Pepe Coin, or PEPE, has successfully established itself as one of the examples of memecoins. Built on the Ethereum protocol, PEPE brings the use of memes into reality, thanks to the influence of Pepe the Frog meme. The information sources of this article include understanding the market and performance of PEPE, the latest trends, and possible future evolution.
What Is the Pepe Coin (PEPE) Worldwide?
PEPE is a shitcoin created as a memecoin that is deflationary in nature to mimic internet meme culture. As a meme token inspired by the specific hupe phenomenon that began to spread in the early 2000s—the character PEPE—the creators of PEPE hope to achieve the same success as SHIB or DOGE. It sets itself apart by not imposing taxes, being centralized, being slick as a memecoin, and makes no utility promises.
Market Performance and “As it is” Position
Until August 14, 2024, PEPE is at $0. lowest price is 0.000008 USD and 24-hour volume in the market is 539,941,761 USD. The coin has had a bath of somewhat losing ground and is now at 0. Sources said the mark remained at a high of 91% recorded in the past 24 hours. It currently has a market capitalization of about $3. With a market capitalization of $43 billion, it is ranked 25th on CoinMarketCap.
Circulating Supply and Max Supply:
- Circulating Supply: 420,689,899,999,995 PEPE
- Max Supply: 420,690,000,000,000 PEPE
The nearly complete unlocking of PEPE tokens (100% unlocked) indicates that all tokens are now available for trading, potentially impacting market dynamics.
Recent News and Developments
- Memecoin Surge Predictions:
New articles have revealed rather large forecasts for new Solana-based memecoins, including the likes of Jesus Pepe (PEPEJES). Scholars believe that PEPEJES might increase by more than 15,000 percent before being listed on an exchange similar to SHIB and DOGE. This prediction can be explained in terms of other memecoins’ price tendency, which is rather volatile and tends to grow or fall based on rather low fundamentals such as hype and pumping. - Technical Analysis:
The technical analysis for the current period for PEPE shows a very important level of $ 0.. The memecoin market has adopted a positive mood in recent days; the total market capitalization of memecoins has increased by 10% and exceeds $42 billion. The Crypto Fear & Greed Index has also depicted a ‘neutral’ reading, which can mean that there is either stabilizing or changing the tide in the crypto market.
Pepe Tokenomics and Distribution
- Team Holdings: 6.9%
- Initial Liquidity: 93.1%
The distribution shows a significant portion allocated to initial liquidity, which supports trading activities and market stability. The absence of locked tokens and the 100% unlocked status could influence market liquidity and volatility.
Address Distribution and Whale Holdings
The distribution of PEPE across various address types reveals:
- Addresses with $0–$1k: 83.19%
- Addresses with $1k – $100k: 16.30%
- Addresses with $100k+: 0.51%
whale holdings:
- Whales: 47.63%
- Others: 52.37%
Comparative Analysis with Similar Coins
PEPE is often compared to other popular memecoins, such as Shiba Inu (SHIB) and Dogecoin (DOGE). While SHIB and DOGE have established themselves as major players in the memecoin space, PEPE’s performance and potential remain a subject of interest for investors. Recent trends have shown that new memecoins, like the Jesus Pepe (PEPEJES), are attempting to replicate the success of their predecessors.
Where to Buy Pepe Coin
- Binance
- BIKA
- Bybit
- BYDFi
- TruBit Pro Exchange
These platforms offer various trading pairs and liquidity options for PEPE, facilitating its acquisition and trading.
Future Outlook
PEPE’s future prospects are closely tied to broader memecoin market trends and its ability to maintain relevance amid emerging competitors. The memecoin market’s volatility and speculative nature make it a high-risk, high-reward investment. Investors should remain vigilant about market trends, technological developments, and potential regulatory impacts.
Conclusion
Pepe Coin (PEPE) continues to be a notable player in the memecoin arena, driven by its cultural significance and speculative appeal. While its recent performance shows resilience amidst market fluctuations, its future trajectory will depend on ongoing market conditions and investor sentiment.