Pepe (PEPE) is a cryptocurrency token created on the Ethereum platform, launched in 2017. As of the latest data, the price of Pepe stands at $0.0000098 USD, reflecting a decrease of 6.52% over the past 24 hours. The trading volume for PEPE during this period reached $13,783,728, indicating active market participation.
Current Market Performance
The opening price for Pepe was $0.0000101, and the current price represents a decline of 3.33% from that level. After a brief recovery to $0.0000103, the token faced resistance and was unable to sustain further upward momentum. Compared to the highest price recorded over the past 30 days, PEPE has decreased by 27.56%, while it has increased by 16.97% from the lowest point in the same period.
The all-time high for PEPE was $0.0000262, and the current price is down 62.65% from that peak. Over the past 52 weeks, the token has traded between a low of $0.0000053 and a high of $0.0000282.
Key Metrics and Rankings
Pepe boasts a circulating supply of 420,689,899,999,990 tokens, ranking it 32nd among cryptocurrencies by market capitalization. The current market cap is approximately $4,118,874,309. PEPE is traded on 59 exchanges, providing ample liquidity and access for investors.
When compared to other cryptocurrencies launched in the same year, PEPE demonstrates above-average trading volume. The average trading volume for the 1,524 cryptocurrencies launched in 2023 is $3,969,949, while PEPE's volume is significantly higher at $13,783,728.
Price Data and Volatility
| VS | 1 Hour | 24 Hours | Week | Month | Year |
|---|---|---|---|---|---|
| USD | +0.16% | -6.52% | +6.65% | -20.48% | -7.25% |
| BTC | +0.94% | -5.92% | +4.88% | -23.12% | -48.36% |
| ETH | +0.52% | -4.69% | +1.18% | -18.06% | +21.17% |
The 24-hour trading range for PEPE is between $0.0000096 and $0.0000106, highlighting the token's volatility within a short period.
Market Capitalization and Fully Diluted Valuation
The fully diluted valuation (FDV) is calculated by multiplying the total supply by the current price. If the total supply is unavailable, the maximum supply is used instead. This metric provides insight into the potential market cap if all tokens were in circulation.
Wealth Distribution Analysis
The distribution of PEPE tokens among holders reveals interesting patterns. The top 10 addresses hold 37.56% of the total supply, indicating significant concentration. The next 90 addresses control 34.33%, while smaller holders (addresses 101-1000) possess 17.51%. The remaining 10.60% is distributed among other addresses.
It is important to note that some of the top addresses may belong to cryptocurrency exchange wallets, which hold tokens on behalf of multiple users.
Pepe Contract Address: 0x6982508145454Ce325dDbE47a25d4ec3d2311933
Comparative Wealth Distribution
When compared to other cryptocurrencies, PEPE's wealth distribution shows a relatively high concentration among large holders, which is common in many digital assets.
Blockchain Statistics and Network Activity
Over the past 24 hours, there were 7,092 transactions involving PEPE, averaging 295.50 transactions per hour. The number of token holders stands at 426,035, with a total of 4,720,696 token transfers recorded to date.
The top 100 wealthiest addresses hold 302,990,081,879,040 PEPE tokens, valued at approximately $3 billion, representing 72% of the total supply.
ROI and Volatility Metrics
PEPE's return on investment (ROI) and volatility metrics provide valuable insights for potential investors:
- 3-Month ROI: +37.39%
- 6-Month ROI: -53.03%
- 12-Month ROI: +2.37%
- 3-Month Volatility: 56.86%
- 6-Month Volatility: 85.19%
- 12-Month Volatility: 122.39%
- Maximum Drawdown: -81.14%
- Consecutive Profitable Days: 49.47%
These metrics highlight the high-risk, high-reward nature of investing in PEPE, with significant price swings over various time frames.
Technical Analysis Overview
Technical indicators offer additional perspectives on PEPE's market position:
- RSI (14): 49.54 (Neutral)
- Commodity Channel Index (20): -14.23 (Neutral)
- Average Directional Index (14): 49.24 (Neutral)
- Williams Percent Range (14): -40.79 (Neutral)
- Ultimate Oscillator: 49.24 (Neutral)
Moving averages largely suggest a selling sentiment across various time frames, with both simple moving averages (SMA) and exponential moving averages (EMA) indicating downward pressure.
Trading Activity Insights
Over the past 30 days, there have been 188,192 PEPE transactions, averaging 6,273.07 transactions per day. This level of activity demonstrates sustained interest in the token despite price fluctuations.
For those looking to track real-time market movements, understanding these patterns is crucial for making informed decisions.
Social Media Presence and Market Sentiment
While specific Twitter statistics are not provided in the original data, social media activity often correlates with cryptocurrency price movements. PEPE, being a meme-inspired token, likely generates significant discussion on platforms like Twitter, Reddit, and specialized crypto forums.
Market sentiment for meme coins like PEPE can be highly influenced by social media trends, celebrity endorsements, and broader cultural phenomena, making them particularly volatile compared to fundamental-driven projects.
Comparable Cryptocurrencies
When evaluating PEPE, it's helpful to consider similar cryptocurrencies in the meme coin category. These tokens often share characteristics such as community-driven development, high volatility, and sensitivity to social media trends. Investors should carefully assess their risk tolerance before allocating funds to such assets.
To explore additional trading strategies for volatile assets like PEPE, consider utilizing advanced charting tools and risk management techniques.
Frequently Asked Questions
What is Pepe (PEPE) cryptocurrency?
Pepe is an Ethereum-based token launched in 2017, inspired by the popular internet meme. It operates as a community-driven digital asset with a focus on cultural relevance rather than technological innovation, typical of many meme coins in the cryptocurrency space.
How can I buy PEPE tokens?
PEPE tokens are available on numerous cryptocurrency exchanges. You'll typically need to create an account on a supporting exchange, complete verification procedures, deposit funds, and then execute a buy order for PEPE. Always ensure you're using reputable platforms and practice secure storage methods for your tokens.
What factors influence PEPE's price?
As a meme coin, PEPE's price is heavily influenced by social media trends, community sentiment, celebrity endorsements, and broader cryptocurrency market movements. Unlike fundamental-driven projects, its value derives primarily from cultural relevance and speculative trading rather than technological utility or adoption metrics.
Is PEPE a good investment?
Meme coins like PEPE carry significant risk due to their high volatility and speculative nature. While they can generate substantial returns during bull markets, they're equally prone to severe downturns. Investors should only allocate funds they're prepared to lose and consider such investments as highly speculative additions to a diversified portfolio.
How does PEPE's volatility compare to other cryptocurrencies?
PEPE exhibits higher volatility than many established cryptocurrencies like Bitcoin or Ethereum. With 12-month volatility exceeding 122%, it experiences more dramatic price swings than the broader crypto market, which is characteristic of meme coins and smaller market cap tokens.
What's the difference between circulating supply and total supply?
Circulating supply refers to tokens currently available and trading in the market, while total supply includes all minted tokens, including those locked, reserved, or not yet released. For PEPE, the circulating supply is 420,689,899,999,990 tokens, with no significant difference between circulating and total supply reported.