PEPE memecoin hits $1 billion market cap fueled by Binance listing By Cointelegraph

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The frog-themed memecoin Pepe (PEPE) surged over 85% in the last 24 hours to surpass a $1 billion market cap three weeks after its launch on April 14, 2023.

PEPE memecoin price breaks $0.000003 on May 5. Source: CoinGecko

Ironically, the core value proposition of PEPE is that there isn’t one. The official website for the cryptocurrency features a disclaimer that describes investment in the token in the following manner:

PEPE buying and selling schematic. Source: Lookonchain