Pepe

PEPE is a meme token on Ethereum with no intrinsic value or use beyond entertainment, themed on Pepe the Frog.

Pepe (PEPE) is a meme token: a coin built around an internet joke rather than a product. It is an ERC-20 token on Ethereum, deployed on 14 April 2023, and is themed on the Pepe the Frog meme. The project's website says it has no link to Matt Furie, the artist who created the character.

The project is open about having no purpose. Its website calls PEPE a meme coin with no intrinsic value or expectation of financial return, says there is no formal team or roadmap, and describes the coin as useless and for entertainment only. PEPE has no network, fees, staking or voting of its own; people hold it and trade it.

The whole supply of 420.69 trillion PEPE was created at launch, and the contract cannot create more. About 100 billion PEPE have since been destroyed. The website says there are no transfer taxes and that the liquidity-pool tokens were burnt. The contract has blacklist and holding-limit switches, but its ownership has been renounced, so nobody can use them.

PEPE trades on large exchanges such as Binance, Coinbase, Kraken and Robinhood. Most trading is in futures: on 27 September 2026 about 90% of PEPE volume on Binance and Bybit was perpetual futures. In August 2023 more than 16 trillion PEPE (about $15 million) were moved from the project's shared wallet to exchanges and sold; the project blamed members of its own team. A US PEPE fund filed for registration in April 2026 but had not launched.