The price of PEPE token (PEPE) is currently trading at $0.000011, with a 24-hour increase of more than 23%

ChainCatcher news, according to RootData data, the price of PEPE token (PEPE) is now quoted at $0.000011, a 24-hour increase of more than 23%.

According to the Web3 asset data platform RootData, PEPE is a deflationary meme currency launched on Ethereum and was issued on April 17, 2023. The cryptocurrency was created as a tribute to the Pepe the Frog internet meme created by Matt Furie, which became popular in the early 2000s. The project aims to capitalize on the popularity of meme coins like Shiba Inu and Dogecoin and strive to establish itself as one of the top meme-based cryptocurrencies. PEPE engages the cryptocurrency community by establishing a tax-free policy, a redistribution system that rewards long-term stakeholders, and a burning mechanism that maintains the scarcity of PEPE tokens.