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Pepe Coin (PEPE) is a memecoin launched in April 2023 on the Ethereum network, inspired by the popular internet meme "Pepe the Frog." As an ERC-20 token, PEPE emerges as an entertaining alternative to dog-themed memecoins like Dogecoin and Shiba Inu. Without fundamental utility, taxes, or an official roadmap, PEPE is entirely driven by the community and internet culture trends. Pepe has a total supply of 420.69 trillion tokens. Its value is highly speculative and susceptible to market volatility, but it managed to enter the top 100 cryptocurrencies shortly after release. This is a purely entertainment asset, leveraging meme culture and the massive crypto community to gain popularity.
TF 5m → Currently in a small ranging, no strong breakout yet.
Order book sellers are slightly more dominant (51%).
The last 5m candle shows a small rejection above → buyers are not yet strong.