Pepe the Frog is a cartoon character that was created by artist Matt Furie for his comic book “Boy’s Club,” which was first published in 2005. The third phase is expected to establish a Pepe Academy and promote Pepe merchandise. The second phase is focusing on community partnerships and getting listed on Tier 1 centralized cryptocurrency exchanges (CEXes). The unofficial roadmap for Pepecoin has three phases: The first phase focused on launching the coin and promoting it through Twitter. Pepe Coin’s rapid rise to prominence is often attributed to several high-profile purchases that caught the attention of the cryptocurrency community on social media sites, especially Twitter. It is important to note, however, that investing in Pepe Coin comes with risks because currently, a small number of investment whales hold large amounts of the token, and their trading activities have already caused sudden price swings. Once the wallet is set up, the user can swap ETH for $PEPE. In order to purchase Pepe Coin, investors need to set up a MetaMask, Coinbase, or Uniswap wallet that can send and receive Ethereum and other ERC-20 tokens. Pepe Coin employs a deflationary mechanism that burns a small percentage of tokens with each transaction to create scarcity and potentially increase the value of the remaining tokens over time.Īdditionally, it uses a redistribution system in which a portion of every transaction gets distributed to existing token holders to encourage user engagement and long-term investments. 93.1% of them are in the liquidity pool and the remaining 6.9% are allocated to a multi-signature wallet for future use. $SPEPE has a maximum supply of 420,690,000,000 tokens. In reality, however, over a hundred thousand investors have purchased $PEPE and the memecoin has already been recognized by major exchanges, including Bybit, Gemini, and Binance. Ironically, the Pepe Coin official website says that Pepe Coin is intended for entertainment purposes only its tokens have no intrinsic value and there should be no expectation of financial return. Although the price of $PEPE has been extremely volatile since then, the number of individual holders continues to increase steadily. In contrast to the DOGE memecoin, which took almost four years for its market capitalization to surpass $1 billion, Pepe Coin reached the same benchmark within three weeks of its launch.
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