#38 / Meme assetspepePartially verified
Pepe
A pure meme token with no utility claims, driven entirely by attention.
Token
PEPE
Sector
Pure meme asset
Category
Meme assets
Organizations
0
Coverage
9/11
Live market data
PEPE market
CoinGecko data; may be delayed.
Tokenomics
Circulating vs diluted1.00x
- Circulating supply
- 420690.00B
- Total supply
- 420690.00B
- Max supply
- 420690.00B
100.0% of the achievable supply is already circulating.
All-time high (ATH)
$0 -82.74% · Dec 9, 2024
Source: CoinGecko, snapshot of Oct 28, 2026. Figures may be delayed.
On-chain fundamentals
This asset is not mapped to a DefiLlama-tracked protocol or chain, or the provider reports no data for it. When a verified mapping exists, the table appears here.
Why it matters
Pepe launched in 2023 as an ERC-20 meme token that made no roadmap or utility promises at all, and became one of the largest meme assets by market capitalization. It is the clearest expression of the meme thesis: value derived purely from cultural attention and liquidity, with no cash flows or protocol revenue to analyze.
General research guidance, not analysis specific to this asset. Detail is pending.
Track the real organization or foundation behind the token, not just the ticker.
Separate token utility from price action before building a position.
Compare network usage, liquidity, incentives, and governance quality against nearby competitors.
How it works
PEPE is a memecoin with no protocol behind it: an ERC-20 homage to Pepe the Frog whose entire mechanics are the token contract and its liquidity pools. There are no vaults, fee switches or roadmap — value formation happens purely in markets, on cultural momentum.
Token utility
Speculative trading and liquidity provision
Cultural exposure to the meme sector
High-volatility instrument for experienced traders
Value capture
Structurally none: PEPE has no revenue, yield or utility hook, so it accrues value only through demand for the cultural brand. Holders capture upside; the asset itself generates nothing — which is the honest way to frame every memecoin.
Supply and issuance
420.69 trillion tokens fixed at launch, with no transaction tax; liquidity provider tokens were burned and contract ownership renounced, so no team can mint more. Distribution after launch, however, was concentrated among early buyers.
Governance
None. The contract is immutable and there is no DAO, treasury or vote; whatever governance exists is de facto social — which listings get supported, which narratives spread. This is a feature of the category, not a defect unique to PEPE.
Key risks
No utility, cash flows or fundamentals to support valuation
Extreme drawdowns are normal, not exceptional
Attention can migrate to newer meme assets very quickly
Frequently asked questions
Does PEPE have any utility?
No. It is a cultural, collectible asset — the value case is attention and liquidity, not cash flows. Any staking-yield pitch you encounter is a third-party scheme, not a feature of the token.
What are the real risks with PEPE?
Beyond normal price volatility: liquidity concentration in a few pools, meme fatigue, zero fundamental floor, and the sheer velocity of copycat tokens splitting attention. Position sizing should assume it can go to zero.
References
Last verified:
- PEPE
Pepe · pepe.vip · primary source
The project's official site, retrieved on the date shown, supporting how it describes itself. It does not establish supply, governance or issuance mechanics.
Accessed
Linked organizations
MapPending linkage to a concrete organization on the map.
Relationships
Competes with
Dogecoin
Serves a comparable role, so the two are worth reading side by side.
Directory suggestion, pending verification.
Competes with
Shiba Inu
Serves a comparable role, so the two are worth reading side by side.
Directory suggestion, pending verification.
Competes with
Bonk
Serves a comparable role, so the two are worth reading side by side.
Directory suggestion, pending verification.
