What is Pepe Coin (PEPE)?

Pepe Coin (PEPE) is a meme-based cryptocurrency inspired by the Pepe the Frog meme. Launched without presales or transaction taxes, it focuses on community-driven growth. To build trust, its initial liquidity pool was burnt, ensuring fair access and transparency.

The token gained rapid popularity through platforms like X (@pepecoineth) and Telegram, driving its market cap from $20 million to $9.5 billion between 2023 and 2024, a staggering 47,400% surge.

Positioned as the "Ethereum" of meme coins, PEPE has become a high-beta play tied to ETH's performance, much like Dogwifhat (WIF) for Solana.

Pepe Coin Tokenomics

Pepe Coin’s tokenomics are built to enhance liquidity, reward holders, and support sustainable growth:

• Total Supply: 420.69 trillion tokens.
• Liquidity Pool: 93.1% of the supply is locked for market stability.
• Reserved Tokens: 6.9% held in a multi-signature wallet for exchange listings, bridges, and liquidity needs.
• Deflationary Mechanism: Tokens are burned with each transaction, reducing supply over time.
• Redistribution: Transaction fees are partially distributed to holders, encouraging long-term investment.

This structure balances liquidity, scarcity, and incentives to create a resilient ecosystem for the meme coin market.

Pepe Coin Derivatives on Other Chains

Investors exploring Pepe Coin derivatives across various blockchains have several options:

• Based Pepe (Base Layer 2): Based Pepe is a derivative that was launched on Base, the Coinbase layer 2, which is currently worth $55 million.
• Purple Pepe (Solana): This token brings the Pepe meme to the Solana blockchain, giving Solana meme coin degens a way to get exposure to this theme.
• PepeFork (Ethereum Mainnet): An Ethereum-based token where transfers incur a tax, with funds directed to Matt Furie, the original creator of the Pepe meme.

These derivatives have lower market caps and limited liquidity, making them high-risk investments. None of these tokens are officially linked to the original Pepe Coin.

Who Created Pepe Coin?

The identity of Pepe Coin’s creator is unknown, which is common in the meme coin space. 

The smart contract responsible for its launch, visible on Etherscan (address: 0x2afae7...), handled its creation and initial liquidity at block height 17046105.

Pepe Coin operates independently of Matt Furie, the creator of the Pepe the Frog meme, emphasizing its decentralized and community-driven nature.

How to Buy Pepe Coin

Pepe Coin (PEPE) can be purchased through regulated exchanges that support meme tokens. Bybit, a platform available in over 160 countries, provides access to Pepe Coin and a wide range of other cryptocurrencies. Follow these steps to buy Pepe Coin:

1. Sign Up for Bybit: Visit Bybit, create an account, and complete the verification process.
2. Deposit Funds: Go to the 'Assets' section on Bybit and select your preferred deposit method to fund your account with USD, EUR, or other supported currencies.
3. Search for Pepe Coin: Once your deposit is confirmed, search for Pepe Coin (PEPE) on the platform.
4. Buy Pepe Coin: Enter the amount of PEPE you want to purchase, review the transaction details, and complete your purchase.

Bottom Line

Pepe Coin has solidified its position as the king of frog-themed meme coins, with a market cap of $8.73 billion that sets it far apart from rivals like Brett and Turbo.

Its massive following and explosive growth have made it the flagship for Pepe-inspired tokens, representing the peak of cultural and financial impact in the meme coin market.