PEPE

Pepe

Meme

A pure meme token on Ethereum: fixed supply, no team, no revenue, deep exchange liquidity and big swings.

Liquid pure speculation v1.2 · as of 2026-10-20 · framework v1.13 Coinsight · all analyses
Bottom line

PEPE is a standard ERC-20 with a fixed 420.69T supply, no tax, no mint and no product: its only use is trading, and the project says so itself. That makes most of the framework (team, roadmap, fees, burn) not applicable, and the score rests on liquidity, supply mechanics and price. Price is −36% over a year and −84% from the Dec 2024 ATH, but has nearly doubled from the 1 Jul 2026 low of $0.000002323. It trades as a high-beta bet on memecoin sentiment, not as a stake in a working network.

Scorecard (1–5)
Project
Token performance
Tokenomics
Price
$0.000004560
+9.6% 24h · +14% 30d · CoinGecko 20 Oct
Market cap
$1.92B
rank #53 · FDV $1.92B
24h volume
$508.9M
26.5% of market cap
From ATH
−84%
ATH $0.00002803, Dec 2024
2026 YTD
+13%
$0.000004032 → $0.000004560
Volume / cap
26.5%
$508.9M traded in 24h · CoinGecko 20 Oct

The last 12 months

$2/M$4/M$6/M$8/M$10/MOct 25NovDecJan 26FebMarAprMayJunJulAugSepOctNov2025-10-27: $7.325e-06$7.33/M peak2026-07-01: $2.323e-06$2.32/M low2026-10-20: $4.56e-06$4.56/M112-month high, $0.0000073252−45% slide into December3+78% New Year meme rally4Year low, $0.0000023235+60% in three days6September high, $0.0000049777+9.6% day, $0.000004568No scheduled events
MarketUpcoming

Daily closes from CoinGecko, 21 Oct 2025 to 20 Oct 2026. The chart shows US dollars per million PEPE (/M): $4.56/M today is $0.00000456 per token.

Key events
  1. 1
    27 Oct 25 12-month high, $0.000007325. Highest daily close of the window, just after the October market sell-off.
  2. 2
    02 Dec 25 −45% slide into December. Price fell to $0.00000405 as risk appetite for memecoins faded.
  3. 3
    05 Jan 26 +78% New Year meme rally. From $0.000004032 on 1 Jan to $0.000007194 in four days, then faded within weeks.
  4. 4
    01 Jul 26 Year low, $0.000002323. End of a slide from $0.000004337 in mid-May; −68% from the October high.
  5. 5
    22 Aug 26 +60% in three days. From $0.000002583 on 19 Aug to $0.000004122, a typical sector-rotation burst.
  6. 6
    23 Sep 26 September high, $0.000004977. Second leg of the rebound; daily closes have stayed above $0.000003824 (9 Oct) since.
  7. 7
    20 Oct 26 +9.6% day, $0.00000456. Back near the top of the range; +14% over 30 days.
  8. 8
    Open No scheduled events. No upgrades, unlocks or votes are announced; the next moves depend on market and whale flows.

How one PEPE trade flows on Ethereum

Buyer
Wallet holds ETH

Any Ethereum wallet; no sign-up or project app.

Uniswap V2
Swaps ETH for PEPE

The PEPE/WETH pool prices the trade from its reserves.

Ethereum
Validators confirm

Gas is paid in ETH, not PEPE.

PEPE contract
Plain ERC-20 transfer

No tax, no mint, no burn; balances just move.

Arbitrage bots
Align with CEX price

Most volume is on Binance and other CEXs; bots keep the pool in line.

Where PEPE comes in: only as the thing being traded. It is never used to pay fees, never burned and never minted, so the framework's value-accrual question has a simple answer: none. Demand is purely speculative.

Usage and adoption

PEPE trading volume by venue type, USD in 24h (20 Oct 2026)
Smaller exchanges
$503.1M
Other major CEXs
$123.2M
Binance
$80.9M
DEXs (Uniswap, PancakeSwap)
$4.0M

The usual mint-vs-burn view does not apply: PEPE has no emissions, fees or burn. This chart shows where the token trades instead, from CoinGecko's top 100 tickers on 20 Oct (unadjusted; they sum to $711.2M vs CoinGecko's $508.9M headline). Major CEXs = OKX, Bybit, Coinbase, Kraken, Upbit, KuCoin, Gate, Bitget, Bithumb, HTX, MEXC, Crypto.com, Bitstamp. Smaller venues likely include low-quality volume; FameEX alone reports $197.2M. DEX share is ~0.6%.

  • weak signal
    Protocol revenue
    None

    No fees, burn or treasury. The paid-usage test does not apply to a pure meme coin.

  • medium signal
    24h volume
    $508.9M

    26.5% of market cap (CoinGecko). Speculative turnover, not usage, but it shows the token is easy to trade.

  • medium signal
    DEX share of volume
    ~0.6%

    Uniswap V2 PEPE/WETH ~$3.7M of $711.2M in top tickers. Price is set on centralized exchanges.

  • medium signal
    Trading venues
    70

    Distinct venues in CoinGecko's top 100 PEPE tickers, incl. Binance, Coinbase, Kraken, Upbit.

  • weak signal
    Watchlist users
    ~395k

    CoinGecko watchlists and portfolios. Attention, not holders.

PEPE has no usage in the framework's sense: nothing is paid for and nothing is burned. Its 'adoption' is exchange coverage and turnover, both strong, almost all on centralized venues. The useful scoreboard is volume quality, holder concentration and memecoin sector flows.

Project

What it is
A meme token named after Pepe the Frog, stealth-launched on Ethereum on 14 Apr 2023. CoinGecko's profile states it "can be used to speculate on the power of memes, and does not pretend to be anything more".
Team
Anonymous; no company, foundation or treasury. The usual team assessment does not apply: there is nobody whose execution the price depends on, which also means nobody accountable.
Technology
Plain ERC-20 with zero transfer tax, an immutable contract and launch liquidity locked. Bridged copies exist on BNB Chain, Arbitrum and Avalanche. Nothing differentiates it technically.
Traction
Listed on Binance, Coinbase, Kraken, OKX, Bybit, Upbit, Bithumb and Bitstamp by Robinhood, among 70 venues in CoinGecko's ticker list. ~395k CoinGecko watchlist users. Rank #53 by market cap.
Competitors
DOGE and SHIB as older memes, newer Solana and Base memecoins that pull attention in each rotation, and leveraged perps on the same names.
Key risks
Aug 2023 multisig incident: about 16T PEPE (~3.8% of supply) was moved to exchanges after the signing threshold was cut, which the remaining team blamed on former members. Holder concentration is unverified this run. Price follows memecoin sector flows, not fundamentals.
Roadmap
None, and the framework does not apply here. CoinGecko's profile lists only community plans (a token-gated group and a newsletter); no upgrades, unlocks or votes are announced.

Token performance

1-year return (21 Oct 2025 → 20 Oct 2026, CoinGecko)
PEPE
-36%
BTC
-25%
ETH
-39%

PEPE lagged BTC and roughly matched ETH over 12 months. Over 3 years it is up roughly +550% (from ~$0.0000007 in Oct 2023), well ahead of BTC (+179%) and ETH (+53%); the Oct 2023 starting price is a manual estimate that could not be cross-checked against a dated source this run, so treat the 3-year figure as approximate.

Range 2026
$0.000002323 low (1 Jul) to $0.000007194 high (5 Jan), daily closes; now $0.00000456 ($4.56 per million PEPE)
12-month drawdown
−68%, from $0.000007325 (27 Oct 2025) to $0.000002323 (1 Jul 2026)
Liquidity
$508.9M traded in 24h, 26.5% of market cap; rank #53. Under 1% of volume is on DEXs
Relative strength
−36% in a year vs BTC −25% and ETH −39%; +13.1% YTD and +96% off the July low
ATH check ATH check passed. The $0.00002803 high (9 Dec 2024) came about 20 months after launch, not in the first 90 days, so it is a cycle high rather than a launch spike and is used as the reference. Price is −84% below it.

Tokenomics

Supply
420.69T PEPE, all circulating; market cap equals FDV at $1.92B.
Inflation
Zero. The contract has no mint function, so there are no emissions to offset.
Unlocks
None scheduled. At launch 93.1% went to the liquidity pool and 6.9% to a multisig for exchange listings; much of that reserve was moved in the Aug 2023 incident.
Utility
None beyond trading and collateral on some venues. No fees, governance or staking role.
Concentration
The top 10 Ethereum addresses hold ~41% of supply, many of them exchange hot wallets (MEXC tokenomics page, an aggregator figure); a few large whale wallets move the price.
Sinks
None: no burn, staking, buybacks or treasury. No ETF holdings verified.

Bull case

Memecoin rotation keeps favouring the large, liquid names; price holds above the $0.000003824 October low and retakes the $0.000004977 September high, opening a move toward the $0.000007194 January high.

Bear case

Risk appetite fades and memes are sold first; a high-beta token with no buyers of last resort gives back the August and September rallies and retests the $0.000002323 July low, −49% from here.

Watch before the next re-run

  • Memecoin sector flows and PEPE performance vs BTC
  • Large transfers from whale and exchange wallets (Etherscan, Arkham)
  • Volume quality: share on Binance, Coinbase, Upbit vs small venues
  • $0.000004977 September high and the $0.000002323 July low

Where to trade

Krakenlisted

PEPE against EUR · USD · AUD · CAD · GBP

24h $2.52M · ±2% depth $734.8k

OKXlisted

PEPE against EUR · USDT · USDC · BRL · TRY

24h $15.8M · ±2% depth $1.19M

Largest exchanges

Exchange24h vol±2% depth
BinancePEPE/USDT$38.2M$3.16M
GatePEPE/USDT$15.1M$1.46M
OKXPEPE/USDT$14.5M$1.19M
KuCoinPEPE/USDT$11.5M$214.3k
BybitPEPE/USDT$6.79M$1.09M

Deepest DEX pools

Pool24h vol±2% depth
Uniswap V2PEPE/WETH · Ethereum$1.97M$1.28M
Uniswap V3CLPEPE/WETH · Ethereum$18.8k$102.9k
PancakeSwap V3CLPEPE/USDT · BSC$35.4k$2.65k

Pool size (TVL), fee tier and fee APR are not in yet: they need DefiLlama, which this setup cannot reach so far. CL = concentrated liquidity (higher fees, more impermanent-loss risk).

On-chain share of all PEPE volume: 0.5%.

As of 21 Oct 2026 · CoinGecko tickers (24h volume, ±2% depth). ±2% depth is the money it takes to move the price 2% either way: the real size of a market. Exchanges ranked by volume among well-known venues; pools by depth. Not investment advice.

Where to follow

Official
People on X
Code and governance
Data