Pepe

Pepe is a deflationary memecoin that operates on the Ethereum blockchain.

It was developed as a tribute to the Pepe the Frog internet meme, which gained popularity in the early 2000s. 

The project aims to leverage the popularity of meme coins and position itself as a notable meme-based digital asset.

Cryptocurrency trading platform Coinbase Global (NASDAQ: COIN) faced backlash Wednesday for an email it sent about meme coins, specifically PEPE Coin (CRYPTO: PEPE), one of the fastest-rising coins to reach $1 billion in value. The email highlighted the debate over the Pepe the Frog meme behind the coin, but the coin's supporters say Coinbase failed to balance its commentary on Pepe the Frog's origins.

EXCLUSIVE: As Coinbase's Apology Falls Flat With Pepe Coin Community, Spottie WiFi Says Crypto Exchange Should 'Tell The True History Of Pepe'

Coinbase's newsletter was met by an online backlash.

‘We screwed up': Coinbase chief legal officer apologizes after Pepe newsletter controversy

PEPE token has dropped 63% since last week, when it reached a $1.8 billion market capitalization after a staggering rally.

‘Smart Money' Traders Reduce Pepecoin Holdings by $3M as Meme Coin Mania Cools

The meme-based token pepe (PEPE) has experienced a 14.9% decline against the U.S. dollar over the last 24 hours, continuing its downward trend from the last five days. Thus far, PEPE has seen a 60% drop in value from its all-time high on May 5.

PEPE Token Continues Downward Spiral, Registers 60% Drop From All-Time High

The move comes after the hashtag trended on Twitter, as PEPE holders bristled over Coinbase's description of Pepe's past alt-right history.

‘We Screwed Up': Coinbase Apologizes for Pepe Comments as #DeleteCoinbase Trends

The crypto exchange set off a kerfuffle by describing the Pepe the Frog meme as having been co-opted as a hate symbol by alt-right groups.

Coinbase Says it 'Screwed Up' Pepecoin Coverage in Its Newsletter

Pepe coin fans have been tweeting furiously for several hours in an attempt to get people to close their Coinbase accounts. Ironically (or perhaps not) Coinbase's centralized exchange does not actually support trading in pepe.

Coinbase's Pepe the Frog ‘hate symbol' email sends #Deletecoinbase trending on Twitter

A pseudonymous analyst said that the current price level for Pepe Coin (CRYPTO: PEPE) is a “strong demand area." What Happened: Rekt Capital in a YouTube video told his subscribers that "Pepe looks interesting.

Crypto Analyst Identifies 'Strong Demand Area' For Pepe Coin: Key Levels To Watch Out For

Bitcoin

Shiba Inu

Uniswap

Tokens issued on Bitcoin ran to a cumulative market capitalization of as much as $1.5 billion earlier this week before sharply correcting.

Developers Deploy Uniswap Contracts on Bitcoin as BRC20-Based SHIB, PEPE Gain Popularity

A Coinbase newsletter said meme coins allow investors to make big profits in a short period of time but warned of long-term investing in these tokens.

Coinbase Newsletter Flags Rise of Pepecoin and BRC-20 Tokens, Irks Crypto Twitter

A widely followed crypto analyst is expressing short-term bullishness on one Dogecoin (DOGE) and Shiba Inu (SHIB) rival after the memecoin corrected heavily following a months-long rally. Pseudonymous crypto analyst Kaleo tells his 586,200 Twitter followers that the third-largest memecoin by market cap, Pepe (PEPE), still possesses more upside potential.

Dogecoin and Shiba Inu Rival That's Up Over 2,400% in a Month Has More Gas in the Tank, According to Top Trader

The cryptocurrency trading platform owned by Coinbase Global Inc. (NASDAQ:COIN), has come under fire for allegedly describing Pepe, a popular internet meme, as a “hate symbol” in an email sent to its customers. What Happened: The email cited a decision by the Anti-Defamation League to place the frog-themed meme in its online hate symbol database in 2016.

'Delete Coinbase' Campaign Picks Up Momentum Over Labeling Of Pepe Meme As 'Hate Symbol'

Uniswap still looks to be slightly ahead of Coinbase, with $1.2 billion volume compared to the San Francisco-based exchange's $948 million.

Uniswap Volume Leapfrogs Coinbase Thanks to Pepe and Meme Coins

Crypto whales are excited about the Pepe (CRYPTO: PEPE) token, even though it nose-dived nearly 60% in value from its all-time highs over the last two days. One whale withdrew a staggering 1.4 trillion Pepe tokens, valued at $2.76 million, from the Binance exchange when the price was $0.000002054.

Crypto Whales Scoop Up Pepe Tokens By The Trillions: Is This Memecoin The Next Big Thing?

Dogecoin

Artist Matt Furie, creator of the viral Pepe meme, said that he has no knowledge of Pepe Coin (CRYPTO: PEPE), despite its recent surge in popularity. What Happened: Furie made the remarks during a Twitter Spaces chat session on Tuesday, discussing his new NFT art collection Zogs.

Iconic Pepe Meme Creator Hasn't Heard Of PEPE Coin — Says He Is A 'Dogecoin Maxi'

Larger market participants are buying up the meme coin even as prices dunk, suggesting another leg up might be on the cards soon.

Crypto Whales Accumulate Millions in Pepecoin as Trading Volume Shifts to Binance

The recently launched meme token, inspired by Pepe the Frog and dubbed PEPE, experienced a 12% decline against the U.S. dollar on Tuesday, plummeting its market valuation beneath the $1 billion threshold to a present $790 million.

Meme Token PEPE Plunges Below $1 Billion Mark Amidst Market Decline

Twitter accounts shill what appears to be a fraudulent Pepe NFT.

Pepe's no different: Where there's a meme there's a scam

A pseudonymous cryptocurrency analyst believes that the surge in the price of Pepe Coin (CRYPTO: PEPE) will continue until it overtakes Shiba Inu (CRYPTO: SHIB) to become the second-largest meme coin. What Happened: ‘Cryptunez' told his 154,500 followers on Twitter that the "impact of Pepe Coin on the crypto [market] cannot be understated".

Crypto Analyst Sees Pepe Coin Dethroning Shiba Inu As 2nd-Largest Meme Coin: Calls SHIB 'Overvalued Garbage'

The cryptocurrency market experienced a sharp decline on Monday, with Bitcoin (BTC) dropping below $27,500 for the first time since January.

Bitcoin Falls 5%, Pepecoin 50% Ahead of CPI Report

The top 15 holders of the meme cryptocurrency PepeCoin (CRYPTO: PEPE), excluding exchanges and contract addresses, hold a significant share of the total supply. Together, they possess 38.07 trillion PEPE tokens, which account for 9.05% of the entire circulating supply, analysis by on-chain sleuth @lookonchain revealed.

PEPE Whales Swimming In Millions: Top 15 Holders Make Mind-Blowing Profits

In 2023, meme coins have maintained their popularity, and the recent surge of PEPE demonstrates that investors remain enthusiastic about meme-centered tokens. A fresh study from Coingecko reveals that a significant portion of meme coin fascination originates from the United States, India, and the U.K.

Study Reveals Top Countries Fueling Meme Coin Interest in 2023

Ethereum

As risk-taking crypto traders sought to make tremendous profits off of surging prices for the suddenly-hot PEPE, a resulting surge in transaction fees brought a windfall to validators running the Ethereum blockchain.

PEPE Meme Coin Craze Spreads Wealth to Ethereum Validators Running Blockchain

Bitcoin (CRYPTO: BTC) value declined Monday on the heels of a weekend slump, as one of the largest global crypto exchanges reported congestion within the network. CoinGecko data shows a 4% decrease in Bitcoin's price, hitting $27,900, with a nearly 4% drop since Sunday.

Binance's Congestion Cataclysm: Bitcoin, Ether, PEPE, And SUI Caught In The Crossfire

The Pepe memecoin has made millionaires on paper, with its price has skyrocketing since launching last month.

News for Pepe Crypto (PEPE)