Deep Dive
1. Purpose and value proposition
PEPE was created as a meme coin inspired by Pepe the Frog. Its identity and appeal come mainly from internet culture and community interest, not from providing a dedicated app or technical service. The token is not officially affiliated with the character’s creator, Matt Furie, according to CoinMarketCap’s overview.
2. Technology and token
PEPE follows the ERC‑20 token standard, a common format for tokens on Ethereum. It does not run its own blockchain; transactions are handled by Ethereum, which uses proof of stake to secure its network. CoinMarketCap lists PEPE’s total and circulating supply at about 413.77 trillion tokens; that supply figure describes how many tokens exist, not what they are used for.
Conclusion
PEPE is fundamentally a meme and community token built on Ethereum, with its purpose rooted in internet culture rather than a specific utility. How might its community sustain interest in the Pepe meme over time?
