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Pepe (PEPE) USD Price
pepe Market stats
About Pepe
Pepe Price Data
Pepe (PEPE) currently has a price of $0.0000028 and is down -5.95% over the last 24 hours. The cryptocurrency is ranked 59 with a market cap of $1.2B. Over the last 24 hours, it saw $221.5M of trading volume. The token has a circulating supply of 420.7T tokens out of a total supply of 420.7T tokens.
Pepe (PEPE) is a decentralized cryptocurrency that focuses on the Pepe meme. It emphasizes privacy and security through encryption and decentralization. The project is community-driven, with development and governance relying on input from community members.
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© 2026 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
pepe Market stats
Frequently Asked Questions
PEPE is an Ethereum-based meme coin launched in April 2023, inspired by the Pepe the Frog internet meme. It went from zero to a $1.6 billion market cap within weeks of launch — one of the fastest ascents in crypto history. The rally was driven by viral social media momentum, early whale accumulation, and a broader meme coin mania coinciding with renewed interest in Ethereum-based tokens. PEPE has no utility, no roadmap, and no development team with a public identity. Its value is entirely sentiment-driven.
PEPE’s smart contract includes a burn function that allows tokens to be permanently removed from circulation by sending them to a dead wallet address. However, the burn mechanism is manual and community-initiated — there is no automatic, protocol-level burn tied to transactions or usage. While periodic burns have occurred, the amounts destroyed are a small fraction of the total supply. In practice, the burn mechanism has limited impact on supply dynamics compared to trading volumes and holder behavior.
PEPE launched with a total supply of 420,690,000,000,000 (420.69 trillion) tokens. At launch, 93.1% was sent to the liquidity pool on Uniswap and the LP tokens were burned, creating permanent liquidity. The remaining 6.9% was held in a multi-sig wallet designated for future exchange listings, bridges, and liquidity. There was no presale, no team tokens, and no VC allocation. This distribution model helped PEPE gain credibility among meme coin traders looking for “fair launch” tokens.
Whale wallets — addresses holding large PEPE positions — have significant influence over short-term price action. When whales accumulate, it reduces available supply and can trigger FOMO-driven rallies. When they sell, the volume can overwhelm thin order books and cause sharp drops. On-chain data consistently shows that a relatively small number of wallets hold outsized percentages of PEPE’s supply. This concentration means price can move dramatically on the actions of a few holders, making PEPE particularly volatile even by meme coin standards.
Dogecoin has its own proof-of-work blockchain, the longest track record (launched 2013), and celebrity endorsements (notably Elon Musk). Shiba Inu has built a multi-token ecosystem with ShibaSwap, Shibarium (Layer 2), and NFTs. PEPE has neither its own infrastructure nor a development roadmap — it is a pure ERC-20 meme token. PEPE’s advantage is its simplicity and cult following; its disadvantage is the complete absence of utility or ecosystem development. DOGE and SHIB carry their own risks but offer more structural substance. All three are speculative, sentiment-driven assets.