What is PeiPei (ETH)? Pepe The Frog with a Chinese Touch
2024-08-02Bittime - PeiPei (ETH) is a meme coin that combines the charm of Pepe the Frog with a touch of Chinese culture. This article will discuss more about what PeiPei (ETH) is, the details of the project, as well as the market performance of the PEIPEI token to date.
What is PeiPei (ETH)?
PeiPei (ETH) is a meme coin that aims to combine the spirit of meme culture with the dynamic world of cryptocurrency. Inspired by the famous character Pepe the Frog, PeiPei comes with a unique Chinese twist to shake up meme culture on the internet.
Launching with no presale, no purchase taxes, and no restrictions, PeiPei wants to bridge the gap between Asia and the West in the crypto world. This coin is not just a meme, but a cultural movement in the world of cryptocurrency.
PeiPei (ETH) Project Details
PeiPei's journey in the crypto market has been a journey full of twists and turns. The coin reached a market capitalization of more than $100 million (Rp. 1.62 trillion) at its peak, with its value increasing more than 100 times from its lowest point.
However, PeiPei's journey has not always been smooth. The project faced major obstacles when the original developer withdrew from the community.
This caused the market capitalization to plummet from $2 million (Rp. 32.4 billion) to just $50,000 (Rp. 810 million). However, the PeiPei community did not give up.
They took over, rebuilt the project from scratch, and even launched an animated series to breathe new life into PeiPei.
What is Token PEIPEI?
The PeiPei token (PEIPEI) is used primarily for trading within the Ethereum ecosystem. The zero-tax policy on purchase transactions makes it an attractive option for traders who want to maximize their profits.
Seamless integration with the Ethereum infrastructure ensures fast and efficient transactions, appealing to both novice and experienced traders.
Apart from trading, the PEIPEI token also plays an important role in driving community engagement. Token holders can participate in various community-driven activities, increasing the visibility of the project and its presence in the market.
As PeiPei continues to grow, the token is expected to become a central asset for those looking to be part of the growing meme coin landscape on Ethereum.
Tokenomics PEIPEI Token Supply
PeiPei has a total supply of 1 billion tokens, but only 572 million tokens are circulating in the market. The rest are locked forever because they were bought by bots at launch and then blacklisted.
This token also has a 2% transaction tax on purchases and sales. This is used to fund ongoing development and marketing efforts.
PeiPei (ETH) Market Performance
PeiPei currently ranks #395 in cryptocurrency market capitalization. PeiPei price hovers around $0.0000002045 (Rp 0.003) in USD.
These tokens are traded primarily on Uniswap v2, a decentralized exchange that allows users to exchange tokens without intermediaries.
At its peak, PeiPei's market capitalization exceeded $100 million (Rp. 1.62 trillion), an astronomical rise from its all-time low.
PeiPei's on-chain liquidity exceeded $2 million (Rp. 32.4 billion), and 24-hour trading volume reached $11.4 million (Rp. 184 billion). These numbers highlight PeiPei's potential despite its checkered history.
PeiPei faced significant challenges when its previous developer betrayed the community, causing its market capitalization to plummet from $2 million (Rp. 32.4 billion) to $50,000 (Rp. 810 million).
However, with high fighting spirit, the community took over the project. They rebuilt it from the ground up, and even added an animated series featuring PeiPei.
Conclusion
PeiPei (ETH) has shown great potential as a meme coin in the Ethereum ecosystem. With strong community support, a no purchase transaction tax policy, and good integration with Ethereum infrastructure, PeiPei offers exciting opportunities for traders and investors.
Despite facing huge challenges, the community's fighting spirit has transformed PeiPei into a project full of energy and creativity.
That is the discussion about what PeiPei (ETH) is. Hopefully this article can help you to know more about this meme coin, OK?
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