Pepe crypto (PEPE) is a deflationary meme coin that operates on the Ethereum blockchain. It was created as a tribute to the Pepe the Frog internet meme that became popular in the early 2000s.
Pepe the Frog started as a cartoon character in a comic called "Boy's Club" by Matt Furie in 2005. The image of this green frog spread across the internet and became one of the most recognized memes online.
In 2023, developers launched the Pepe cryptocurrency to capture the cultural significance of this meme in the digital asset space.
These are the key features of Pepe:
- Ethereum-based: PEPE runs on the Ethereum blockchain, making it compatible with Ethereum wallets and crypto exchange platforms.
- Deflationary: The token has a mechanism that reduces the total supply over time, potentially increasing scarcity.
- No Tax: PEPE transactions do not include fees that go to developers.
- Community-owned: The project claims to have no official team, making it a community-driven project.
- Meme Value: Like Dogecoin and Shiba Inu, much of PEPE's value comes from its cultural appeal and community support.
I can buy PEPE tokens on various cryptocurrency exchanges that list the token. The value of PEPE, like most meme coins, can be highly volatile.
Some investors hold PEPE tokens in wallets that support crypto staking to potentially earn passive income, though this depends on the specific platform.
