What happened to PEPE: the story of the meme frog that jumped into crypto

Pepe Coin (PEPE) entered the crypto space as a wave of attention, attracting investors with the dream of being the “next Dogecoin.” Launched in April 2023, this cryptocurrency is built on the cult internet meme “Pepe the Frog” and quickly gained popularity among traders seeking new opportunities in a volatile market.

Why did the meme frog fall from the sky

The current price of PEPE is $0.00, down 3.39% over the last 24 hours. This reflects the harsh reality of meme coins: they live on waves of emotion and speculation. Unlike Dogecoin with its friendly image, PEPE uses a more controversial but undeniably recognizable character, giving the coin a special status in the meme asset ecosystem.

Where does PEPE’s energy come from?

The coin’s value is almost entirely dependent on speculative demand, community sentiment, and narratives circulating on social media. Creators position PEPE as an alternative to dog-themed meme coins, aiming to establish the frog as the main symbol of meme cryptocurrency. However, there is no fundamental utility or innovative blockchain technology here.

Risk in every purchase

PEPE’s volatility is not just a characteristic; it is the essence of the instrument. The price can sharply rise or fall within hours depending on market hype and social media trends. Investors should understand that they are dealing with a high-risk asset, where any news or viral post can radically change the situation.

Despite extreme fluctuations, Pepe Coin demonstrates the power of meme culture in the crypto space — transforming a simple internet meme into an asset with real capitalization. It is either an investment of the future or an expensive lesson for traders; it is still too early to judge.