. Currently, Pepe Coin holds the 127th spot in the cryptocurrency rankings with a market cap of $509,875,869.
Looking ahead, predicting Pepe Coin's future involves considering its decreasing token supply, absence of buying tax, and the potential influence of Elon Musk. The total potential value stands at $509,875,869, and with a recent price increase of 2.20% in the last 7 days, Pepe Coin is displaying durability amidst market fluctuations.
If you want to buy Pepe Coin follow these simple steps to gain Pepe Coin, here's a step-by-step guide
Choose a Suitable Exchange - Select a cryptocurrency exchange that supports Pepe Coin. Options include Binance, OKX, Huobi Global, KuCoin, etc.
Create a New Account - Sign up for an account on your chosen exchange. Ensure you follow the necessary security measures, such as two-factor authentication.
Purchase USDT - Acquire stablecoin Tether (USDT) on the exchange, as it will be used to swap for Pepe Coin.
Search for Pepe Coin - Using the exchange's platform, search for Pepe Coin in the available trading pairs.
Buy Pepe Coin - Select USDT as the trading pair, input the desired amount, and confirm the transaction. Await the completion of the transaction, and you'll now have Pepe Coin in your wallet.
Pepe Coin, known for being a meme cryptocurrency without any real value, has surprisingly become a hot topic in the crypto community. People are wondering if it's a smart investment, and there are a few factors that make it interesting.
1. Lower Price and Potential for Growth
Trading at $0.000001215, Pepe Coin presents an opportunity for investors to enter at a relatively low price. With a history of rapid growth, another surge could be on the horizon.
2. Deflationary Token and No Buying Tax
Pepe Coin's tokenomics, which include a deflationary mechanism and no buying taxes, could boost its long-term value.
3. Availability on Multiple Exchanges
Being listed on major exchanges increases liquidity and accessibility, attracting a wider range of investors.
4. Elon Musk's Influence
Elon Musk's involvement could positively boost the coin's path, but it's still a bit speculative.
5. Market Stability
Pepe Coin has stayed strong even when the market was up and down, doing better than some well-known meme coins.
Meme coins, like Pepe Coin, are gaining popularity thanks to community engagement and viral trends, driven by the desire for the next big sensation. Whether Pepe Coin continues to rise with the viral power of Pepe the Frog or faces challenges is uncertain. Investors are proceeding carefully in the ever-changing cryptocurrency world, eagerly awaiting the next chapter in the fascinating tale of Pepe Coin.
Also read - Explore Crypto's Fun Side with the Top Interesting Memecoins
