PepeCoin has recently been making waves in the crypto market. Over the past few days, the price of PepeCoin has jumped more than 100% as it has just been listed on one of the world’s leading crypto exchanges, OKEx.
The history of Pepe
For the record, Pepe is a brand new meme coin on the block featuring everyone’s favorite sad frog. Capitalizing on the popularity of meme culture, Pepe crypto harnesses the power of blockchain technology and combines it with the viral nature of the Pepe the Frog meme, with the goal of creating a unique user experience for holders.
Created in 2005 by Matt Furie, Pepe the Frog is a character from the comic strip “Boy’s Club.” He plays a hedonistic frog who enjoys playing video games, eating pizza and hanging out with his friends.
Pepe the Frog became popular on the web when he was used on the famous and controversial forum 4chan, where members adopted him to react to messages posted. The phrase “feels good man” will be repeated many times, and will make him famous. The head of Pepe is then declined in sad version, angry or having abused illegal substances.
The year 2014 marks a turning point for Pepe the Frog, which becomes really mainstream. He appears on other forums like Redit or 9gag but also in the tweets of Katy Perry and Nicki Minaj. Many versions of Pepe appear on the web.
In 2015, they are the supporters of Donald Trump who take Pepe in his image, in the middle of the U.S. presidential campaign. It will then be associated with the movement of the American far right (AltRight).
And even in 2021, Pepe the Frog makes a perilous jump from Web 2.0 to Web3 through different NFT projects:
The Sad Frogs District project, heavily inspired by the famous frog was put online on OpenSea, NFT’s main sales platform. This collection is composed of 7000 different NFT created by a collective of artists inspired by the “cypher punk” movement. The sale was a success as it raised 4 million dollars.
This success was short-lived, however, as Matt Furie ordered Opensea to remove the “Sad Frogs District” project from the sale due to copyright infringement, resulting in an immediate loss of value of the NFTs.
PepeCoin, its price soared
Following in the footsteps of Dogecoin (DOGE), the PEPE crypto is also very popular within the crypto community and on the net for its friendly and humorous aspect.
OKX is the first major crypto exchange to list the PEPE token today at 09:00 UTC. Indeed, the PEPE crypto is available to buy and sell with the PEPE/USDT trading pair on the spot market.
This is positive news that has caused the PEPE price to rise sharply, reaching $0.0000016 on OKX at the time of its listing.
A PEPE price that soared when the listing on the OKX crypto exchange was announced.
A very low price that is explained by the very high number of tokens in circulation on the market: 420,690,000,000,000 PEPE tokens!
In any case, the listing of PEPE today on OKX could lead other major crypto exchanges such as Binance or Kucoin to also list this crypto currency popular with the general public and crypto fans, even if there is no serious blockchain project behind it.
Image Source : Coinpedia
Written by Laeti Marison (SatoshiBelle)
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