Last Updated on May 12, 2023 by Bitfinsider
Beginning with its inception by cartoonist Matt Furie in 2005 and ascension to meme status on unmainstream social media communities like 4chan, Pepe’s tale begins.
Pepe, however, gained notoriety because the alt-right used it as a campaign sign for Donald Trump, which led to the Anti-Defamation League identifying it as a hate symbol.
Despite this, Pepe continues to be a representation of online culture, which makes it a perfect fit for the memecoin community.
What is Pepecoin?
Pepe Coin made its debut on April 17 and experienced a spectacular increase within two days of that date, reaching $30 million in trading volumes on the Uniswap decentralized market. This amounts to a remarkable 900% spike in value just two days after its launch, and in just one week, its market capitalization jumped from zero to close to $100m.
Pepe Coin is currently the subject of intense anticipation, despite the fact that the coin’s only redeemable feature is the inclusion of Pepe the Frog, a popular internet meme figure, as its mascot.
On April 18, a trader acquired 5.9 trillion Pepe Coin tokens for 0.125 ether (ETH-USD), or roughly $263. By April 19, 2023, the memecoin’s value had risen to around $1.8 million, offering a potential return of about 4,500 times the original investment, luring in a large number of additional investors.
The Pepe Coin official Twitter account refers to the coin as the “most memeable memecoin in existence” and claims that the “dogs have had their day,” making reference to memecoins from a previous generation like dogecoin (DOGE-USD) and shiba inu (SHIB-USD). In fact, PEPE has a total quantity of 420,690,000,000,000,000 tokens. The number itself is a parody of the well-known meme numbers 4:20 and 69.
According to Coingecko, the coin has increased by a remarkable 1,000% during the last week. By market capitalization, it has surpassed both The Sandbox’s SAND token and Fantom’s native FTM token to become the 45th-largest cryptocurrency, reaching a market capitalization of 1 billion and upwards.
As it starts to gain traction, a trading frenzy seems to have started after several cryptocurrency exchanges, including MEXC Global, Bitget, OKX, Gate.io, and Huobi, launched Pepe trading pairs two weeks earlier. The latest exchange to join the trading frenzy is Binance, which serves as an indication to PEPE’s potential in the coming weeks.
In conclusion, it is undeniable that the PEPE memecoin has made waves in the cryptocurrency market, rising to a total addressable valuation of over 1 billion just three weeks after its inception.
Many are comparing PEPE to other memecoins like SHIB, DOGE, FLOKI, and other similar coins, but only time will tell if this meme-inspired token will be there for the long haul. If you wish get your hands on the world’s most popular meme coin and be part of its rewarding but volatile journey, we recommend no other crypto exchange than ProEX!
Why Trade with ProEX?
ProEX is the world’s leading multi-contract trading platform, provides bitcoin and various cryptocurrencies, perpetual contract trading, ETF and other digital asset trading functions, Staking Pool services.
ProEX is committed to creating a better trading environment for our clients, ProEX has got MSB certificate（Money Services Business) from the United States and Canada, the USA MSB license was issued by FinCEN after being rigorously reviewed by the Financial Crimes Enforcement Bureau, an agency of the US Department of the Treasury.
Furthermore, there are no other exchanges that hold campaigns and giveaways as much as ProEX to support their community and users. If you are not convinced, go see for yourself!
How to buy or trade PEPE on ProEX
You can buy or trade PEPE on ProEX. As ProEX frequently holds campaigns and events, you should check out its event page here to see if you can participate and win rewards as you trade.
On ProEX, you can trade PEPE as a spot pair (PEPE/USDT) in 3 simple steps:
- Sign up and register an account on ProEX
- Buy USDT via ProEX One-click Buy
- Trade PEPE/USDT at ProEX Spot
Hardware wallets are safe and secure devices that can be used offline. They keep your cryptocurrency offline, making it impossible for you to be hacked. To find out more on the leading hardware wallets, you may view our reviews here: Ledger & Trezor
Disclaimer: The views and opinions expressed by the author, or any people mentioned in this article, are for informational purposes only, and they do not constitute financial, investment, legal, tax or other advice. Investing in or trading cryptocurrency or stocks comes with a risk of financial loss.
