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Theres Pepe the soccer player, Pepe the guitarist, and Pepe the racing driver. And now theres Pepe the new frog-themed cryptocurrency.

The coin, based on an internet meme, has taken token markets by storm in the month since its launch. Trading has been frenzied, lifting Pepes market value to nearly $2 billion at one point, though that has since slid by more than half.

Only in the world of crypto could a currency that pays homage to a cartoon frog capture the attention of market participantsand possibly even Elon Musk. Its emblematic of the hype that continues to underpin crypto markets, fueled by the actions of a few dominant players and influenced by the price of Bitcoin.

The new memecoina subcategory of altcoin, which refers to tokens other than Bitcoin and Ether is the latest to capture the attention of the crypto crowd. It joins the more familiar Dogecoin, around since 2013, which refers to the doge meme involving a Shiba Inu dog. Dogecoin is now the eighth-largest digital asset by market capitalization and has inspired countless spinoffs, including Shiba Inu, which is the 15th-largest crypto.

Pepe is growing faster than its older peers. It took the frog coin only 22 days for the number of holders recorded on the blockchain to surpass 100,000, according to the crypto research group Messari. The same growth took 90 days for Shiba Inu.

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Like the dog-themed coins, Pepe appears to have caught the attention of Tesla s (ticker: TSLA) Musk, who has said he owns Dogecoin and has toyed with it for years in references on Twitter and television. Pepe prices spiked some 50% in one volatile spurt that came immediately after Musk tweeted the Pepe the Frog meme, though he didnt explicitly mention the token.

Pepes meteoric rise is unlike anything weve witnessed in crypto history, Chase Devens, an analyst at Messari, wrote in a note earlier in May. Here is a look at the coins brief past, how it is traded, and what could happen to the price.

Pepe was launched in mid-April by a team of anonymous developers. The groups website is littered with internet in-jokes, including the phrase make memecoins great again, and details about how the supply of tokens is 420,690,000,000,000.

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Pepe is a meme coin with no intrinsic value or expectation of financial return, the developers say. There is no formal team or roadmap. The coin is completely useless and for entertainment purposes only.

The token references the Pepe the Frog internet meme, which itself is based on a character from a 2005 comic by cartoonist Matt Furie. As a meme, Pepe can appear in a variety of waysthe frog often has different facial expressions and is edited into different contextsbut in its most basic form, it seems to represent smugness.

The Pepe meme has been picked up by internet-based radical groups, earning it a checkered cultural reputation. The Anti-Defamation League has named the meme a hate symbol, while noting that the character didnt initially have racist connotations and that many uses continue to be non-bigoted.

Pepe is now available on a number of major crypto exchanges. That includes Binance, the worlds largest venue for digital-asset trading, as well as platforms including OKX, Kraken, KuCoin, and the decentralized exchange UniSwap.

The U.S.-based broker

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Investors should note that digital asset trading and most crypto exchanges remain unregulated in the U.S.

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The price of Pepe rose as much as 6,300% between April 18 and its zenith on May 5, after being listed on a number of major exchanges.

Before it was listed on OKX, Pepe had a market cap of around $275 million, according to crypto data provider CoinGecko. In a spike after it was listed on Binance, its market cap peaked at $1.7 billion, with its trading volumes in the first week of May routinely dwarfing those of Dogecoin or Shiba Inu. The market capitalization of Pepe was hovering near $650 million as of Wednesday.

For those outside crypto, Pepe may represent yet another example of why digital assets are worthless: It has no intrinsic value and exhibits dangerous levels of volatility.

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For those inside the industry, though, there is a logic to the Pepe trade. The key is getting ahead of the hype and fear of missing out that new coins can generate as interest grows. That dynamic, alongside signs that influential market participants known as crypto whales are wading in, suggests the frenzy around Pepe may be far from over.

Arguably the most significant driver of Pepes growth is the fact that crypto participants are now familiar with how quickly memecoins can grow, said Devens, of Messari. It pays to be early, and this self-reinforcing force pulls in more buyers as the meme grows in popularity.

That popularity only grows as tokens like Pepe get listed on crypto exchanges. The first major factor lifting prices of the frog crypto was its listing on OKX on May 1, which was soon mirrored by Binance on May 5. While exchanges dont endorse coinsBinance has kept Pepe in its Innovation Zone for smaller and often more volatile coinslistings can act as implicit endorsements and funnel billions of dollars of liquidity to tokens.

The wider dynamics of crypto markets play a role in determining memecoin prices. Trends in Bitcoin, the largest coin, tend to lead prices for all cryptocurrencies, which has worked out well for Pepe.

Bitcoin has rallied by some two-third so far this year, helped by rising expectations that the Federal Reserve has finished raising interest rates to battle inflation. Memecoins have taken off as well in a surge that could signal either a strengthening bull market or froth before a correction.

When meme coins pump it often tells us where we are in the crypto cycle, Antoni Trenchev, co-founder and managing partner at crypto lender Nexo, said in a research note shortly after Pepe began to surge higher.

Trenchev pointed to gains seen by the token Squidreferencing the popular Netflix series Squid Gamein late 2021, when the token rose by more than 200,000%. In hindsight, that was a sign that crypto markets had topped out.

Time will tell if the emergence of Pepe-the-Frog heralds the beginning of a new crypto summer or something a lot bleaker, Trenchev wrote.

Write to Jack Denton at jack.denton@barrons.com

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Memecoin Pepe Is the New Crypto Craze. Move Over, Dogecoin. - Barron's

Bitcoin Frogs, the newly-launched non-fungible token (NFT) fashioned after frogs, has become the most-traded collection in the past 24 hours, surpassing even prominent collections, such as Bored Apes.

Bitcoin Frogs, which launched in late February on Bitcoin Ordinals, reached trading volume of over $2.2 million, data from CryptoSlam show. The collection describes itself as 10,000 unique frog collectibles minted directly on the Bitcoin Blockchain.

At the time of writing, each NFT was selling for 0.12 bitcoin (BTC), or over $3,200. Buyers and sellers are paying trading fees ranging from $50 to over $1,200 as of Thursday.

Bitcoin Frog's trading volumes was spread across 627 individual transactions, the data show. In comparison, Bored Apes recorded just over 11 transactions at a significantly higher price of over $83,000 per NFT.

NFTs issued directly on Bitcoin have gained prominence after the launch of the Ordinals Protocol earlier this year. The Ordinals Protocol allows users to embed data onto the Bitcoin blockchain by inscribing references to digital art into small bitcoin-based transactions with the so-called Ordinals inscriptions surpassing the 3 million mark earlier this month.

Such demand has contributed to bitcoin fees spiking to two-year highs and stirred debate in the Bitcoin community.

Original post:
Pepe-Themed Bitcoin Frogs Becomes Most Traded NFT Amid Bitcoin Ordinals Hype - Yahoo Finance

Hollywood X PEPE $HXPE Token PEPE goes to Hollywood & becomes a star.

In the ever-evolving world of cryptocurrencies, new players are constantly emerging to capture the attention of digital enthusiasts and investors alike. One such phenomenon that has recently gained significant traction is $Pepe, a Meme Coin that has taken the internet by storm. This article aims to explore the rise of $Pepe and delve into the reasons behind its popularity.

$Pepe is a cryptocurrency inspired by the iconic internet meme character Pepe the Frog. Originally created by artist Matt Furie in 2005, Pepe the Frog gained massive popularity as an internet meme, becoming a symbol of internet culture and humor. The $Pepe cryptocurrency pays homage to this cultural phenomenon by integrating the character into the world of digital currencies.

One of the key factors behind the success of $Pepe is its dedicated community of supporters. Internet communities, such as Reddit and Discord, have embraced $Pepe as a new outlet for their creativity and shared enthusiasm. The $Pepe community has developed a unique culture around the coin, creating and sharing memes, art, and other content related to the beloved Pepe the Frog. This sense of belonging and shared identity has helped $Pepe thrive in the ever-competitive cryptocurrency space.

Memes have become an integral part of internet culture, with various memes gaining widespread attention and even crossing over into the mainstream. The $Pepe memecoin capitalizes on this phenomenon by leveraging the appeal of internet memes to attract users and investors. The rise of $Pepe is not solely based on its technological merits, but rather on the speculation and excitement surrounding its cultural significance.

While memecoins have often been criticized for their speculative nature, some investors see the potential in $Pepe as a unique investment opportunity. As with any investment, caution and thorough research are crucial. However, the cultural significance and the passionate community behind $Pepe have led some to believe that it may have long-term staying power.

Non-fungible tokens (NFTs) have revolutionized the digital art market, and $Pepe has embraced this trend. Through the creation of Pepe-themed NFTs, the project has allowed users to buy, sell, and trade unique digital artworks. This integration with NFTs has not only added value to the $Pepe ecosystem but has also attracted attention from collectors and enthusiasts of digital art.

As with any new phenomenon, $Pepe faces its fair share of challenges and criticisms. Some critics argue that Meme Coins, including $Pepe, are purely speculative and lack the fundamental value that more established cryptocurrencies possess. Furthermore, the association with Pepe the Frog has sparked controversy in the past due to its misuse as a symbol by extremist groups. It is important to separate the playful intent of the $Pepe community from these negative associations.

$Pepe has undoubtedly emerged as a prominent player in the world of memecoins, capturing the attention of internet communities and investors alike. With its unique cultural appeal, passionate community, and integration with NFTs, $Pepe has carved out a niche for itself in the cryptocurrency space. However, as with any investment, caution is advised, and it is essential to carefully consider the potential risks and rewards before diving into the world of $Pepe and Meme Coins in general.

In a surprising twist of events, HollywoodXPepe Coin, a Meme Coin inspired by the beloved Pepe the Frog, has taken the crypto world by storm, capturing the attention of investors and enthusiasts alike. This article explores the extraordinary journey of HollywoodXPepe Coin as it makes its way to Hollywood, meeting beautiful women, and igniting a spark within the crypto community.

HollywoodXPepe Coin originated as a playful project that aimed to combine the allure of Hollywood glamor with the irreverent charm of Pepe the Frog. Riding on the wave of the meme economy and the popularity of cryptocurrencies, this memecoin quickly gained traction, capturing the imagination of individuals looking to invest in unconventional and entertaining ventures.

As HollywoodXPepe Coin gained popularity, its journey took an unexpected turn. The coin and its mascot, Pepe the Frog, were embraced by the glitz and glamor of Hollywood, where they embarked on a whirlwind adventure. In this narrative, HollywoodXPepe Coin found itself surrounded by beautiful women, attracting attention from celebrities and industry insiders. This fantasy portrayal captured the imagination of many within the crypto community, drawing attention and excitement to the project.

The arrival of HollywoodXPepe Coin and its exploits in Hollywood have had a profound impact on the crypto community. The project injected a sense of fun and creativity into a space often perceived as serious and technical. The innovative approach of combining pop culture, memetic appeal, and blockchain technology struck a chord with individuals seeking a departure from traditional investment options.

HollywoodXPepe Coins rise to stardom not only captured the attention of investors but also sparked enthusiasm within the wider crypto community. The project showcased the potential of memecoins to transcend the boundaries of traditional finance and tap into the playful nature of internet culture. By intertwining Pepe the Frogs beloved character with Hollywood extravagance, HollywoodXPepe Coin offered a fresh and exciting perspective on cryptocurrency investments.

HollywoodXPepe Coins success can be attributed, in part, to the power of memes and their ability to captivate audiences. Memes have become a shared language in online communities, often transcending borders and cultural boundaries. By tapping into the meme economy and embracing the cultural significance of Pepe the Frog, HollywoodXPepe Coin found a way to connect with a broad and diverse audience, expanding the reach of the crypto community.

HollywoodXPepe Coins journey from Meme Coin to Hollywood superstar, meeting beautiful women along the way, has certainly sparked excitement within the crypto community. By leveraging the appeal of memes, pop culture, and the allure of Hollywood, the project has brought a fresh and imaginative perspective to the world of cryptocurrencies. While the fantastical narrative surrounding HollywoodXPepe Coins rise to stardom is engaging, its important for investors to approach the project with a level-headed mindset, focusing on diligent research and risk assessment.

HollywoodxPEPE | Telegram | Twitter | Discord | YouTube

Originally posted here:
$Pepe The Internet's New Hot Meme Coin Hollywood X PEPE ... - Analytics Insight

BTCC Exchange, a prominent cryptocurrency derivatives trading platform, has recently added PEPE and SUI USDT-margined futures to its list of available futures. Trading began on 16 May 2023, and traders can take advantage of up to 50x leverage when trading these newly listed futures contracts on the platform.

Both PEPE and SUI are the latest sensations in the crypto space. PEPE, created as a tribute to the Pepe the Frog cartoon character, is a popular meme-based cryptocurrency that has gained significant attention in recent months. Since the launch, PEPE has experienced price explosions, making waves in the crypto market, especially in the memecoin space.

On the other hand, SUI is a Layer 1 blockchain that provides secure, scalable, and efficient solutions for decentralised applications (dApps), focusing on high-speed transactions and instant processing. SUIs data processing speed is unmatchable: it can process 300,000 transactions per second (TPS). Ethereum 2.0 is only estimated to have a TPS of 100,000, while Solanas TPS is just 65,000.

With the addition of these futures, BTCC Exchange offers users more opportunities to diversify their crypto portfolio alongside their existing 80+ highly liquid crypto futures on the platform. Users can go long or short on PEPE and SUI based on the direction of the trend to make profits.

Given the big craze about PEPE and SUI, traders can now take advantage of their high volatility with the new futures on BTCC Exchange. With up to 50x leverage, traders can maximise their profit potential and manage risk effectively.

The addition of PEPE and SUI futures to BTCC Exchanges trading platform marks an exciting milestone for the cryptocurrency derivatives trading community. The platforms commitment to providing a safe and efficient trading environment, coupled with its advanced technology and user-friendly interface, makes it an ideal destination for traders looking to diversify their crypto portfolio.

Established in June 2011, BTCC is one of the longest-running cryptocurrency exchanges with a focus on providing crypto futures trading services. Serving over 1.6 million registered users worldwide, BTCC is dedicated to making crypto trading reliable and accessible to everyone.

The exchange will be celebrating its 12th anniversary next month. Stay tuned for special campaigns and promotions on their official website and social media channels:

Twitter|Instagram|LinkedIn | Website

This article contains a press release provided by an external source and may not necessarily reflect the views or opinions of BeInCrypto. In compliance with the Trust Project guidelines, BeInCrypto remains committed to transparent and unbiased reporting. Readers are advised to verify information independently and consult with a professional before making decisions based on this press release content.

Read more from the original source:
BTCC Lists Memecoin PEPE And New 'Ethereum Killer' SUI - BeInCrypto

The pantheon of pseudonymous NFT collectors features no shortage of enigmatic characters, but few enjoy the crypto-native cult following of Vincent Van Dough.

Regarded as a major proponent of the digital art ecosystem, the 2023 NFT100 honoree is well known for his NFT spending sprees and eclectic projects, which now include the web3 gallery Art of This Millennium (AOTM), the Notable Pepes series, TungstenDAO, and more.

While he has been active in crypto since 2013 and was among the original claimers of CryptoPunks, Van Doughs current alias dates back to 2021. In an interview that year, he claims to have spent over $20 million on NFTs.

Its fitting that Van Doughs digital identity is more fluid than many of his contemporaries. Theres no recognizable CryptoPunk to hang your hat on. Its an ever-shifting array of avatars that all somehow carry the same memetic energy, from a tuxedoed Pepe the Frog and Che-Yu Wus Sea Hams to the Moonbirds he made to troll Kevin Rose. You know it when you see it.

As a collector, Van Dough can distill his thesis into a simple statement: Collect pieces of art that resonate.

Beyond just aesthetics, it is a combination of intuition and knowledge of internet culture, identifying promising artists, keeping a pulse on the contemporary art landscape, and always being on the lookout for art that has a fresh and unique perspective, he tells nft now. Collecting isnt a job for me; it is something that I genuinely derive meaning and fulfillment from.

Collect pieces of art that resonate.

While collecting may not be a job to him, others have sought to enlist his investment approach. In August 2021, Su Zhu and Kyle Davies, the founders of now-defunct crypto hedge fund Three Arrows Capital, tapped Van Dough to curate a $100 million NFT fund called Starry Night Capital.

In the following months, Van Dough helped the fund amass an impressive collection of blue-chip NFTs, including projects like CryptoPunks, Deafbeef, and Autoglyphs, 1/1 art by XCOPY, Alpha Centauri Kid, and Grant Yun, and notable Art Blocks pieces by Tyler Hobbs, Dmitri Cherniak, and Snowfro.

Unfortunately, Three Arrows Capital declared bankruptcy in July 2022 following the Terra Luna collapse, and Starry Nights collection is currently entangled in liquidation proceedings. In an October 2022 filing, consulting firm Teneo cited Van Doughs cooperation in helping them account for and take possession of Starry Nights assets.

I bought a bunch of jpegs for them and curated the Starry Night Capital collection, Van Dough commented on Twitter. That is the extent of our affiliation.

Given the experience, its no surprise that Van Doughs next chapter would signal a new direction by prioritizing direct engagement with the artists he champions.

Launched in November 2022 and powered by Manifold, Art of This Millennium is a digital gallery with a star-studded artist roster featuring the likes of Cath Simard, Claire Silver, Drift, FVCKRENDER, IX Shells, and many more.

For such an irreverent iconoclast, one may be surprised to hear Van Dough admit that the venture was born from the idea that there was a lot to learn from the traditional art world.

Artists today have to run full-scale businesses independently: from creating pieces to managing auctions, maintaining relationships with both existing and potential new collectors, showing their work and process, engaging in interviews, and the list goes on, he explains. It is impossible for one person to manage. We saw a world where a gallery could come and work hand-in-hand with artists.

Unlike traditional art galleries, which can take up to 50 percent of sales, AOTM takes a flat 15 percent commission. Van Dough has also pledged to honor a 10 percent secondary sales royalty for artists irrespective of where or how any pieces are sold.

The term NFT is too broad of a term and, unfortunately, a lot of groundbreaking art has been tossed into this encompassing word that has become synonymous with flipping and trading.

By offering vertically-integrated services to contemporary digital artists including curation, promotion, strategy, exhibitions, sales, and legacy planning, as well as leveraging collector relationships inside and outside web3 Van Dough hopes to further differentiate the digital art market from the rest of the NFT space.

The term NFT is too broad of a term, and unfortunately, a lot of groundbreaking art has been tossed into this encompassing word that has become synonymous with flipping and trading, he laments. We view AOTM as a home for artists, collectors, and patrons who value art for its aesthetic and cultural significance rather than short-term monetary worth.

In speaking to artists on the AOTM roster, consistent themes emerge around the respect they have for Van Dough and the support and guidance he has given them.

Ill never forget when he first tweeted about me after collecting my work Right Click Print. It changed my life, recalls Alpha Centauri Kid. I think hes a standout collector because he isnt afraid to show his conviction in the artists he believes in. He truly just wants to help push art forward.

Grant Yun credits Van Doughs early support with giving him critical momentum, praising the collectors depth of knowledge and willingness to mature this space.

I am confident in the work VVD does and trust his vision, Yun says. I truly believe that a level of curation is required in web3 to help guide non-crypto demographics and to help open their eyes to the amazing range of artists this space has to offer.

Other World adds: Personally, hes a down-to-earth guy whos given me sound advice anytime Ive asked, which has been a great help for my career in this new and constantly changing space.

As Van Dough continues to build out AOTM, he has plans to establish a physical footprint for the gallery and an upcoming auction featuring a selection of emerging artists.

The crypto NFT market can often be volatile and rapidly evolving, he cautions. We must think about what is best for our artists reputationally from a long-term horizon, not just what will be a hot narrative for the short term.

Van Doughs online persona is inextricably linked to Pepe the Frog, Matt Furies iconic 2005 cartoon character who has become one of the internets most enduring and oft-misunderstood memes.

An avid collector of the early and influential CounterParty project Rare Pepes, Van Dough has long been a patron of Pepe-inspired art. Last July, Van Dough curated a series of the latter-day CounterParty project Fake Rares, commissioning the likes of DeeKay and Seerlight for Pepe tributes. Given the projects historical ties to the earliest days of blockchain art, Van Dough felt honored to help usher in a new generation of artists.

Pepe the Frog is an iconic meme that represents the culture of the internet. It is truly our Mickey Mouse figurehead, Van Dough gushes. Pepe represents the power of the internet to shape and influence our perceptions of the world.

Pepe the Frog is an iconic meme that represents the culture of the internet. It is truly our Mickey Mouse figurehead.

As it happens, the Fake Rares series would prove to be foreshadowing for Van Doughs own Pepe project. After Jack Butchers insurgent Checks phenomenon sparked an open edition craze at the top of the year, he launched his own version called Pepe Checks. Offered at a $6.90 price point, his open edition exceeded all expectations, raising more than $1.6 million in 24 hours.

It all happened essentially overnight, Van Dough admits. I saw an opportunity to make a piece of art and a meme that felt like the right commentary in response to Jack Butchers Checks, and the community just ran with it.

It really shows how people want to collect items that resonate with them and how Pepe is one of the most recognized figures on the internet, he adds. The Checks leveraged the collective humor and creativity of the internet its quite beautiful.

One week later, Van Dough announced his new project entitled Notable Pepes. Bringing a new twist to the classic Rare Pepes and Fake Rares model, each Pepe Check acts like a lottery ticket giving holders a chance to mint weekly Pepe art drops. The collection has already featured cards by Rare Pepe OGs like Joe Looney and Rare Scrilla, alongside contemporary up-and-comers like Terrell Jones and batz. In this way, Van Dough aims to bridge the gap between the Pepe communities on CounterParty and Ethereum.

We brought a majority of the OG Rare Pepe and Fake Rare artists over to Notable Pepes, and we also invited prominent ETH artists to create Notable Pepe cards, he says. The response has been incredibly positive, and the meme is stronger than ever. People wanted a way to collect and interact with the Pepe community in a way that was familiar to them and ETH-native.

At a time when the $PEPE meme coin is dominating the charts and conversation, Van Doughs memetic wisdom feels especially prescient.

There is this saying, There is a Pepe for everything,' he concludes. It is so true. The Pepe community is one of the most resilient communities; people are collecting through bull markets and bear markets, supporting meme culture and art.

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Vincent Van Dough Talks Disrupting Galleries and the Power of Pepe - nft now