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If you have been in the crypto space for a while, you have most certainly heard about $PEPE coin. One of the most famous and hyped meme coin on the Ethereum (ETH) ecosystem at the moment. Now you may wonder what meme coins are. Why and how did PEPE become so popular? And lastly how to buy PEPE coin?

If you aren’t familiar with some specific words or terminology you can refer to our glossary.

What are meme coins?

Well, you most certainly heard about Dodge coin, Shiba Inu, Floki, and others, these are meme coins that grew huge communities and became highly popular!

Meme coins (also commonly known as Shitcoins) are tokens based on online memes and jokes. Tones of new meme coins are created each day, it has become a trend where creators try to come up with the funniest token. They add some fun to the crypto space and usually get close-knit communities that are $Bullish (highly enthusiastic about the success of a project) and hype the token. Originally created as a joke, they don’t necessarily have a true goal or meaning from the start. Compared to altcoins which are created based on a roadmap (a written plan for a project to grow organically), meme coins may implement a goal for their project in the longer run if really successful.

The hype about meme coins

The hype about meme coins is that the starting price is always really low, so you have plenty of time to be considered “early”. (Note that, the earlier you invest in a project, the more you will earn.) The goal is to hype the project, make it a trendy meme coin, and make it feel like people are missing out on something big which usually leads to them investing. The more people invest in the project, the more the price goes up.

However, as always, make sure to do thorough research to avoid being scammed! As everywhere else some people are ill-intentioned in the space and meme coins are known for being their target. You should also keep in mind that investors tend to stay on meme coin projects only for a short term. Because of that, it is important, to keep an eye on the market, on the fluctuation of the coin, and mostly, to take profits before the price drops back down. And it can take quite long for it to go back up. With that said, lots of meme coins are still the perfect opportunity for investors to make profits as they can hop in early.

Why is $PEPE so popular?

$PEPE has been implemented in the Ethereum (ETH) ecosystem which is the main ecosystem. That’s where you are sure to find Wales (the biggest investors in the space). Fees are higher, and it isn’t the easiest ecosystem to implement a project on. Therefore, these are major green flags for investors to hop in. When investing in a project in the ETH ecosystem, you need to own some ETH funds and have them available. Because it is quite expensive to trade on the ecosystem and to get some ETH, it creates a niche for people who have that budget. The community then feels privileged to not only be early but also to have private access to that token. All of that will create FOMO (Fear of missing out) in other investors, which will lead to some of them investing despite the high gas fees (transaction fees).

A major turning point for a meme coin (but also for any other altcoins) is to be listed on one or several major Cex (Centralized Exchanges). Centralized Exchanges are regulated and work closely with the traditional banking system. Therefore, this is another proof of the solidity and seriousness of a project. Being listed on a Cex automatically raises the price of the token. Also, lots of investors only invest through CeFi (Centralized Finance), so whenever a token becomes available on a Centralized Exchange they want to hop in ASAP. At that point, more investors can invest in the project, and not only those who are in the ETH ecosystem anymore. This is where those who invested early can make major profits!

As shown on their website, $PEPE is currently listed on the following Cex:

• Gemini
• Binance
• KuCoin
• OKX
• com
• And others

What are its FUNdamentals?

$PEPE wants to reinvent meme coins. They are well aware of how previous meme coins got hyped up and so popular, so they make fun of them and want to do things differently. Despite being in the ETH ecosystem, they aimed to go against conventions and established codes by simplifying the process of acquiring a token.

How to buy $PEPE?

In order to invest in the token, you should own a crypto wallet (centralized or decentralized).

To buy PEPE on a Dex 

If you wish to purchase it on the DeFi space, you’ll need to:

• Have some ETH funds ready
• Add PEPE token to your wallet (with their smart contract address)
• Go on a Dex that supports the ETH ecosystem (such as Uniswap, Sushiswap, 1Inch, Balancer, and others)
• Swap your chosen amount of ETH for some PEPE
• PEPE token will then appear on your wallet

To buy PEPE on a Cex

If you wish to purchase it on the CeFi space, you’ll need to:

• Go on your Cex (such as Gemini, Binance, KuCoin, and others)
• Search for ‘PEPE’ in the search bar
• Click on the pair of your choice (You’ll need to have sufficient funds in the token you’ll want to swap)
• Let’s say you want to swap USDT for PEPE (Select that pair, PEPE/USDT)
• Click on ‘Buy’
• To buy now, select ‘Market’ at the top (under Buy > Sell)
• Select the amount you wish to spend
• A bit below, they’ll show you how many shares of PEPE you will get
• Confirm and ‘Buy’ PEPE

If you wish to set a limit order (set a price at which you’d like to place your order/purchase):

• Follow the above instructions but instead of clicking on ‘Market’ select ’Limit’
• Set the price at which you’d like to place your purchase
• And follow the remaining above steps

You’ll then be an owner of some $PEPE shares!

Other coins inspired by PEPE coin

Noticing PEPE coin’s popularity, some teams decided to create coins inspired by PEPE:

• PepeFork (on the Ethereum (ETH) network)
• Baby Pepe Fork (on the Binance Smart Chain (BSC) network)
• Arbi Pepe (Arbitrum (ARB) network)