$PEPE is a meme-inspired cryptocurrency token that has gained significant attention in the cryptocurrency market. It is named after the popular internet meme character, Pepe the Frog.

The PEPE token was launched in 2022 and is built on the Ethereum blockchain. It is a decentralized, community-driven cryptocurrency that aims to capitalize on the popularity of the Pepe the Frog meme and the growing interest in meme-based digital assets.

One of the key features of PEPE is its deflationary tokenomics. The token has a maximum supply of 420 billion PEPE, and a portion of the tokens are burned with each transaction, reducing the overall supply over time. This is intended to create scarcity and potentially drive up the value of the token.

PEPE has gained a significant following among cryptocurrency enthusiasts and meme-coin investors. The token has been listed on various decentralized exchanges and has experienced significant price volatility, with its value fluctuating based on market sentiment and the popularity of the Pepe the Frog meme.

While PEPE is primarily a speculative investment, it has also been used for various community-driven initiatives, such as funding charitable causes and supporting the development of Pepe-themed artwork and merchandise.

Overall, PEPE is a unique and highly speculative cryptocurrency that has captured the attention of the crypto community, particularly those interested in meme-inspired digital assets.