$PEPE As of May 2026, $PEPE is priced at roughly $0.0000039 and its market capitalization has fallen to about $1.6 billion, down from an earlier peak near $12 billion. It is an ERC-20 token operating on Ethereum’s Proof-of-Stake network and is often described as deflationary in nature.
The token has a total supply of 420.69 trillion, which is also fully circulating, with the majority (around 93%) reportedly concentrated in liquidity pools. Despite having a large and active online community inspired by the “Pepe the Frog” meme, the project has faced criticism and controversy regarding claims around its “fair launch,” with concerns raised about transparency from its anonymous developers.
Overall,$PEPE does not offer real-world utility and exists mainly as a speculative meme-driven asset. Like most meme coins, it is extremely volatile and carries a very high level of risk, making it unsuitable for cautious or long-term conservative investors.
