PEPE Coin exploded onto the scene in 2023 as a tribute to the popular internet meme character. Backed by nothing more than meme culture and massive hype, PEPE surged to become one of the top-performing meme coins of the year. Early investors made substantial profits, and some even saw gains in the range of 10,000% within months.
Despite its hype-driven success, PEPE Coin now faces the classic meme coin dilemma — limited utility and overreliance on sentiment. As of now, PEPE trades around $0.000011, and reaching a 100x from here would place it at $0.0011, requiring a market cap in the tens of billions — a steep climb without substantial development or ecosystem expansion.
While it’s possible for PEPE to ride the meme wave again, many analysts believe its explosive potential has already been realized, and replicating that growth may not be as easy this time around.
