Pepe (PEPE) perpetual market

Pepe is an Ethereum-based memecoin launched in April 2023, themed around the Pepe the Frog internet meme. It has no formal utility, roadmap or intrinsic cash flow; it is a purely community- and culture-driven token that rose on social-media attention and speculative trading. Pepe quickly became one of the largest memecoins by market value, reaching a multibillion-dollar valuation within weeks of launch and helping reignite the memecoin trend that had cooled since the 2021 cycle. Its supply is very large, so each token is priced at a tiny fraction of a cent, and the project leans into meme branding rather than technology. Pepe is highly volatile and driven by sentiment, and it stands as a leading example of the memecoin category, where value derives from attention, community and virality rather than fundamentals. On this venue it trades as a thousand-token contract.