PEPE Meme Coin Price Skyrockets by 7,000% in Just 17 Days

PEPE is a deflationary meme cryptocurrency launched in April 2023 on the Ethereum blockchain. It's inspired by the iconic 'Pepe the Frog' meme from the internet and has no inherent utility or expectations of financial returns.

The coin's price skyrocketed by almost 7,000% in just 17 days after its launch, reaching a market cap of approximately $1.8 billion on May 5, 2023, according to CoinGecko data.

Meme coins like PEPE are an example of how online culture and community attention can create volatility in the digital-asset markets. They often exist at the intersection of internet humor, community identity, speculation, and market infrastructure.