The current Pepe (PEPE) price is ¥0.00007254, reflecting a 24-hour change of +8.92%. Below, you'll find a detailed analysis of its market performance, key metrics, and essential information for understanding this popular memecoin.
Understanding Pepe (PEPE)
Pepe is a digital asset inspired by the "Pepe the Frog" internet meme. It operates as an ERC-20 token on the Ethereum blockchain. Unlike foundational cryptocurrencies such as Ethereum's Ether (ETH), which serve specific utility roles within their ecosystems, PEPE is primarily a speculative memecoin.
Its origins trace back to the "Boy's Club" comic series by Matt Furie. The character, Pepe the Frog, became an internet sensation years after the comic's 2005 debut. The Pepecoin project launched in 2023, quickly garnering significant attention and at one point achieving a market capitalization exceeding $1 billion.
Current Market Performance
24-Hour Price Range
- Low: ¥0.00006565
- High: ¥0.00007415
52-Week Price Range
- Low: ¥0.000006305
- High: ¥0.000208
Tracking live price movements is crucial for any digital asset. The PEPE price chart at the top of this page provides a visual representation of its recent performance and historical trends.
Key Market Metrics
Monitoring these metrics offers a snapshot of PEPE's market status and investor interest.
- Market Cap: ¥30.517 Billion
- 24-Hour Trading Volume: ¥111 Million
- Circulating Supply: 420.68 Trillion PEPE
- Total Supply: 420.68 Trillion PEPE
- Year-to-Date (YTD) Return: -51.11%
Price Statistics
- 24-Hour Open: ¥0.00006607
- All-Time High (ATH): ¥0.0002032
The Role and Utility of Memecoins
Memecoins like PEPE are fundamentally speculative assets. Their value is largely driven by community sentiment, online trends, and viral popularity rather than underlying technological utility or real-world application. They can amass a large following and experience extreme price volatility.
Projects such as Dogecoin (DOGE) have paved the way, demonstrating how social momentum can impact price. For those looking to understand the broader context of these assets, it's valuable to explore more strategies for navigating volatile markets.
Can PEPE Reach $1?
A common question among investors is about the potential for PEPE to reach a price of $1 per token. Given its massive circulating supply of over 420 trillion tokens, this scenario is highly improbable. Achieving a $1 price would necessitate a market capitalization in the hundreds of trillions of dollars, vastly exceeding the current size of the entire global cryptocurrency market. Investors should focus on realistic market dynamics and trends.
Latest Market News and Influence
The memecoin sector remains highly dynamic, often influenced by social media trends and community forums. For instance, the controversial imageboard 4chan and its /Biz/ board have been known to significantly impact crypto markets, sparking discussions and price movements for assets like PEPE.
New memecoin protocols and launches on networks like Solana can also create ripple effects, sometimes drawing attention and capital away from established tokens. However, technical analysis often suggests that many of these pumps may be short-lived, as evidenced by trader skepticism during certain rallies.
Despite a lack of intrinsic value, memecoins have created numerous millionaires through extraordinary, though highly risky, short-term gains. Stories of traders turning small investments into millions in mere hours are not uncommon but are accompanied by high risk and potential allegations of market manipulation.
Frequently Asked Questions
What is Pepe (PEPE)?
Pepe is an ERC-20 memecoin on the Ethereum blockchain, based on the "Pepe the Frog" internet meme. It functions primarily as a speculative digital asset driven by community engagement and online trends.
How does PEPE differ from Ethereum?
Ethereum (ETH) is a utility token that powers its blockchain network, used for transactions and smart contracts. PEPE has no such utility; its value is derived from cultural relevance and market speculation.
What is the future potential of PEPE?
The future of any memecoin is highly uncertain and tied to viral trends. While significant gains are possible, the asset class is extremely volatile and speculative. Long-term sustainability is a major question. For those interested in tracking its progress, you can view real-time tools for live data and analysis.
Is investing in PEPE considered high risk?
Yes, investing in PEPE or any memecoin is considered very high risk. Prices can be extremely volatile, influenced by social media hype rather than fundamental value. Only invest what you are prepared to lose.
Where can I track the live price of PEPE?
The live price, along with charts and key metrics, is available at the top of this article. Numerous cryptocurrency tracking websites also provide real-time data and price alerts for PEPE.
What does market capitalization mean for PEPE?
Market cap represents the total value of all circulating PEPE tokens. It is calculated by multiplying the current price by the circulating supply. It helps gauge the relative size of the project compared to other cryptocurrencies.