What is Pepe Coin?
What Is Pepe (PEPE)?
Pepe is an ERC-20 token issued on the Ethereum blockchain, positioned as a "meme coin." Its defining features stem from internet culture narratives and community-driven proliferation, rather than traditional utility applications. The primary use cases center around trading and community interaction, with technical operations relying on Ethereum’s smart contracts and network security.
For beginners: Meme coins are tokens heavily influenced by internet culture and community sentiment, making their prices more susceptible to emotional swings. ERC-20 is Ethereum’s standard for fungible tokens, ensuring seamless integration with wallets and exchanges.
What Are Pepe’s (PEPE) Current Price, Market Cap, and Circulating Supply?
Pepe’s price and market capitalization have experienced significant volatility over the past year, largely impacted by overall crypto market trends and community hype. Market cap is calculated as price times circulating supply, which represents the number of tokens freely available for trading.
As of October 2024, public sources (CoinMarketCap, October 2024) indicate PEPE’s supply is in the “hundreds of trillions,” categorizing it as a high-supply meme token. Since this data is more than six months old, always refer to Gate’s live market page for accurate pricing and market cap, supplemented by real-time charts and order book depth.
Trend insights: During periods of heightened sentiment, trading volume and market cap tend to surge rapidly; during pullbacks, both price and activity can decrease sharply. Beginners should note meme coins’ high volatility and set appropriate position sizes and alert thresholds.
Who Created Pepe (PEPE) and When?
Pepe was launched on Ethereum in 2023 by an anonymous or semi-anonymous team, with its narrative rooted in the “Pepe the Frog” internet meme. According to public records (community announcements and major data sources, October 2024), it was initially designed with an enormous total supply to facilitate broad community distribution and liquidity. Since meme coin projects often have simplified team information and governance structures, newcomers should monitor future announcements and contract audit status.
How Does Pepe (PEPE) Work?
Pepe adheres to the ERC-20 standard, using Ethereum smart contracts to record balances and facilitate transfers. On-chain transactions require payment of gas fees—Ethereum’s network transaction costs—to incentivize nodes to process transactions securely. Issuance, burning, and permission management are defined by contract logic.
In terms of trading, Pepe’s liquidity is provided through pools and order books on both centralized exchanges and decentralized protocols. Price formation depends on order supply/demand and market sentiment. Key points for beginners:
- ERC-20: A universal token interface on Ethereum ensuring wallets and platforms can recognize, transfer, and display balances.
- Gas fees: Mandatory network fees for on-chain transactions that may spike during peak periods; always maintain sufficient balance.
- Contract risks: Contracts with flawed permissions or logic pose additional risk; pay attention to audit reports and community feedback.
What Can You Do With Pepe (PEPE)?
Pepe serves several main functions:
- Spot trading & liquidity provision: Trade or contribute assets to liquidity pools for fee earnings (mechanisms vary by platform).
- Community engagement & cultural promotion: Tip within communities, participate in events, extend narratives, and boost brand/network effects.
- Derivatives & hedging: On select platforms, PEPE can be used as margin or underlying asset for hedging or strategic trading (with heightened risk controls).
Actual use cases depend on platform integration; beginners should follow platform instructions and interact via supported interfaces.
What Are the Main Risks and Regulatory Considerations With Pepe (PEPE)?
Meme coin risks primarily stem from price volatility, information asymmetry, and contract or ecosystem events:
- High volatility: Sharp price swings may occur in short timeframes; maintain disciplined position sizing and stop-loss plans.
- Contract & permission risks: Watch for minting, blacklist, tax permissions; always review audits and community assessments.
- Ecosystem event risks: Liquidity withdrawals, bridge anomalies, phishing sites, and counterfeit token contracts can all cause losses.
- Regulatory uncertainty: Attitudes toward meme tokens vary by jurisdiction; comply with local laws and regulations.
- Platform & account security: Always enable 2FA (two-factor authentication), beware of social engineering scams, and protect SMS verification codes.
What Is the Long-Term Value Proposition of Pepe (PEPE)?
Pepe’s long-term value depends more on network effects and community scale than on unique technical innovation. Key metrics to watch:
- Brand & community: Ongoing content creation, events, and user growth strengthen narrative appeal and trading demand.
- Liquidity & market coverage: Broader access and deeper markets support price discovery and stability.
- Contract & ecosystem expansion: Future integrations or cross-ecosystem collaborations could drive more frequent usage.
However, meme assets lacking clear cash flows or utility are more vulnerable to shifts in sentiment. For long-term participants, tracking community activity, holder distribution, and on-chain interactions offers better insight.
How Can I Buy and Safely Store Pepe (PEPE) on Gate?
Step 1: Register a Gate account and complete KYC. Visit the Gate website to create an account. Submit identity documents as required for verification to enable withdrawals and risk controls.
Step 2: Deposit or fund your account. On the “Assets” page, choose fiat deposit or transfer USDT/stablecoins. Confirm network selection and fees to avoid errors.
Step 3: Search trading pairs and view market data. Go to the “Spot Trading” page, search “PEPE,” select the PEPE/USDT pair, review charts, order book depth, and latest trades to time your order.
Step 4: Select order type and execute trade.
- Market order: Instant trade at current market price—best for small amounts or speed.
- Limit order: Set your preferred buy price—wait for execution when your price is reached. Enter purchase quantity, review order details and fees, then submit your order.
Step 5: Asset custody & withdrawal to self-custody wallet. To hold on-chain, use the “Withdraw” page—select Ethereum network, paste your wallet address, reserve gas fees/platform withdrawal fees. Always back up mnemonic phrases and private keys in your self-custody wallet; never share them.
Step 6: Security settings & risk management. Enable 2FA, withdrawal whitelist, and fund password; set price alerts/position limits; regularly verify withdrawal addresses to prevent malware/phishing attacks.
Terminology tips: KYC means identity verification; 2FA is two-factor authentication; slippage is the gap between expected/executed price—more pronounced during high volatility.
How Does Pepe (PEPE) Differ From Shiba Inu (SHIB)?
Technology & ecosystem: Both are ERC-20 tokens in the Ethereum ecosystem. SHIB has expanded its ecosystem (dApps, network extensions), while PEPE emphasizes lightweight narrative and liquidity.
Supply & narrative: PEPE has an extremely high initial supply with meme-centric community spread; SHIB combines meme appeal with discussions about ongoing burns/ecosystem building. Their value drivers differ—PEPE depends on hype/liquidity; SHIB aims to create utility through ecosystem tools.
Risk & volatility: Both are highly volatile. If you value functionality/ecosystem expansion, SHIB may be preferable; if meme culture/trading activity appeal more, PEPE is representative. Choose based on personal preference and risk tolerance.
Pepe (PEPE) Summary
Pepe is an Ethereum-based meme token propelled by community narrative and liquidity. Its price and market cap fluctuate sharply with sentiment cycles; it features massive supply and focuses on trading/community engagement. Beginners should understand ERC-20 standards and gas fees first, grasp market cap/circulating supply relationships, then start small on Gate following step-by-step guides—with robust security like 2FA and withdrawal whitelists. For mid-to-long-term observation, monitor community activity, holder dispersion, ecosystem collaboration progress—and always respect regulatory requirements alongside personal risk tolerance to avoid over-concentration or emotional trading.
FAQ
Why Is Pepe Worth Noticing Compared to Other Meme Coins?
Pepe is built around an iconic internet meme character with strong cultural recognition and community cohesion. Unlike pure technical innovation, its value relies on consensus and cultural hype—hallmarks of the meme coin phenomenon. Beginners can buy Pepe via Gate but should recognize its high-risk/high-volatility nature.
Does Holding Pepe Have Any Practical Use?
Currently Pepe mainly serves as a trading/speculation asset—a vessel for community identity rather than practical utility. Future payment or governance functions may emerge in specific ecosystems depending on project development. Newcomers should understand its speculative profile before participating.
Why Does Pepe’s Price Fluctuate So Much?
Meme coins are high-risk assets whose prices are driven primarily by community hype, media attention, and market sentiment—not fundamentals. A single tweet or viral meme can trigger major moves; limited liquidity can amplify swings. Beginners should avoid chasing tops/bottoms—setting stop-losses is essential risk management.
How Should I Safely Store Pepe After Buying on Gate?
Small amounts can be held directly in your Gate wallet or exchange account—change passwords regularly and enable two-factor authentication. For larger holdings, transfer to a hardware wallet (e.g., Ledger) or cold storage wallet for full control of your private key. In all cases, safeguard your private keys/mnemonic phrases—never share them.
How Much Should Beginners Invest in Pepe?
Pepe is a high-risk investment—only use discretionary funds with allocations no greater than 5–10% of your total crypto portfolio. Set clear stop-loss/take-profit targets; avoid borrowing or going all-in on one token. Learn trading basics via platforms like Gate before gradually increasing involvement.
Key Terms Glossary for Pepe (PEPE)
- Meme coin: A cryptocurrency rooted in internet culture/community consensus—typically social-oriented with entertainment appeal.
- Tokenomics: The design of supply/distribution/incentive models affecting long-term price dynamics.
- Liquidity pool: Paired asset pools in decentralized exchanges, allowing users to provide liquidity for trading fee rewards.
- Smart contract: Self-executing code on blockchains controlling token issuance/transfers/burns.
- Community governance: Token holders participate in project decisions via voting—embodying decentralized management principles.
Pepe (PEPE) Reference & Further Reading
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Official Website/Whitepaper:
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Development/Documentation:
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Media/Research:
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