This article provides information on the origin of the meme coin $PEPE and its token economics, helping readers gain a faster understanding of the rise of PEPE.
Table of Contents
What is PEPE Coin?
Originating from Internet meme culture: Pepe the Frog
PEPE becoming a breeding ground for hate ideology
The author personally kills Pepe the Frog
Who created PEPE Coin?
Where can you trade PEPE Coin?
The token economics of PEPE
The path to PEPE’s rise (news summary)
. May 21, 2024
$PEPE soars 25% to a new high! Lookonchain: Super Diamond Hands earns 80 million pounds with only $83..
. May 14, 2024
PEPE breaks through $0.00001 to create a “historic new high,” with a single-day surge of 19.1%, and dog-themed meme coins rise together.
. March 4, 2024
PEPE hits a historic new high! Surges nearly 400% in a single week, with a market value of 2.8 billion pounds, ranking as the third largest meme coin.
. October 24, 2023
$PEPE soars 37%! Team burns $6 million worth of tokens, whales buy over 1 trillion coins.
. May 13, 2023
Breaking News: Musk posts Pepe the Frog meme, $PEPE jumps 16%!
In this so-called “non-intercept bull market,” meme coin $PEPE continues to show strong performance. After repeatedly reaching new all-time highs this year, it once again reached a historic high of $0.0000137 due to the positive news of the Ethereum spot ETF. At the time of writing, its market value has surpassed $5.74 billion, rising to 25th place in the entire cryptocurrency market.
The following sections will organize information on the origin of PEPE, token economics, and other aspects to help readers understand the path to PEPE’s rise.
PEPE trend. Image Source: CoinGecko
What is PEPE Coin?
PEPE Coin was born in April 2023 and is a meme coin based on the internet comic character Pepe The Frog. It is built on the Ethereum blockchain.
According to the official description, the original intention of PEPE Coin was to break free from the complex token economics of dog-themed meme coins such as Dogecoin and Shiba Inu Coin, which betrayed the entertainment spirit of meme coins. Therefore, PEPE’s goal is to become the king of meme coins and, inspired by former US President Trump’s campaign slogan, shout out “Make Meme Coins Great Again.”
Originating from Internet Meme Culture: Pepe the Frog
The character Pepe the Frog was created by cartoonist Matt Furie. The author intentionally named it similar to the English word “pee” to add an interesting element. Pepe first appeared as one of the four characters in the internet comic “Boy’s Club” in 2005. He loves drinking and having fun, and much of the comic’s inspiration and funny gags come from Matt Furie’s daily life with his roommates and family.
The comic scene that truly made this frog popular was when Pepe pulled down his pants and peed, filling the entire toilet. His friend happened to see him and added the caption “Feels Good Man,” which sparked Pepe’s journey as a meme subject for the community.
Originally, Furie thought of this phenomenon as “casual and funny,” but things gradually got out of control…
Source: “Boy’s Club”
The comic scene that truly made this frog popular was when Pepe pulled down his pants and peed, filling the entire toilet. His friend happened to see him and added the caption “Feels Good Man,” which sparked Pepe’s journey as a meme subject for the community.
Originally, Furie thought of this phenomenon as “casual and funny,” but things gradually got out of control…
Happy Pepe Frog turned dark, starting with his appearance on 4chan (an American imageboard and the source of many internet memes, political movements, or cyber attacks).
On 4chan, users started transforming Pepe into “Sad Pepe.” The iconic feature was teary eyes and red lips, conveying a sense of sadness at first glance. Pepe became a voice for many “outcasts” and “misfits,” and this image made him popular on the internet.
Sad Pepe Frog
Being popular is a good thing, right? However, when Pepe the Frog was used outside of the 4chan forum, 4chan’s users started to feel dissatisfied. They believed that Pepe the Frog no longer belonged to them, so they maliciously edited the images, combining them with racism and Nazi ideology, making it impossible for outsiders to steal Pepe. They put all the malicious jokes on Pepe the Frog, and seeds of hatred began to sprout on him.
As things gradually got out of control, a shooting incident in a college town further darkened Pepe the Frog. Images of Pepe the Frog wearing guns, driving fancy cars, and accompanying criminals spread everywhere. The accompanying text crossed the line of “just kidding.”
The happy and innocent Pepe the Frog of 2005 has now gone beyond Matt Furie’s control. In his 2021 documentary, he expressed his frustration, saying that he never expected his creation to be abused and mistreated by the secular society.
Heartbroken, he decided to kill Pepe the Frog with his own pen in 2017, and the members of the Boy’s Club held a funeral for him. However, this couldn’t stop his life on the internet.
At the same time, Matt Furie has been working on the copyright of Pepe the Frog, hoping to collaborate with the Anti-Defamation League (ADL) to restore Pepe the Frog’s reputation and make him a “force for good.” ADL CEO Greenblatt once said:
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