Pepe (PEPE) is a meme coin that operates on the Ethereum blockchain, inspired by the popular internet meme, Pepe the Frog. It is an ERC-20 token designed to leverage the meme culture, aiming to become a significant player in the meme-based cryptocurrency sector.
Pepe functions as an ERC-20 token issued on the Ethereum blockchain. Transactions involving PEPE are processed through Ethereum’s network, which utilises a Proof-of-Stake (PoS) consensus mechanism. This structure allows the coin to benefit from Ethereum's security and scalability features, while encouraging staking and community participation.
Pepe has various potential use cases, including:
The concept of Pepe Coin first emerged with the creation of a digital currency inspired by Pepe the Frog meme in 2016. The current version of Pepe Coin (PEPE) was introduced in April 2023 on Ethereum as a deflationary meme coin. It quickly gained popularity, achieving a significant market presence with a strong community backing. It is notable for its dynamic evolution, especially with the involvement of its founder, Zachary Testa, and its place within the broader meme coin ecosystem.