PEPE Memecoin: What Are Meme Coins And Why PEPE Is Very Popular

Getting to know PEPE, a trending meme coin. (Photo; Doc. Pepe)

JAKARTA - Given PEPE's popularity, many cryptocurrency investors and users are interested in knowing more about memecoin and how memecoin can be a popular trend in the cryptocurrency world. So, let's take a closer look at what memecoin is and why PEPE is so popular.

Memes have become very common on the internet since the Web1 era, long before the emergence of Web2 and Web3. Memes are often used for humor and are often viral on the internet. It's no wonder that meme coins or memecoins are something new in the cryptocurrency industry. Memecoin focuses on increasing popularity through the use of fast-spreading memes on the internet.

Memecoin itself is a combination of memes and cryptocurrencies focused on aiming to go viral through the explosive nature of the memes and how quickly they spread.

One example of memecoin is Dogecoin (DOGE), which first attracted the attention of many people and has been one of the most popular cryptocurrencies for years. Apart from DOGE, there are also Shiba Inu (SHIB), Floki Inu (FLOKI), and many more.

Another memecoin that gained popularity was PEPE. This meme coin was launched in mid-April 2023 and in just three weeks, this meme coin has a market capitalization of more than $420 million and has made it into the list of the top 100 cryptocurrencies based on total market capitalization.

PEPE memecoin is designed to be the most popular memecoin. PEPE has no intrinsic value and no team or formal plans. Coin is completely useless and only for entertainment purposes.

This is as stated on the meme coin website: "PEPE is a memecoin without intrinsic value or financial return expectations. There is no team or formal plan. This coin is completely useless and only for entertainment purposes."

It should be noted that this is nothing new in the crypto world. Some memecoins have existed in the past, expressly stating that they have no value whatsoever.

PEPE's official website states that memecoins are designed to be "the most memeable memecoin." The page has several references to other popular tokens such as Shiba Inu (SHIB), Floki Inu (FLOKI), Dogecoin (DOGE), and others.

Even so, PEPE memecoins remain trading on a number of leading crypto exchange platforms such as Huobi, MEXC, OKX, and several decentralized exchanges (DEX) such as Uniswap.