The long-term downward price trend of Pepe coin led to investors wondering if PEPE was dead. But, the frog-based meme coin proved it wrong and resurged with a price rally by the end of October 2023. So much so that the PEPE market cap is approaching $500 million, which is significant for a meme coin.
Let us learn more about Pepe Coin’s price history and the events that led to PEPE reaching a $500 million market cap in the present article.
Overview of Pepe Coin
The crypto meme coin community launched Pepe Coin (PEPE) in April 2023. Claiming itself “the most memeable meme coin”, Pepe coin does not have any official roadmap or a formal team.
Among the dog-based meme coins with repetitive names, Pepe coin stood out being one of the popular BRC-20 tokens and based on the “Pepe The Frog” internet meme. It didn’t take much time for PEPE to be listed in the top meme coins and capitalize on the existing meme coin popularity.
Pepe Coin shook the crypto industry by grabbing a spot in
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