What is PEPE, crypto’s latest hot memecoin?

The internet’s most famous frog, Pepe, is making waves in the crypto space since a memecoin created in its honor, PEPE, soared into the top 100 cryptocurrencies by market cap.

Just weeks after launch, the coin was rubbing shoulders with top tokens Dogecoin (DOGE) and Shiba Inu (SHIB) with a market cap well north of $400 million. But what is the PEPE project all about?

A brief history of Pepe the Frog

PEPE the coin spawned as a tribute to the Pepe the Frog character that first appeared in 2005. Pepe was the creation of American cartoonist Matt Furie for his comic ‘Boy’s Club’, and soon after grew in prominence across the dominant social networks of the time in meme form. Pepe has even been used as a symbol by online political movements.

About PEPE the coin

The PEPE coin only hit the market on April 15, 2023, despite Pepe’s almost two decades of popularity and the previous meteoric rise of selected memecoins. However, the coin has no association with the character’s creator Matt Furie. As the coin’s website states “this token is simply paying homage to a meme we all love and recognize.”

In the weeks after launch, the coin had surged by more than 2,000 percent to a market cap above $500 million before settling lower.

The tokenomics

PEPE is an ERC-20 token on the Ethereum blockchain with a circulating supply of 420.69 trillion. The coin follows a redistribution system to reward and incentivize long term holders, which is intended to bring some stability to the project.

On launch, 93.1% of the tokens in supply were sent to the liquidity pool, with the remaining 6.9% of coins held in a multi-signature wallet to be used for future centralized exchange listings, bridges, and liquidity pool. Meanwhile, the LP tokens were burnt, and the deployer contract was renounced.

The future of the PEPE project

PEPE’s creators have outlined an informal three-part roadmap for the coin’s future, but stress on the website that $PEPE is "a meme coin with no intrinsic value or expectation of financial return. There is no formal team or roadmap. the coin is completely useless and for entertainment purposes only.” Here's what the tentative roadmap looks like:

  • Phase one: Focus on the coin's launch, major listings, and getting PEPE trending on X.

  • Phase two: Secure community partnerships and launch a digital newsletter, form a token gated Discord group called PEPE’s Palace for holders, and aim for more than 10,000 holders across centralized exchanges.

  • Phase 3: Launch of a PEPE academy, tools, merchandise, and, if successful, reach more than 100,000 holders across tier one exchanges.

How can I buy PEPE?

Pepe’s creators have made clear that the coin holds no intrinsic value and is intended for entertainment purposes. Its early surge in price can be attributed to the enduring popularity of the Pepe the Frog meme, but as is typical of memecoins, high volatility should be expected.

Ansvarsfriskrivning
Detta innehåll tillhandahålls endast i informationssyfte och kan omfatta produkter som inte finns tillgängliga i din region. Syftet är inte att tillhandahålla (i) investeringsrådgivning eller en investeringsrekommendation; (ii) ett erbjudande eller en uppmaning att köpa, sälja eller inneha krypto/digitala tillgångar, eller (iii) finansiell, redovisningsmässig, juridisk eller skattemässig rådgivning. Innehav av krypto/digitala tillgångar, inklusive stabila kryptovalutor och NFT:er innebär en hög grad av risk och de kan fluktuera kraftigt. Du bör noga överväga om handel med eller innehav av krypto/digitala tillgångar är lämpligt för dig mot bakgrund av din ekonomiska situation. Vänligen konsultera din professionella rådgivare inom juridik/skatt/investeringar för frågor om dina specifika omständigheter. Information (inklusive marknadsdata och statistisk information, om sådan finns) i detta meddelande är endast avsedd som allmän information. En del innehåll kan genereras eller assisteras av verktyg med artificiell intelligens (AI). Även om all rimlig omsorg har lagts ned på att ta fram dessa data och grafer, accepteras inget ansvar för eventuella faktafel eller utelämnanden som uttrycks häri. OKX Web3-plånbok och dess tillhörande tjänster erbjuds inte av OKX Exchange och är föremål för OKX Web3-ekosystemets användarvillkor.

Relaterade artiklar

Visa mer
hard wallet
Security
Wallets
Self-custody

A complete guide to 2024's best hardware wallets

Have you ever considered the most secure method to store your cryptocurrency? A hardware wallet provides an essential safeguard solution for your cryptocurrency assets by keeping them offline. Unlike hot wallets, which can be susceptible to cyber-attacks, hardware wallets securely contain the private keys you need to gain access to your digital assets.
29 juli 2025
Nybörjare
30
NFTs generic
Blockchain
Ethereum
Protocols

All about Ethscriptions: the Ethereum protocol rivaling Bitcoin ordinals

Bitcoin ordinals took the Web3 world by storm following their introduction in January 2023. The adoption of ordinals has been massive, with millions of inscriptions being created in the few months since launch.
23 juli 2025
2
UPI and Web3 wallets India
Wallets

UPI and Web3 wallets: India's digital payment platform

Does India's adoption of the Unified Payments Interface (UPI) signify the start of a new digital payment revolution? The potential is there. Web3 decentralized protocols and technologies offer individuals more control over their data, identities, and transactions, which could be the next step in the evolution of the internet. With India's evolving digital payment infrastructure, the country is well-positioned to take advantage of the possibilities of decentralization.
23 juli 2025
1
OKX Bot Trading
Trading guide
Blockchain
Trading basics

A beginner’s guide to IPOs: how cryptocurrency firms can go public

An initial public offering (IPO) is the process of a private company offering its shares to the public for the first time, allowing anyone to buy a stake in the company. This usually occurs when a company is looking to raise capital to fund its growth and expansion plans. IPOs have become increasingly popular among cryptocurrency firms in recent years, as they seek to gain mainstream recognition and credibility. This beginner’s guide will explore the IPO process and provide insights into how cryptocurrency firms can go public.
15 juli 2025
Nybörjare
7
Friend.tech Learn banner
Ethereum

Decoding Friend.tech: a guide to the latest big thing in crypto SocialFi

In the 21st century, social media underwent a revolution. Platforms like Friendster, MySpace, and later Meta reshaped how we connected and shared online. As the years went by, the trend shifted towards mobile-centric platforms like Instagram, X, Snapchat, and TikTok, further expanding the boundaries of online interaction.
15 juli 2025
Nybörjare
trade-academy-beginner-4
Mining
Bitcoin
Blockchain

The 9 best ASIC miners for mining cryptocurrency in 2024

Cryptocurrency mining is an essential process that secures and verifies transactions within a blockchain network. Miners use computational power to solve complex mathematical problems, validate transa
15 juli 2025
5
Visa mer