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What is Pepe? PEPE Review & Beginner’s Guide

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What is Pepe? You’ve seen it plastered all over crypto Twitter, in Telegram groups, and across meme forums. It’s the meme that won’t die, and now it’s a coin too. Pepe has transcended internet culture to become one of the most talked-about meme coins in the market. In this Pepe review, we’ll strip away the hype and dive into what makes this digital token tick—from its meme origins to its potential as a speculative asset. Spoiler: there’s more to Pepe than just a few good laughs.

# NamePriceChanges 24H Market CapVolume 24HAvailable SupplyPrice Graph (7D)

Pepe Meme Coin Guide: Summary

pepe-pepe icon pepe-pepe icon Price Trading volume in 24h Last 7d price movement Buy Now!  isn’t just another random meme coin; it’s a coin powered by one of the most popular internet memes of all time. The PEPE token was launched with zero utility, but it didn’t take long for the meme coin crowd to adopt it. It’s pure, unapologetic speculation at its finest. No roadmap, no grand promises—just vibes and chaos.

PEPE runs on the Ethereum blockchain, which means it’s got the security and infrastructure of the most secure network in crypto. But don’t get it twisted: this coin is as volatile as it gets. One day, it’s mooning; the next day, it’s in freefall. If you’re in this game, you’re not here for slow and steady—you’re here to ride the wild swings and pray you cash out before it crashes.

That’s Pepe in a nutshell: a high-risk, high-reward meme coin with a strong community and a willingness to laugh at itself. It’s a gamble, and it wears that label proudly.

Pepe review
$PEPE Homepage. Image Source: Pepe Website

Key Highlights

  • PEPE launched in April 2023 and rapidly gained the popularity of meme coins, reaching a $1 billion market capitalization within three weeks.
  • The coin is based on the Pepe the Frog internet meme and operates on the Ethereum blockchain.
  • While PEPE has seen significant price surges, it’s crucial to note its lack of intrinsic value. Buyers should, therefore, have no expectation of a financial return.
  • PEPE’s future is uncertain, especially following security incidents involving an internal multi-signature wallet and a former team member.
  • Despite challenges, PEPE maintains an active community, though investors should be wary of scams and rely on verified information sources.

Understanding PEPE: The Basics

At its core, Pepe is a meme coin, plain and simple. It’s built on Ethereum, and its value is driven almost entirely by community hype, memes, and speculation. There’s no groundbreaking tech or revolutionary use case here—PEPE thrives on the power of the internet and the collective community spirit of its followers.

Think of it as digital folklore with a price tag. If you’re looking for the next Bitcoin (BTC) or the next 1000x token, Pepe may not be for you. But if you’re down to ride the waves of crypto’s wildest meme culture, PEPE might just be your ticket.

If you’re feeling really frisky, check out our list of the best memecoins to buy.

Pepe Website
About Pepe. Image Source: Pepe Website

What is PEPE?

Pepe started as a meme, born from the comic series Boys Club by Matt Furie. What began as a cartoon frog saying, “feels good, man,” quickly evolved into one of the most recognizable symbols in internet culture. But like all things on the internet, Pepe took on a life of its own—morphing, mutating, and becoming something Furie probably never imagined.

Fast forward to today, and Pepe has gone full crypto. Launched as a meme coin, it’s now part of a growing list of coins like Doge and Shiba Inu that live and die by community hype and social media buzz. No utility? No problem. PEPE doesn’t pretend to be something it’s not. It’s a coin that leans into the absurdity of the meme economy, embracing its origins while letting traders and memesters duke it out on the open market.

Is zero utility a bad thing for Pepe?

A lack of utility may be a concern for those looking for more weighty projects or long-term crypto investments with well-defined use cases. After all, it is typically a red flag when evaluating a crypto project if there is zero utility. But, with meme coins like Pepe, a lack of utility is a feature rather than a bug, and one could argue that being a “social token” is a use case in itself. It’s kind of the whole point to fly in the face of common sense and tap into the degen culture so prevalent in crypto communities.

However, this makes pure speculation Pepe’s only objective, so the risk profile is much higher. If you’re okay with this, then buy a bag—just don’t expect a return. If this doesn’t sound like your cup of tea, we recommend checking out our guide on The Top DeFi Coins in 2024. These coins are built to solve challenges in the DeFi sector and offer a more compelling buying opportunity than a meme coin like Pepe.

Whether you love it or hate it, there’s no denying that PEPE has cemented its place in the meme coin hall of fame.

Original Pepe the Frog - Pepe crypto guide
The original Pepe the Frog. Image Source: Wikipedia

Pepe Pros and Cons

Pepe might be a joke, but it’s not messing around when it comes to volatility and hype. Let’s break down the good, the bad, and the meme-worthy.

Pros:

  • Community Power: The PEPE community is strong and loud. It thrives on memes, social media, and a sense of belonging among meme coin enthusiasts.
  • Meme Culture: PEPE taps into one of the most iconic memes on the internet, giving it a unique edge in a crowded market. People love nostalgia, and Pepe is a meme heavyweight.
  • Speculation Potential: Like most meme coins, PEPE’s value can skyrocket overnight. If you time it right, you could ride one of the craziest pumps in crypto.

Cons:

  • No Utility: PEPE offers no real-world utility or technological innovation. It’s a meme coin, not a project with grand ambitions.
  • High Volatility: This isn’t your stable blue-chip investment. PEPE can swing wildly based on social media buzz, making it a risky bet for anyone looking for stability.
  • Hype-Dependent: Once the memes stop, so does the momentum. If the community partnerships or social media attention fades, PEPE’s value could drop just as fast as it rose.

Pepe isn’t here to change the world, but it’s here to make some noise. Whether that noise leads to moonshots or meltdowns depends entirely on how long the meme machine keeps running.

Pepe’s Whitepaper

Now, let’s talk about Pepe’s so-called whitepaper. If you’re expecting a deep dive into revolutionary blockchain tech, you’re looking in the wrong place. Pepe’s website doesn’t have a section for a whitepaper, instead, it lets its website do the heavy lifting. The website’s text reads more like a tongue-in-cheek manifesto than a traditional crypto project document.

The project’s objectives are clear: PEPE was created for fun, with no serious roadmap, no utility, and no promises of grandeur. It thrives purely on meme culture, and that’s exactly how the creators intended it. The chain information? It’s built on Ethereum, so it benefits from all the security and infrastructure that comes with one of the most well-established blockchains.

The most memeable memecoin in existence. The dogs have had their day, it’s time for Pepe to take reign.” – Pepe Website

However, don’t mistake its simplicity for weakness. The whitepaper emphasizes the importance of community and meme power – a currency of its own in the world of crypto meme coins. In the end, its whitepaper doesn’t need to wow you with tech talk. It’s a meme-driven manifesto that plays to its strengths: fun, chaos, and the potential to profit if you’re willing to ride the wave.

Pepe Roadmap
Pepe “Roadmap”. Image Source: Pepe Website

Pepe Tokenomics

If you’re going to speculate on a meme coin, it pays to know the numbers. PEPE might not offer groundbreaking tech, but it has a solid tokenomic structure designed to fuel both hype and scarcity.

Here’s a quick breakdown:

Metric

Details

Circulating Supply

391.79 trillion PEPE

Maximum Supply

420.69 trillion PEPE (because why not?)

Redistribution System

PEPE says it operates with zero “tax,” which refers to it having zero fees for buying or selling. This is an effort to put the community first and encourage new buyers.

Deflationary Mechanisms

Token burns reduce supply over time, increasing scarcity and, in theory, boosting value.

The circulating supply is what’s actively being traded, and the maximum supply caps the total number of PEPE that can ever exist. As for the redistribution system, it keeps it simple—no hidden fees, no tax policy. It’s just raw memecoin trading with community-driven price movement.

The deflationary mechanics, however, are where things get interesting. By periodically burning tokens, it decreases the overall supply, creating a scarcity effect that could potentially help with price appreciation over the long term. Even though Pepe’s proposed tokenomics talk a big game about deflationary mechanics, so far we haven’t seen any major token burns. The idea’s on the table, but for now, it’s more of a ‘we’ll burn when we feel like it’ situation. Keep an eye on this, though—if the burns start happening, it could spice things up.

In meme terms: fewer tokens, more demand, bigger moonshots (maybe).

What is Pepe? Pepe Tokenomics
$PEPE Tokenomics. Image Source: PEPE Website

PEPE’s Price History

Pepe is down from its all-time-high of $0.000017, set in 2024, but has increased +1369.17% over the past 12 months. It has a market cap of $4.12B.

  • pepe
  • Pepe
    (PEPE)
  • Price
    $0.00000972
  • Market Cap
    $4.09 B

Beginner’s Guide to PEPE

For those looking to dive into the PEPE ecosystem, it’s important to get the basics right. You don’t want to be fumbling around trying to figure out where to buy or store your tokens. So here’s your no-nonsense, step-by-step guide to getting started with PEPE.

What You Need Before Starting

Before you even think about buying PEPE, you need to get your tools in order. First off, you’ll need a wallet that supports Ethereum-based tokens (since PEPE is an ERC-20 token). Make sure your wallet is secure because memes might be fun, but losing your coins is certainly not.

Step 1: Setting up a PEPE Wallet

To store your PEPE tokens, you need a reliable Ethereum wallet. There are plenty of options, but here are a few trusted ones to get you started:

  • Best Wallet – The overall best Ethereum wallet for self-custody of tokens, offers cross-chain interoperability
  • Exodus – Multi-device wallet solutions for desktops, smartphones, and web browsers
  • Zengo – Decentralized mobile wallet offering the perfect balance between security and functionality
  • ELLIPAL Titan 2.0 – Top Ethereum wallet for safety, offers cold storage with air-gapped security
  • Ledger Nano X – Established cold wallet with institutional-grade security supporting 5,000+ coins
  • Trezor Safe 3 – Trusted hardware wallet with multi-chain support retailing for just $79
  • NGrave Zero – Highly secure, fully offline hardware wallet with biometric access and recovery options
  • Binance Wallet – Versatile exchange wallet with access to a wide range of networks and decentralized applications
  • OKX Wallet – Comprehensive wallet offering built-in DEX, DeFi access, and advanced security features
  • ByBit Wallet – Features both custodial and non-custodial wallet options, leveraging MPC technology for security
  • MetaMask – Great option for storing Ethereum on a browser extension, used by over 100 million people
  • Trust Wallet – Top-rated wallet for diversified portfolios with over 100 network standards supported
  • MyEtherWallet – Specialist Ethereum wallet app with staking APYs of 3.6% and no minimum requirements
Best Wallet
Type:
Hot Wallet + DEX
Exodus
Type:
Web wallet
Zengo
Type:
Mobile wallet & Exchange
Ellipal
Type:
Hardware Wallet
Trezor
Type:
Hardware wallet
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Once your wallet is set up, make sure it’s secure—enable two-factor authentication if applicable, enable passwords and pin protection, back up your seed phrase, and store it in a safe place. You don’t want your meme coin stash vanishing overnight.

Pro Tip: Check out our full guide on trusted Ethereum wallets to give you a full overview of the best crypto wallets on the market.

Step 2: Buy PEPE

Now comes the fun part—getting your hands on some PEPE. So, if you’re using a centralized exchange (CEX) or going full degen with a decentralized exchange (DEX), the process isn’t rocket science. Let’s break it down.

Centralized Exchanges (CEX)

If you like things easy, CEXs are your playground. The fastest way to buy PEPE on these platforms is with stablecoins like USDT or straight-up fiat. Forget about messing with ETH unless you’re feeling fancy—just pull out your debit card, buy some USDT or PEPE directly, and you’re off to the races.

Here are some top cryptocurrency exchanges where you can snag PEPE:

Margex
Margex crypto app
Overall rating:
MEXC
MEXC review
Overall rating:
OKX
OKX logo
Overall rating:
Exodus
Overall rating:
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On these crypto exchanges, you can buy it with USDT or even use USD, EUR, or your local fiat currency through debit card or bank transfers. There is no need to dive into ETH unless you’re already holding it. If you are, feel free to swap it for PEPE, but otherwise, stablecoins and fiat keep it simple.

Decentralized Exchanges (DEX)

If you’re the type who doesn’t trust middlemen, DEXs are where you can make your move. Here, it’s all about peer-to-peer trading, and you’ve got two main options: swap with stablecoins like USDT or USDC or use ETH for direct trades.

A platform such as Uniswap is an example of a DEX. Use it to connect your wallet, throw in some USDT or ETH, and swap it for PEPE. It’s as simple as it gets.

Of course, this being Ethereum, you’ll need a little ETH in your wallet to cover gas fees. Even if you’re swapping stablecoins, ETH is the key to making the transaction happen. Don’t be that person who has PEPE ready to swap but no gas to make the trade ( a mistake most crypto traders make at one point or another).

At the end of the day, if you’re rolling with CEXs for convenience or navigating the wild west of DEXs, it’s all about how you want to play it. Stablecoins, ETH, fiat—it’s your call.

Uniswap USDT/PEPE Pool for buying Pepe
Uniswap USDT/PEPE Pool. Image Source: Uniswap

The PEPE Community

No meme coin survives without a strong community, and PEPE’s crew is as loud and relentless as they come. The PEPE community thrives on platforms like Twitter, Telegram, and Reddit, where memes, speculation, and FOMO run wild. It’s not just a handful of diehards either—PEPE has over 280,000 token holders and counting. These are people who live and breathe the meme economy, working tirelessly to pump the coin’s profile and price one meme at a time.

In comparison to heavyweights like Shiba Inu or Doge, PEPE may be the new kid on the block, but it’s quickly catching up. The token has amassed over 650,000 followers on Twitter, and its Telegram group hosts around 30,000+ members. While it’s still relatively early in its lifespan, PEPE is positioning itself as a contender in the meme coin wars, riding on the legacy of the iconic internet frog. Shiba and Doge may have the dog memes locked down, but PEPE taps into years of meme culture in a way no other coin can replicate.

The community regularly engages in meme contests, trading challenges, and the kind of wild speculation that keeps the price volatile and exciting. They’re not here for a slow crawl to success; they want moonshots or nothing. On-chain data shows trading volumes hitting over $100 million on peak days, thanks to the relentless shilling and constant buzz around the token.

But here’s the kicker: the community might be PEPE’s greatest strength, but it’s also its greatest risk. If the memes dry up, if the energy dies down, the token could find itself in a free fall. Meme coins are powered by attention, and the PEPE community knows this better than anyone. They’ll keep pushing because without them, PEPE’s value is just another speculative gamble.

pepe price
Top Meme Coins by Market Cap. Image Source: CoinGecko

Expert Predictions for PEPE Price

Predicting PEPE’s future price is no easy task. On the one hand, the coin’s strong community and meme-driven momentum could lead to short-term price spikes, especially if the social media buzz continues. On the other hand, without any real utility or underlying fundamentals, long-term growth is much harder to forecast. Some believe it could see significant gains if the meme coin market remains hot, while others caution that its reliance on hype makes it a highly speculative and volatile asset. Check out what our very own Jacob has to say about the potential price for Pepe:

 

Future Prospects for PEPE

PEPE is the wild card of the crypto world, and price predictions for this meme coin are all over the place. Some analysts see explosive potential, while others aren’t convinced it’ll survive the next meme cycle. Let’s break it down based on the numbers and expert opinions.

Short-Term Predictions: 2024

According to CryptoNews, the price of PEPE could see short-term gains fueled by community hype and the continued rise of meme coin mania. They predict that PEPE might hit $0.000002 by the end of 2024. But that’s only if the community keeps the meme train rolling at full speed. If it gets more attention, this could lead to sharp increases in value, but don’t expect smooth sailing. It’s volatility will likely remain high, making those gains just as quick to disappear.

Medium-Term Predictions: 2025

By 2025, Techopedia sees PEPE’s future as a coin toss. Some predict a highest price of $0.000005, driven by speculative trading and, of course, memes. However, this assumes the broader crypto market cooperates and that PEPE continues to benefit from social media buzz. But even the bulls admit that PEPE could easily become a relic of a meme coin trend if interest fades or if other coins steal the spotlight.

Long-Term Predictions: 2030

For the real moonshot believers, Techopedia points to a best-case scenario where PEPE could hit $0.00001 by 2030. This assumes massive adoption and sustained community engagement. That’s not just speculation, that’s a straight-up gamble. The long-term success of PEPE will depend on whether it can maintain its relevance and find new ways to keep traders engaged. And with meme coins, the line between glory and irrelevance is razor-thin.

On the flip side, there’s no shortage of bearish takes. Some analysts argue that its lack of utility and over-reliance on hype make it a bubble waiting to burst. If the community loses steam, PEPE could easily drop back to $0.0000001 or lower. The truth is, long-term price predictions for meme coins are shaky at best, and with PEPE, you’re either betting on the memes or preparing for a crash.

Read more: Pepe Price Prediction Guide

Is PEPE a Buy?

Is PEPE a buy? Well, that depends on how you like your risk served. If you’re here for fundamentals and long-term stability, this is probably not your game. But if you’re looking for a wild ride fueled by internet memes, social media hype, and a community that’s relentless in pushing its agenda, then PEPE could be worth a punt.

Here’s the deal: PEPE is a pure speculative play. It doesn’t pretend to have real-world utility or groundbreaking technology behind it. Instead, its entire value is propped up by community engagement, meme culture, and the same chaos that brought coins like Dogecoin and Shiba Inu into the spotlight. If that’s enough for you, then jump in. But don’t come crying when the hype dies down and the price tanks. This is a high-risk, high-reward bet, plain and simple.

The Case For Buying PEPE

  • Meme Power: PEPE taps into one of the most iconic internet memes of all time, giving it built-in appeal. If the community keeps pushing, it could hit Dogecoin-level status.
  • Strong Community: The PEPE army is growing fast, with over 280,000 holders and massive social media presence. That kind of engagement can pump prices fast when FOMO kicks in.
  • Potential for Explosive Gains: Like any meme coin, PEPE can deliver outsized returns if you time the market right. We’ve seen it happen with Doge and Shiba—PEPE could be next.

The Case Against Buying PEPE

  • No Utility: Let’s be real—PEPE doesn’t do anything. There’s no ecosystem or groundbreaking tech here, just vibes. Long-term value is questionable at best.
  • Extreme Volatility: PEPE is a rollercoaster. One tweet or Reddit post can send the price soaring—or crashing. If you’re not prepared for wild swings, this isn’t the coin for you.
  • Hype-Dependent: The moment the memes stop or the community loses interest, its value could drop like a rock. If you’re in this for the long haul, it’s a risky proposition.

So, is PEPE a buy? If you’re here to ride the meme wave and can stomach the volatility, it might be worth a small allocation in your portfolio. But if you’re looking for something with solid fundamentals and long-term growth potential, you’re better off elsewhere.

Conclusion

PEPE is not your typical cryptocurrency, and that’s exactly the point. It’s a coin born out of internet culture, driven by memes, and powered by an ever-growing community of enthusiasts who thrive on chaos. It doesn’t promise technological breakthroughs or life-changing utility; it promises a wild ride, full of volatility, speculation, and the potential for massive gains—or equally massive losses.

The real question isn’t whether PEPE is the next big thing in crypto—it’s whether you’re ready to embrace the absurdity of the meme economy. If you’re looking for a solid, long-term investment, you won’t find it here. But if you’re willing to take a gamble, enjoy the ride, and maybe even laugh along the way, PEPE could be your ticket into the wackiest corner of the crypto world.

In the end, its future depends entirely on its community’s ability to keep the meme alive. As long as the hype keeps flowing, so will the coin’s potential. But make no mistake: when it comes to meme coins, you’re not just investing in a token—you’re investing in a cultural movement. Just be sure to strap in, because this is one rollercoaster that isn’t slowing down anytime soon.

See also:

FAQs

How Can I Start Investing in PEPE?

What Are the Risks and Rewards of Investing in PEPE?

What is Pepe Short For?

Can Pepe Reach $1?

Who is Behind Pepe?

What Can Pepe Do?

How High Can Pepe Go?

Will Pepe Reach $1 in 2025?

Will Pepe Burn Coins?

References:

Pepe. www.pepe.vip/

Etherscan: Pepe Token (PEPE). Etherscan, etherscan.io/token/0x6982508145454Ce325dDbE47a25d4ec3d2311933

MetaMask: A Crypto Wallet & Gateway to Blockchain Apps. MetaMask, metamask.io/

CoinGecko: Pepe Overview. CoinGecko, www.coingecko.com/en/coins/pepe

“Understanding Token Standards in Cryptocurrency: ERC-20 and ERC-721.” Nervos, Nervos Network, www.nervos.org/knowledgebase/understanding_Token_standards_erc20_(explainCKBot).

Dario is a blockchain enthusiast with a journey that started in 2016. Initially diving into dual mining ETH and Sia coin, he has since worked with top exchanges, market makers, and institutional clients, gaining invaluable insights into the blockchain ecosystem. His roles have spanned marketing, client management, project integration, and compliance, giving him a well-rounded perspective on the crypto landscape. Dario’s diverse experience enables him to see the bigger picture and understand the intricate layers of blockchain technology. His passion lies in helping others navigate the complex waters of crypto, making it more accessible and rewarding.

View all Posts by Dario

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