PEPE-USD · catalysts, narrative & risks

What PEPE-USD Is

PEPE-USD is the spot price of the Pepe (PEPE) token quoted in US dollars; the "-USD" is simply the quote currency of the trading pair, not part of the asset's name. PEPE is a deflationary memecoin launched in April 2023 as an ERC-20 token on the Ethereum blockchain, created as a tribute to the Pepe the Frog internet meme by Matt Furie. Its founders are anonymous, and the token is explicitly marketed as having no utility and a no-tax policy ("keeping things pure and simple as a memecoin"). [16]

Structurally, PEPE is simple and immutable: 93.1% of supply was sent to an Uniswap liquidity pool (LP tokens burned, deployer contract sent to a null address) and the remaining 6.9% sits in a multi-sig wallet for future listings and liquidity. Contract ownership was renounced and liquidity locked at launch, so the original ERC-20 contract is frozen—no staking, governance, or fee mechanisms can be added. [1][16]