What is a PEPE token?
PEPE token was created by an unknown entity inspired by the popular Pepe meme. The project was launched anonymously in April 2023 and aims to become the most memorable meme coin in existence.
PEPE token has been created with the intention of making meme coins great again. According to PEPE's website pepe.vip, Its launch was stealth, with no presale, zero taxes, LP burnt, and a contract renounced, making it a coin for the people, forever but is that really the case?
It is worth noting that despite being inspired by the Pepe meme, PEPE tokens have no connection to the actual Pepe the Frog meme or its original creator, Matt Furie. This means that the creators have taken inspiration from the meme, but they have created a separate entity that does not infringe on any copyright laws or intellectual property rights.
If you would like to know where to buy Pepe at the current rate, the top cryptocurrency exchanges for trading in Pepe stock are currently CoinW, Bitget, BTCEX, Hotcoin Global, and BingX.
Who Are the Founders of PEPE token?
The people behind the project are not found anywhere. Even when looking at their domain credentials for their website, they went the extra mile to redact the information.
The anonymity of the creators adds an air of mystery to the project, making it even more appealing to those who are intrigued by the world of cryptocurrencies. Despite being launched anonymously, the project has gained significant attention, and its trading action has been rather serious, with over $1.3 million in liquidity locked up in a trading pool on Uniswap supplied by providers
What Makes PEPE Token Unique?
One of the unique features of PEPE tokens is their circulating supply of 420 trillion, which is a reference to "4/20," a popular cannabis culture slang. It is interesting to note that even though the creators remain unknown, the trading action has been rather serious. A trading pool on Uniswap for PEPE tokens has locked up over $1.3 million in liquidity, all supplied by providers.
The PEPE token rose by more than 1,000% in just 2 days, with other reports showing even higher numbers since inception. This is a purely speculative rise only to attract newcomers, and dump the token soon afterwards.
PEPE Token Pros and Cons
Pros
- Significant trading action on Uniswap, with over $1.3 million in liquidity locked up.
- A unique feature of a circulating supply of 420 trillion.
- Created with no presale, zero taxes, LP burnt, and a contract renounced, making it a coin for the people, forever.
- Fueled by pure memetic power, which may attract a certain demographic of investors.
Cons
- No information about the creators, making it difficult for investors to assess legitimacy.
- No connection to the actual Pepe the Frog meme or its original creator, Matt Furie, causing potential confusion among investors.
- Intended as a complete joke, raising concerns about long-term value and sustainability.
- High-risk investment due to the volatility and unpredictability of the cryptocurrency market.
Moreover, it has 3 Potential risks:
- The contract can modify the Anti-Whale limit
- The contract has Anti-Whale mechanism
- The owner can blacklist addresses
PEPE Review
According to their website, PEPE Coin aspires to flip Bitcoin. For a relatively new project (5 days old at the time of writing), no other crypto project comes even close to Bitcoin, which has been present since 2008.
Even Ethereum which is the second biggest crypto project didn’t come close to flipping Bitcoin. This is a bit unrealistic promise.
Is PEPE a Scam?
It's unclear whether the PEPE crypto project is a scam or a legitimate endeavour. However, it's clear that it shares the same characteristics and principles as many other meme projects that have come before it. We can't stress enough the importance of the contract audit that can be seen above which clearly states 3 potential risks. While you can invest you should keep in mind that PEPE can go to 0 in a blink of an eye.
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