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PEPEmania: PEPE-based tokens surging up to 450% in just 24 hours — top-5 “frog” projects analysis

Andrew Zhoao

News editor

May 5, 2023 at 07:14

The hype around meme coins against the backdrop of the continuing alt season is growing at a rapid pace. And the leaders in this race are tokens inspired by the “Pepe the Frog” meme. However, the long-term value of these meme tokens remains in doubt, which makes many investors cautious about them. Despite this, we have compiled a list of the top five PEPE tokens based on their growth potential over the past 24 hours, up to 450%.

“The original Pepe”: PepeCoin Cryptocurrency (+450%) 

The official Twitter page of the token says that it is “The original Pepe”. It is stated that the creation date is 2016, but according to the charts on CoinMarketCap, it was launched on May 1, 2023.

PepeCoin Cryptocurrency to USD chart
PepeCoin Cryptocurrency to USD chart

There is almost no information on the website or Twitter, which is odd given the stated founding date. The description says the following:

“We love PepeCoin. Really we are the PepeCoin. Imitation is the highest form of flattery, but we didn’t begin this in 2016 to stop now. We’re bringing OG Crypto Culture to the DeFi Degens, Fundamentals are back”

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A DeFi Degen, or decentralized finance degenerate, is a trader interested in risky, niche, unaudited crypto projects. DeFi Degens often focus their investment on meme tokens and joke projects, and the term is often associated with pump and dump price schemes. That is, the creators do not hide the fact that you can only invest in their assets at your own risk.

What else you can pay attention to on the site is that the token is based on ERC and has a total supply equal to 133,769,420. Here is what else is known about the asset:

  • Ticker: PEPE. Which is very strange because at least one more meme coin has the same designation. It also made it to the top. Read about it below.
  • No tax.
  • No max transaction.
  • No max wallet.
  • 4.20 ETH in initial liquidity (whatever that means).

That’s it. Probably, the creators think this is enough to invest in PepeCoin cryptocurrency. Nevertheless, the asset’s trading volume rose 690% in the last 24 hours to $14,435,254. Apparently, to take a bite out of PEPEpie, people are willing to take risks. Do that after careful analysis and research, but as we see here, there is nothing to research. There’s not even a whitepaper. So, let’s move on.

For the people who missed PEPE: PEEPO (+236%)

“Pepe is a smaller, cuter, more wholesome version of Pepe [the coin we will talk further]” states the description of the project.

According to the creators, Peepo was created for the sole purpose of helping PEPE become the king of memes. They say, “Like Dogecoin has Shiba Inu, Pepe has Peepo,” but SHIB is just not inspired by DOGE but rather its rival. 

According to CoinMarketCap, a total of 69,420,000,000,000 PEEPOs were issued. Of these.

  • 80% of the tokens were allocated to the liquidity pool.
  • LP tokens were burned.
  • Contract ownership was renounced.
  • The remaining 20% is being held in a multi-signature wallet only to be used as tokens for future CEX listings, bridges, liquidity pools, and general development.

The token was launched on April 25, 2023, and has been growing relentlessly ever since. Thus, since the launch of the asset, the growth has been almost 6000%. At the time of writing, PEEPO is trading at $0.0000002731, up 211,86% from a day ago.

PEEPO to USD chart
PEEPO to USD chart

At this value, the token has a market capitalization of $19,421,897. However, this data is unconfirmed and declared by the creators themselves.

As for the growth of the asset, today it is explained by the fact that Pepe was listed on the LBank exchange. Trading is already open. In addition, on May 5 and 6, the MEXC Global community will also vote to add Peepo to the platform. The event will be accompanied by an airdrop.

Token with Viking origins: Froki (+207%)

Froki is a token inspired by the popular Floki coin and, as you have already realized, Pepe. According to the description, it is a new asset (launched on the day of writing) on ERC-20, created to “to raid and slay all other Pepe tokens.”

The project functions at the expense of the community. And, according to the creators, all they had to do was provide users with “a fully secure and pump-ready blueprint project” and then just watch it grow.

“Froki will lead a direct campaign to achieve a specific crypto market cap goal. And help restore your portfolio with a perfect memecoin blueprint. No goal other than the moon is in community’s mind,” they stated.

The tokenomics of the project mean that the users will not be charged a tax on either selling or buying tokens. A total of one million Froki are in circulation, which makes the asset valuable given the shortage in the market. So, as of this writing, the token is trading at $2.60, up 199,07% from a day ago.

Froki to USD chart
Froki to USD chart

All in all, given that the token just came out, it hasn’t had time to prove itself yet. And how things will go in the near future is not at all clear. But the creators have a plan to develop the project, so there is a chance that it will evolve. But first, do your own research. Although the project is similar in name to the popular Floki, it is very different from it.

Just The Frog (+146%)

Despite the lack of a PEPE reference in the name, this token is also dedicated to “the greatest amphibian superstar, Pepe the Frog.” Thus, according to the creators, the asset pursues the overall goal of this wave of assets, namely “Make memecoins great again.”

Technically speaking, it is a fully decentralized platform that, according to the creators, represents the true spirit of blockchain technology.

The token is issued in a small quantity, which is extremely unusual for meme tokens — only one million coins. Each transaction involves a 4% tax write-off, of which 2% goes to the PEPE deployer wallet. In addition, the owners gave up ownership of the coattail and permanently burned liquidity, which was done for security purposes.

In general, the creators of The Frog position their token as “the number on PEPE’s friend.”

“We are still the number one fren of PEPE, the missing piece of their ecosystem, fueling their marketing with useful funds,” they say.

The Frog may be doing fine as a support for PEPE, but as a standalone asset, it cannot boast of any gains. The current bullish rally came after a long decline. The token was launched in 2023 and has since lost more than 80% of its starting amount. Thus, it is still unclear whether The Frog will crawl out of this pit.

The Frog to USD chart
The Frog to USD chart

The one who started it all: PEPE (+105%)

The token that started PEPEmania. It was released on April 17, 2023. Since then, the token has shot up to 42nd place in market capitalization ($1,263,469,686 at the time of writing) and is up nearly 12,000 percent since its launch.

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One of the benefits of the token is that there are no taxes of any kind, and it has an interesting distribution system. According to it, participants are rewarded for holding coins over the long term. In addition, the increase in price is ensured by burning, among other things. Thus, out of 420 quadrillion coins, only 390K remain.

Globally, the development of the project consists of three points:

  • Listing on CoinMarketCapand getting PEPE trending on Twitter.
  • Listing on centralized exchanges.
  • Tier 1 exchange and what the team terms a “meme takeover.”

The last two points are now being actively pursued. In particular, PEPE was listed on the KuCoin exchange today. In addition, it became known that Binance will list PEPE, as well as FLOKI, in the innovation zone a zone for trading new tokens, which are subject to higher volatility and more risk than others.

Conclusion

The rise in token value is a good thing, but there is a risk of losing your money behind it. Meme coins remain very volatile and dangerous assets, and investing in them is not always justified, especially without careful research. It’s like the lottery, where the few win and the millions lose.

As for meme coins in general and the fact that they are now on a hype wave, the current alt-season can end at any moment as well as it began. Thus, the value of such coins may be lost, along with invested funds. So be careful.

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