PEPE is a perfect example of the pairs in Category III (Extreme Speculation) in which I advise not to trade in Futures at the beginning. PEPE is a memecoin launched in 2023, inspired by the internet meme "Pepe the Frog". Its value is not based on technological utility (like Ethereum) or on a financial product (like T-Bills), but purely on speculation, popularity, and the enthusiasm of its online community. The founders of PEPE remain anonymous, which adds a significant level of risk to the investment.

The numbers of PEPE are crucial for understanding its price risk: PEPE has a massive supply of 420.69 trillion tokens (trillions in the Anglo-Saxon system). The current market positions it in a range of around $1.46 billion euros or $1.84 billion dollars, generally placing it between the 43rd and 65th position by market capitalization globally.

Analysis for an Engineer: The enormous supply of tokens means that for PEPE to reach a price of, for example, $0.01, its market capitalization would have to be in billions of dollars, which is extremely unlikely. Growth is achieved by burning zeros (going from $0.00000X to $0.0000XX), not by 1000x gains on the total value.

By December 2025, PEPE is known for its dramatic price swings and periods of high volatility. It reached its all-time high (ATH) in December 2024. Data from late 2025 shows that PEPE has been under a challenging scenario after reaching its highs. Many technical indicators suggest a "strong sell" trend in the short and medium term. Despite the bearish technical analysis, there is still long-term optimism in the community, hoping that PEPE "follows the path" of Bitcoin if it rises.