Pepe

The project website states there is no formal team or roadmap, and no founders or company are named. There is no development to fund: the token is a single Ethereum contract. In August 2023 more than 16 trillion PEPE (about $15 million) left the project multisig wallet for exchanges after its approval threshold was cut from 5-of-8 to 2-of-8 signatures; the project blamed bad actors on its own team. When Binance listed PEPE in May 2023, its announcement, as reported by Decrypt, noted signs that insiders or team members acquired 7% of supply minutes after launch.

• Pepe: official website
• Pepecoin Says 'Bad Actors' on Team Stole $15M PEPE (CoinDesk)
• Binance Lists PEPE as Meme Coin Market Cap Hits $1 Billion (Decrypt)

Canary PEPE ETF filed a Form S-1 with the SEC on 8 April 2026; by 27 September 2026 EDGAR showed no further filings, so no PEPE fund had launched. On that date the largest holders on Ethereum were mostly exchange wallets (Binance Hot Wallet 20 held 8.83%, Binance 28 6.61%, OKX 3.06%), while unlabelled addresses held 6.05%, 3.37%, 1.91%, 1.47% and 1.47%, and who controls them is not disclosed. PEPE is on the National Bank of Kazakhstan's list of authorised unsecured digital assets of 30 April 2026.

• SEC EDGAR: Canary PEPE ETF filings
• Etherscan: PEPE top token holders
• List of authorized unsecured digital assets (National Bank of Kazakhstan)

The whole supply of 420.69 trillion PEPE was minted to the deployer on 14 April 2023, and the contract has no function to mint more. On 27 September 2026 totalSupply() showed about 100.35 billion PEPE destroyed through the burn function (0.024% of supply), and the dead address held a further 1.64%. The contract owner is the zero address and holding limits are off, so nobody can use the blacklist or holding-limit functions. There are no transfer taxes and the website says the liquidity-pool tokens are burnt. The token has no staking, reward or fee function, so holding it produces no return.

• Etherscan: PEPE contract creation transaction
• Etherscan: PepeToken read contract (totalSupply, owner)
• Etherscan: PepeToken verified source code

On 27 September 2026 Etherscan showed 590,925 PEPE holder addresses and 3,778,253 transactions. PEPE has no function in any protocol: there is no PEPE network, fee, staking or governance role, and its practical use is holding and trading. In a one-day snapshot on 27 September 2026, perpetual futures made up about 90% of combined PEPE spot and perpetual volume on Binance and Bybit (about $259.5 million of $286.9 million).

• Etherscan: Pepe (PEPE) token
• Binance Futures API: 1000PEPEUSDT 24h ticker
• Bybit API: 1000PEPEUSDT linear ticker