## 🐸 PEPE: The King of Memecoins on Ethereum

Pepe ($PEPE) has established itself as one of the most influential memecoins in the Ethereum ecosystem, standing out for its purely meme origin (based on the iconic character) and its launch without presale or taxes.

Current Situation:

Community and Hype: It continues to maintain an active community and a high level of hype, key for volatility and pumps.

Extreme Volatility: It is known for its explosive price movements, being an asset of very high risk/high reward.

Key Factors: Its price is primarily driven by the sentiment of the general crypto market, memecoin trends, and large actions by whales (large holders).

Warning: Despite its popularity, it lacks fundamental utility (beyond being a memecoin) and is subject to manipulation. Only invest what you are willing to lose.

TL;DR: $PEPE is a barometer of risk and sentiment of meme culture in crypto.