Pepe (PEPE)

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Historical price evolution of Pepe

Daily historical data. Updated automatically.

PEPE has its roots in internet digital culture, where the Pepe the Frog character was created by artist Matt Furie in 2005 as part of the "Boy's Club" comic. The image became one of the most recognisable internet memes during the 2010s, establishing the cultural foundations that would later give rise to the token.

On 14th April 2023, an anonymous team launched PEPE on the Ethereum network, without presale or transaction taxes, with liquidity locked on Uniswap and contract renounced. The token was created with a fixed supply of 420.69 trillion units. Barely two weeks after launch, on 1st May 2023, the market cap exceeded $400 million following the announcement of listing on OKX, at which point PEPE reached its first ATH around $0.0000042.

Growth continued to accelerate when Binance listed PEPE in its Innovation Zone on 5th May 2023, the same day that KuCoin also incorporated the token. With these listings, the market cap exceeded $1,000 million, a milestone that PEPE reached in just 18 days from its launch, whilst Dogecoin had needed almost four years to achieve the same figure.

The project faced its first crisis on 24th August 2023, when three former team members transferred without authorisation 16 trillion PEPE tokens, valued at approximately $15 million, from the multisig wallet to exchanges such as OKX, Binance, KuCoin and Bybit. This action caused a price drop of between 20% and 27%. In October 2023, the team responded by burning 6.9 trillion PEPE tokens, equivalent to around $6 million, and restructured the multisig wallet with new signatories.

In 2024, PEPE achieved greater institutional legitimacy when Coinbase International listed perpetual futures of the token on 18th April, representing the first step towards an eventual spot listing on the largest United States exchange. This process culminated on 13th November 2024, when both Robinhood and Coinbase listed PEPE in spot on the same day, causing a price rise of over 40% in 24 hours. The momentum continued until reaching a historic ATH of $0.00002803 on 9th December 2024, at which point the market cap exceeded $11,000 million, placing PEPE amongst the 20 largest cryptocurrencies by capitalisation. Subsequently, on 8th April 2026, Canary Capital filed an S-1 form with the SEC for the first PEPE spot ETF in the United States, an application that is currently under review.

PEPE functions as a standard ERC-20 token on the Ethereum blockchain, fully inheriting its security and validation infrastructure based on Proof-of-Stake. This means that each PEPE transaction depends on Ethereum validators for confirmation, so fees and processing times fluctuate according to main network congestion. The token has a fixed supply of 420.69 trillion units with no possibility of additional issuance, established from its creation through a smart contract that was renounced at launch, eliminating any capacity for subsequent modification by the developers.

The initial distribution allocated 93.1% of the tokens to a liquidity pool on Uniswap with the LP tokens burnt to guarantee permanent liquidity, whilst the remaining 6.9% was reserved in a multisig wallet to facilitate future listings and liquidity pools on other platforms. The trading mechanism is direct without applying taxes on purchases or sales, and voluntary burns have been periodically executed that reduce the circulating supply. Lacking declared technical utility, functional use case or governance mechanisms, PEPE's value derives exclusively from speculative market demand and cultural recognition associated with the Pepe the Frog meme, functioning as a purely memetic asset without underlying cash flows.

Data verified against external sources. Some values may have changed since the last update.