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| Foto:Pepe coin meme |
VISTORBELITUNG.COM,Meme coin Pepe (PEPE), launched in April 2023, was inspired by the popular internet meme "Pepe the Frog" created by artist Matt Furie for his comic Boy's Club in 2005. The Pepe meme began to gain popularity on internet forums such as 4chan and Reddit.
The PEPE coin was created as an ERC-20 token on the Ethereum network with the aim of capitalizing on the meme's popularity and creating a unique frog-themed cryptocurrency. Its developers openly stated that the coin was created for entertainment and has no intrinsic value or expectation of financial gain.
Although there is no official affiliation with the creator of the "Pepe the Frog" meme, the use of the character helped increase the visibility and appeal of the PEPE coin among the crypto community. PEPE's initial success was largely driven by the power of the meme and effective promotion through social media, even briefly reaching a market capitalization of over $1 billion within three weeks of its launch.
Since its launch, the price of PEPE has been highly volatile and sensitive to market sentiment and social media trends. The coin relies on a strong online community and internet hype to maintain its value. Despite having no clear practical utility, PEPE has managed to build an enthusiastic community and record significant trading volume on various cryptocurrency exchanges.