ERC-20/strong>/a> token standard, <strong>PEPE is a deflationary <a href=https://www.bitdegree.org/"https:////www.bitdegree.org//crypto//learn//crypto-terms//what-is-memecoin/">memecoin/a> that was launched in mid-April 2023<\/strong> on the Ethereum blockchain. The Pepe token draws its inspiration from Matt Furie's well-known <strong>Pepe the Frog<\/strong> meme.<\/p>\n<p>The main goal of the PEPE crypto project is to surpass memecoins like <a href=https://www.bitdegree.org/"//cryptocurrency-prices//dogecoin-doge-price/">Dogecoin (DOGE)<\/strong><\/a> and <a href=https://www.bitdegree.org/"//cryptocurrency-prices//shiba-inu-shib-price/">Shiba Inu (SHIB)<\/strong><\/a>, and establish itself as one of the best memecoins available. Though, do keep in mind that <strong>PEPE is not the first memecoin inspired by the Pepe the Frog meme<\/strong>. However, it is one that boomed the crypto world right after it was launched.<\/p>\n<p><em>If you’re curious about the current PEPE price, check out the Pepe price chart above.<\/em><\/p>\n<h2>Use Cases of PEPE Tokens<\/h2>\n<p>Many memecoins have no actual use case. However, the PEPE coin has a <strong>unique redistribution system that will reward long-term PEPE stakers<\/strong>.<\/p>\n<p>Despite that, the Pepe crypto project website claims that it was <strong>created purely for entertainment purposes, not for financial return<\/strong>.<\/p>\n<p>It’s also worth noting that <strong>PEPE tokens have no taxes<\/strong>, which means that they don’t impose any transaction fees.<\/p>\n<h2>Who Founded Pepe?<\/h2>\n<p>There is <strong>no information available about the founders of PEPE coins<\/strong>, as they chose to remain anonymous. Despite that, they actively promote PEPE on various social media platforms. Besides, the creators of this project claim that <strong>there is no “formal” team or roadmap<\/strong>.<\/p>\n<h2>Tokenomics of PEPE<\/h2>\n<p>There is a <strong>total and max supply of 420,690,000,000,000 PEPE<\/strong> crypto assets. It’s important to note that PEPE was launched <strong>without a pre-sale<\/strong>. Besides, it employs a <strong>burning mechanism<\/strong>.<\/p>\n<p>As for the token distribution, <strong>93.1% were sent to a liquidity pool<\/strong> where <a href=https://www.bitdegree.org/"https:////www.bitdegree.org//crypto//learn//crypto-terms//what-are-liquidity-provider-tokens-lp-tokens/">LP tokens<\/strong><\/a> were burned in order to renounce the contract. <strong>The remaining supply is held in a <a href=https://www.bitdegree.org/"https:////www.bitdegree.org//crypto//learn//crypto-terms//what-is-multi-signature-multi-sig/">multi-signature/a> wallet<\/strong> for future uses (token listings, and so on). You can find this wallet by the ENS name “<em>pepecexwallet.eth<\/em>.”<\/p>\n<p>If you plan to invest in the PEPE token, make sure to check out the Pepe price chart above. It features both – the previous and the current PEPE price.<\/p>","url":"https:\/\/www.bitdegree.org\/cryptocurrency-prices\/pepe-price","crypto_currency_info":{"id":21321,"crypto_currency_id":21330,"description":"Pepe (PEPE) is a cryptocurrency and operates on the Ethereum platform. Pepe has a current supply of 420,690,000,000,000 with 0 in circulation. The last known price of Pepe is 0.00000167 USD and is up 91.47 over the last 24 hours. It is currently trading on 45 active market(s) with $323,270,443.75 traded over the last 24 hours. 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