Pepe Coin Price Action: A Beginner’s Guide

Pepe (PEPE) is a meme coin that launched in April 2023 on the Ethereum blockchain. The now popular meme coin was created to pay homage to the 'Pepe the Frog' internet meme created by Matt Furie in his cartoon 'Boy's Club' in 2005.

The Pepe meme coin provides an alternative to other well-established meme coins, such as Dogecoin and Shiba Inu, differentiating itself from its peers via its distinctive features, which include a deflationary system, a clear lack of utility, a no-tax policy, and a redistribution mechanism.

In this guide, we will take a look at the Pepe meme coin’s price action since inception.

Before You Get Started

Like other digital currencies, the PEPE cryptocurrency can be stored and managed in a secure crypto wallet like Trust Wallet. Before we take a closer look at PEPE’s coin, remember that you can buy, sell, swap, manage PEPE coins using Trust Wallet.

Trust Wallet can be downloaded as a mobile app, or you can install the Trust Wallet Extension for your desktop browser. For this guide, we'll focus on creating a new wallet using the Trust Wallet mobile app.

Get the most updated version of Trust Wallet

Below you’ll see the steps to create a new wallet, but you could just as easily import an existing Web3 wallet to Trust Wallet, if that’s your preference.

To create a new wallet:

• Download, install and then open Trust Wallet

• Choose “Create a new wallet”.

• Choose your backup option, or you can optionally postpone the backup process by choosing “Skip”.

• Start using Trust Wallet.

How to Buy PEPE with Trust Wallet

• Select “Buy” from the home screen

• Search for “PEPE” and select it.

• Choose the currency you want to use, then enter the amount of PEPE you want to purchase.

• Select the third party provider & payment method you’d like to use.

• Select the Buy button and complete the remaining steps.

Historical Price Action of Pepe Coin

Pepe coin, at launch on April 15, 2023, was worth around $0.000000001. But even without an official roadmap or team, the Pepe coin price surged to an all-time high of $0.000004354 in May 2023, according to data on CoinMarketCap.

This price surge caused the PEPE coin to grab a spot among the top 100 cryptocurrencies only two weeks after its launch.

In addition, 20 days after its launch, Pepe coin's market capitalization reached a high of $1.6 billion, a feat the meme coin achieved without an airdrop, initial coin offering (ICO), or token presales.

However, since its all-time high value in May, the Pepe coin price began a downward trend.

By the end of June 2023, the meme coin experienced a significant price hike before its value decreased. And it wasn't until October 2023 that the Pepe coin price began to see a significant price surge.

By late November 2023, Pepe's price surged to $0.000001186 from a four-month-long downtrend, almost doubling its market capitalization from nearly $244 million to $500 million. This uptick was a result of increased on-chain activity and trading volumes. The recent bullish crypto market has also contributed positively to Pepe coin’s price surge.

Since its launch, there have been several factors that have historically influenced Pepe coin's price.

The meme coin built a strong and loyal community that rallied behind it, achieving notable price movements and community milestones. For example, the meme coin’s team also created and launched Pepe-themed merchandise for its community, increasing its popularity.

However, the most significant contributing factor was the Pepe coin's listing on major crypto exchanges such as Binance, Kraken, KuCoin, and Uniswap, which hugely impacted its adoption and growth.

Where to Check Pepe Coin's Current Price

There are various platforms that PEPE holders can use to check and monitor the current price of Pepe coin. Cryptocurrencies, including meme coins, typically come with high price volatility. Therefore, investors must be able to accurately monitor the prices of cryptocurrencies like Pepe coin.

One such platform is the Trust Wallet app.

Trust Wallet is a Web3 crypto wallet that can buy, manage, sell, stake, or swap over 10M+ digital assets. With Trust Wallet, users can securely explore and experience various decentralized applications (dAps) in the Web3 ecosystem thanks to the Trust Wallet Security Scanner.

CoinMarketCap, on the other hand, prides itself in being the “world's most-referenced price-tracking website for crypto assets.” The platform was created in May 2013 by Brandon Chez and provides up-to-date cryptocurrency prices, data, and charts in the rapidly growing cryptocurrency industry.

People can use the Trust Wallet app and CoinMarketCap to check Pepe coin's accurate and real-time price data.

To get Pepe coin's current price using Trust Wallet, visit the 'Settings' page and turn on the 'Price Alerts' function, then add Pepe Coin to the list of your favorite cryptos. This way, you will get notifications for any Pepe coin price changes.

On the other hand, CoinMarketCap has a free crypto API that investors can use to get accurate, real-time historical cryptocurrency and exchange trading data. It's important to note that the CoinMarketCap API is a paid-for service and is thus ideal for professional investors or traders.

Regardless of which platform you choose to keep track of cryptocurrency prices, you must use a reliable source to stay alert in a market primarily driven by sentiment.

Understanding Price Volatility in Cryptocurrencies

Since cryptocurrencies are largely speculative assets, their prices are influenced by media hype, investor sentiments, community activity, government regulations or lack thereof, and, of course, supply and demand.

Pepe coin, being a meme coin, is not spared from the high levels of volatility found in the crypto asset market.

As a meme coin cryptocurrency, its price movements can also be impacted by various factors such as competition from other meme coins, market sentiments, technical issues or developments, and regulatory concerns.

All the different market dynamics play a crucial role in the price of Pepe Coin. Since its launch, the Pepe coin has experienced price fluctuations, which is common with other cryptocurrencies. The vast dynamics of the cryptocurrency market, which are both multifaceted and complex, play an active role in determining the price of various meme coins like the Pepe coin.

The price of bitcoin (BTC) generally impacts and influences the price of all other cryptocurrencies, which is also the case for Pepe. For instance, the recent surge in bitcoin’s price has also caused meme coin prices to rise, signaling a potential price rally for the Pepe token.

Key Considerations for Tracking Pepe Coin

As a PEPE holder, there are various ways that you can monitor or keep track of Pepe coin's price action.

For starters, you can set price alerts. You can use the Trust Wallet app to set the price alert for Pepe coin.

Secondly, you can also follow news updates. Popular price tracking websites like CoinMarketCap can provide you with all the news about Pepe coin. Major crypto publications can also offer insights on the Pepe token price so that you stay up-to-date.

When tracking the Pepe coin price, you must understand crypto market trends and how they can potentially impact Pepe coin. For instance, if the overall crypto market sentiment is positive, the price of Pepe coin may rally. However, if the market experiences a correction, the Pepe coin price might drop significantly.

Staying Informed About Pepe Coin

As a cryptocurrency, the Pepe coin price action can be affected by different market dynamics, including competition from other meme coins, overall crypto investor sentiment, regulatory concerns, lack of adoption, and more.

Investors need to stay informed about Pepe coin because of how speculative the crypto market is and how fast prices fluctuate.

Be sure to do your own research (DYOR) and exercise caution when investing in meme coins or other digital assets. Remember, you can buy, manage, and store your PEPE tokens alongside 10+ million digital assets in Trust Wallet.

Frequently Asked Questions

What is Pepe Coin and when was it launched?

Pepe Coin (PEPE) is a meme coin created to pay homage to the 'Pepe the Frog' internet meme. It was launched in April 2023 on the Ethereum blockchain.

How does Pepe Coin differ from other meme coins like Dogecoin and Shiba Inu?

Pepe Coin differentiates itself with unique features such as a deflationary system, lack of utility, a no-tax policy, and a redistribution mechanism, setting it apart from other well-known meme coins like Dogecoin and Shiba Inu.

What has been the historical price action of Pepe Coin since its launch?

Pepe Coin initially launched at a value of approximately $0.000000001 and saw a significant surge to an all-time high of $0.000004354 in May 2023. It experienced fluctuations thereafter, with notable increases in its market capitalization and trading volumes.

Where can I check the current Pepe Coin price?

• Open Trust Wallet and type “Pepe” in the search bar, located on the home screen

• Select PEPE and tap on the “Current PEPE price” section to reveal its current price

What should I consider while tracking Pepe Coin’s price?

When tracking Pepe Coin, consider the overall cryptocurrency market trends, set price alerts, follow crypto news updates, and understand how market sentiments and external factors like regulatory changes can impact its price. It's also important to conduct your own research and exercise caution when investing.

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Note: Any cited numbers, figures, or illustrations are reported at the time of writing, and are subject to change.