A cartoon character named Pepe the Frog, created by Matt Furie, has been taking over the meme coin market as a trading card and has won the hearts of many users.
The token can be found by the name Pepe (PEPE) and reached epic sixth place among the largest crypto meme tokens.
After appearing in comics Pepe has been used on many social networking sites and instantly became an internet meme. It also was associated with some of the political movements. Pep coin has reached above 130 million US dollars in value.
Pepe came as a coin for the first time on April 18, 2023. The latest coin data suggests that PEPE on the very first day it started trading, went above 400 percent from its all-time low status. Within 48 hours the Pepe coin’s market value reached above 165 million US dollars.
As per the data it can be also understood that there are more than 420.69 trillion Pepe frog coins in circulation in the market. There are also around 30,000 individual holders.
Among these individual owners around 17.25 percent of the entire supply is commanded by the top ten wallets in the economy. The Pepe token statistics also show that the top 100 PEPE holders own approximately 44.51 percent of the entire token supply.
In the registered 10,755 crypto assets. PEPE has a rank of 245. On the website of coinmarketcap Pepe has a rank of 2,605 among the other 23,473 cryptocurrencies of the world.
The term ‘$PEPE’ has been trending in the United States on Twitter during the last 30 hours. Also, above 1.5 million tweets have been posted with the hashtag ‘#pepe’, and ‘#$pepe’.
Pepe the Frog meme coin had a sharp growth in just five days. Now the netizens are looking forward to knowing whether the coin will turn into 4 million US dollars in profit before the end of April or not.
According to the reports released the last Thursday, it has reached a profit of 2.1 million US dollarsThe current price of the coin is 0.0000003625 US dollars on an investment of 251 US dollars. Reports also say that many of the investors have been trying to withdraw their profit as the coin is facing a liquidity shortage and it is rumored to get severe.
The price chart, however, has been in favor of Pepe coin.
According to the crypto asset transfer register, Pepe Frog coin has registered 122,368 transfers. The world-renowned crypto asset price tracking website coinmarketcap.com and the web3 security startup Gopluslabs have issued a warning to the users that there are high chances of the froggy coin’s contract owner modifying the transaction tax. The contract owner may also have the ability to contain the blacklist function.
Pepe the Frog first appeared in a 2005 comic named Boy’s Club. The frog got popular upon becoming an internet meme in 2008.
The users of the platforms such as the social networking service MySpace, the English language social networking site that is anime-themed Gaia Online, and the English language imageboard website 4chan. The cartoonist Matt Furie is the one behind the creation of this character.
Pepe frog started to appear in various versions such as Smug Frog, Feels Frog, Sad Frog, Angry Pepe, and so on. Later it became to trend post it in rare versions. It was in 2014 that posting Pepe became a thing and they started to be treated as trading cards in the meme market.
When the froggy meme became the center of attraction, Furie, in 2015, said that his philosophy when he created the frog was very simple. He explained the meaning of the term ‘Pepe’ as ‘feels good’. He said that to go Pepe means to go happy.
Furie added that he had found complete happiness emotionally, physically, and spiritually in serving the frog Pepe and his other frog friends through the comics. He views that, each comic as sacred. He also said that his compassion for the comic readers transcends all differences like the pain and the fear of feeling good.
By the time users had started to associate Pepe with political parties and movements. Initially, it had no political affiliation and the creator himself has said that he has not intended any political meaning when he created the frog. Starting from the year 2015 onwards Pepe can be found as a symbol used in the extreme right virtual movement. Most commonly referred to as the alt-right movement.
After the time rise of the dogecoins, now, it seems like it is the time for Pepe and DigiToads to rule the market. What is DigiToads? It is a toad coin whereas Pepe is a frog coin. It is designed as a play-to-earn as well as a stake-to-earn meme coin. It is being built on a metaverse by the name The Swamp.