What is Pepecoin (PEP)?

Deep Dive

1. Purpose & Value Proposition

Pepecoin aims to be a low-fee payment solution for online/offline merchants, emphasizing accessibility and community culture. Unlike typical memecoins, it positions itself as a “freedom-focused” project resisting centralized control (Pepecoin Team). However, its utility remains narrow compared to smart contract platforms, relying heavily on social momentum.

2. Technology & Architecture

• Merged mining: Shares Litecoin and Dogecoin’s proof-of-work security, reducing the risk of 51% attacks.
• Layer 1 blockchain: Operates independently (not an ERC-20 token), with a focus on transaction speed and minimal fees.
• Halving mechanism: Mining rewards decreased from 15,625 to 10,000 PEP per block in June 2025 to manage inflation (ViaBTC).

3. Ecosystem & Adoption

• NFT traction: A community-driven OpenSea collection generated 480 ETH (~$1.5M) in trading volume, signaling cultural engagement.
• Volatility: PEP surged 260% in 30 days (as of July 26, 2025) but faced a -93.99% liquidation drop in May 2025, highlighting speculative risks.
• Exchange dynamics: Delisted from Gate.io’s Pilot Market in May 2025, reflecting regulatory or liquidity concerns, yet retains a $63.7M market cap.

Conclusion

Pepecoin’s merged mining offers technical credibility, but its memecoin status ties its fate to social hype and market rotations. Can PEP balance cultural appeal with sustainable utility as payment adoption grows?