What is Pepe (PEPE)?

Deep Dive

1. Purpose and identity

Launched in 2023, PEPE draws on the well-known Pepe the Frog meme. Its main purpose is cultural and social: people trade it and use it as a shared internet-culture symbol. The project’s value proposition is not a defined technology product or real-world service. (CoinMarketCap)

2. Technology and role

PEPE is an ERC-20 token, meaning it follows a common set of rules for tokens on Ethereum. It does not have its own blockchain; Ethereum processes and secures its transactions. The available project information describes PEPE primarily as a meme token rather than one with built-in functions such as governance or lending. (CoinMarketCap)

Conclusion

PEPE is fundamentally a meme-based Ethereum token whose identity comes from internet culture and community participation, rather than a separate network or utility product. How might its community keep the meme relevant over time?