Investors Shift Focus as PEPE Adds Scarcity-Driven Strategy to Meme Coin Playbook

PEPE holders are increasingly showing interest in a new Boys Club meme coin, with some market observers suggesting it could see up to 150x returns by 2025. This development signals a growing trend among meme coin enthusiasts to pivot to alternative projects, even as PEPE continues to maintain a stable position within the broader cryptocurrency market. Despite recent price fluctuations, PEPE has demonstrated resilience compared to other meme coins, with its price dropping only 2% in terms of volume since Friday afternoon, according to market data from Coinbase [1].

Currently, PEPE is trading at approximately CA$0.000015, with a market capitalization of CA$6.25B, and it ranks as the 29th most popular cryptocurrency on Coinbase [1]. Despite a recent 1.87% decline in the last 24 hours, its yearly performance has shown a 17.93% increase, which, while modest compared to the broader meme coin category's 69% average gain, still represents a positive trajectory for the asset [2]. The coin's circulating supply is at 420.69 trillion PEPE, and it maintains a max and total supply of the same amount, with no new coins expected to be issued [1].

PEPE operates on the Ethereum blockchain and employs a redistribution system that rewards long-term stakers, encouraging holders to maintain their positions rather than sell quickly [1]. Additionally, it includes a burning mechanism that periodically removes coins from circulation to maintain scarcity, despite its maximum supply being already reached. These mechanisms distinguish PEPE from many other meme coins by adding a layer of strategic value beyond its meme-based appeal.

While the PEPE price has seen a 33.75% decline relative to the broader crypto market, it has outperformed many meme coins in terms of volume drop. The coin is currently ranked among the top three meme coins by daily trading volume and has a 0.12% dominance in the overall crypto market [1]. The trading volume in the past 24 hours has been CA$815.61M, and the average daily trade count stands at 4,155, reflecting a moderately active trading environment for the asset [1].

Market participants and social media sentiment suggest a cautious optimism toward PEPE and other meme coins. On Twitter, 21.26% of tweets about PEPE were bullish, while the average sentiment score was 91 out of 5 across social platforms, indicating a positive outlook despite recent price declines [1]. However, the Fear & Greed Index currently shows a neutral reading of 49, and the overall sentiment is bearish, highlighting market caution.

Despite the recent volatility and bearish sentiment, PEPE remains a popular choice for investors looking to participate in the meme coin space. Its unique features, such as the redistribution system and periodic coin burning, aim to foster long-term value and stability. As investors shift their attention to the new Boys Club meme coin, the future performance of PEPE will likely depend on broader market trends and the continued engagement of its community.

Source: [1] Pepe Price, PEPE Price, Live Charts, and Marketcap (https://www.coinbase.com/en-ca/price/pepe) [2] Pepe Coin Price Chart & Market Cap (https://coincodex.com/crypto/pepe-token/)