The 2022 bear market killed most meme coins; many believed the crypto industry had matured. There's no place for silly dog-themed meme tokens; crypto is now about real-world utility, or so they said. Pepe the Frog and the crypto meme-coin community clearly missed the memo.
The $PEPE token went from a low-budget meme project to being valued at well over $1 billion - if it were a Silicon Valley start-up, we'd be looking at a Unicorn. This all happened in the space of four weeks. Only in the crypto space do things move so quickly, and we often get left scratching our heads trying to figure out what happened.
If you've spent time in crypto circles on Twitter over the past month, you might ask yourself, 'What is $PEPE?' 'Where did it come from?' and 'Will it vanish as quickly as it appeared?' Let's find out.