PEPE Memecoin: A Fad or Future?

• Pepe’s memecoin has 155K tweets and retweets.
• Token’s maximum supply is 420,690,000,000,000 PEPE.

The two-decade-old meme cartoon, Pepe the Frog, is creating sensations on crypto Twitter for the past few days. One of the OG meme idol’s fans are fed up with the sounds of Shiba Inu dog memes and cryptocurrencies. Pepe’s memecoin has been the talk of the Twitter and Reddit crypto communities, with 155K tweets and retweets.

10,000 holders $pepe pic.twitter.com/vZoXTboaf3

— Pepe (@pepecoineth) April 18, 2023

On the token’s official website, the roadmap with three different phases is listed. And within four days of launch, the Pepe token had achieved the goals of the first phase. Especially, the goals of 1000+ holders, listing on CoinGecko and CoinMarketCap, along with capturing Twitter fame.

The frog token’s marketing is focused on positioning itself as the replacement for all the doge-related tokens. Also, the official website’s ‘About’ section states:

“Pepe is tired of watching everyone play hot potato with the endless derivative ShibaCumGMElonKishuTurboAssFlokiMoon Inu coins. The Inu’s have had their day. It’s time for the most recognizable meme in the world to take his reign as king of the memes.”

Etherscan’s current Pepe crypto statistics show 11K+ holders and the token’s maximum supply is 420,690,000,000,000 PEPE. Within days of launch, the token has surged enormously. In the last 24 hours of listing in CMC, the trading price is $0.00000008648, with a surge of over 50%.

Cryptocurrency analysts don’t show much hope for this, as they consider it to be another joke coin without any real-life utility. First dogs, followed by frogs, what is next in line?