Since its launch in April 2023, PEPE coin quickly became a sensation among investors, reaching an impressive market cap of $1.1 billion in just three weeks. Even now, it continues to be one of the top meme coins outshining many other dog-themed coins with significant growth potential. Let’s explore more about the $PEPE with FMCPAY!
1. What is PEPE coin?
PEPE Coin is a new meme coin launched in 2023 on the Ethereum platform. Inspired by the famous Pepe the Frog meme from social media, the coin quickly captured the attention and interest of investors. While it may seem quirky, its most notable thing is that it was created as a purely meme-driven coin with no serious plans for the future.
However, with the exceptional strength of its large community and attractive no-tax policy, $PEPE has consistently achieved significant milestones within just three weeks of launch:
- $1.1 billion market cap
- Over 800,000 transactions
- Listed on major exchanges like Binance, Coinbase, KuCoin,…
2. How was PEPE coin price?
By the end of July 2024, PEPE coin had reached a massive market cap exceeding $5 billion, with daily trading volumes approaching $2-3 billion. This represents a highly desirable achievement for not only meme coins but many other projects in the market.
Data from IntoTheBlock indicates that 72.85% of PEPE coin holders are still profitable, mainly from purchases made below the current price at the time of writing. However, if Bitcoin (BTC) continues to decline, the resulting increase in selling pressure could further decrease the value of PEPE Coin.
3. What makes PEPE coin stand out?
PEPE coin stands out from other meme coins thanks to its unique features like a no-tax policy, a redistribution system, and a deflationary mechanism. These aspects also promote its stability and prospects for long-term growth.
Deflationary mechanism
Its deflationary mechanism burns tokens and redistributes rewards to holders, boosting the coin’s value over time. With each transaction, a small percentage of tokens is burned, thereby reducing circulation and enhancing scarcity, which increases its appeal to investors.
Redistribution system
Additionally, PEPE coin employs a redistribution system where 1% of every transaction is pooled and distributed to all holders every hour. This rewarding system encourages investors to hold long-term and provides an incentive to support the coin’s growth.
No-tax policy
One of PEPE coin’s most appealing aspects is its no-tax policy, allowing users to trade and transact without incurring additional costs, even when dealing with PEPE tokens. This sets it apart from other cryptocurrencies that may impose taxes on transactions, creating extra burdens for traders and investors. The advantages of its no-tax policy include:
- Increased financial freedom and privacy
- The freedom to transact and store value without extra taxes
- Encouragement for the use and adoption of cryptocurrencies as a medium of exchange and store of value
- Reduced risk of tax evasion
- Advancement of a decentralized and inclusive financial system
4. How to buy PEPE coin?
While there are several ways to own and trade PEPE coin, selecting a trusted exchange with high liquidity is key to fast and effective investing. Follow our guide to begin trading PEPE coin on the FMCPAY Exchange:
- Step 1. Download the FMCPAY app at App Store or Google Play, or via .apk file.
- Step 2. Register an account and complete the KYC.
- Step 3. Deposit a stable coin ($USDT) and start buying $PEPE.
- Step 4. Try more of FMCPAY’s features like trading, staking, or margin.
5. PEPE Token Key Metrics & Allocation
Let’s take a look at the token’s information:
Key Metrics
- Token Name: Pepe
- Ticker: PEPE
- Blockchain: Ethereum
- Token Contract: 0x6982508145454ce325ddbe47a25d4ec3d2311933
- Token Type: None
- Total Supply: 420,690,000,000,000 $PEPE
- Circulating Supply: 420,690,000,000,000 $PEPE
PEPE Token Allocation
- 93.1%: for Liquidity Pool
- 6.9%: will be held in a multi-signature wallet, only to be used for tokens in centralized exchange listings, bridges, and future liquidity pools.
Conclusion
Pepe Coin has won over cryptocurrency investors with its unique features, especially the tax-free policy. As the community expands, it needs to differentiate itself from competitors and maintain its appeal.
How do you feel about this green frog? Keep following FMCPAY for more exciting information around the crypto world!