Pepe Evolution From Comic To An NFT Sensation & Viral Meme Coin

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Today, Pepe the Flog is one of the most successful meme coins amid the recent meme coin minting madness, which has carried the crypto community by storm. Below, we shall explore in-depth the evolution of Pepe the Frog from a comic book character to a non-fungible token meme and a viral crypto meme coin.

Evolution History of Pepe the Flog

First printed in earlier 2005, Pepe the Flog emerged as a cartoon character in the famous Matt Furie comic book “Boy’s Club.” Pepe was personalized as a gentle and kind-hearted flog comic character before finding its way through the internet as a meme.

Pepe the Flog has been attracting massive adoption on various social media platforms like Facebook, Instagram, and Twitter. Nonetheless, Pepe received a bad reputation in 2016 during the United States Presidential elections after several ill will people used the character to spread racism and other false ideologies.

A few months later, after the election, Pepe the Frog creator, Furie, launched the #savepepe campaign on social media platforms to nourish the blemished Pepe character. Since then, Pepe has grown in popularity, finding a safe harbour in nascent crypto sectors.

Interestingly, Pepe has even become an integral figure in the online culture of the community. Pepe the Frog has recently become the talk of the town, attracting mainstream adoption in different crypto sectors, including the non-fungible token NFT industry.

Pepe Evolves To An NFT Sensation

Pepe the Frog entered the world of non-fungible tokens sometime in late 2016, long before the now-famous Ethereum-based NFTs like CryptoPunks and Bored Ape grew popular. At the time, the team behind development tokenized Rare Pepes on the Bitcoin network.

Following the growing demand for NFTs, Pepe the Frog created an exclusive collection of NFTs. The NFT collection features images of iconic figures like Homer Simpson or Satoshi Nakamoto, the enigmatic Bitcoin creator, fetching prices exceeding $100k.

The introduction of NFTs has pushed Pepe the Frog to thrive in the crypto market. Since the crypto world continues to evolve into new creations and collaborations, Pepe has also grown into a viral meme coin amid the recent shitcoins minting frenzy.

The Pepe Meme Coin ‘$PEPE’ Market Health

Pepe Coin has become one of the most successful memecoin, achieving a market capitalization of more than $1 billion just three weeks after its launch. The meme coin has outpaced popular memecoin like Doge, which has spent nearly four years to attain such milestone.

Despite the general volatility surrounding crypto and meme coins, Pepe Coin has attracted massive investors, with the number of its holders continuing to grow steadily. $PEPE has been listed in major crypto exchanges like Bybit, Gemini, Binance, OKX, and more.

The memecoin minting frenzy that has been baring the flagship crypto ‘Bitcoin” from soaring in recent weeks appears to have reduced. Last week, investors shifted their focus slightly from memecoin to NFTs after Elon Musk tweeted about Milady Maker NFT collection.

pic.twitter.com/4s6HwnCY74

— Elon Musk (@elonmusk) May 10, 2023

Binance also attributed a short frenzy last week after adding support for Bitcoin NFTs. The frog-themed PEPE memecoin, which has been the centre of attention, has lost more than 60% since its peak earlier this month. Memecoin fever seems to continue as NFTs and other digital assets get back into action after a long dip.

https://twitter.com/TheBinanceNFT/status/1656607580960202757?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1656607580960202757%7Ctwgr%5E62d9051036f6ede1e4726c04e39a32c50fe0aa67%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Finsidebitcoins.com%2Fnews%2Fnft-sales-rise-36-to-217-million-this-week-bitcoin-nfts-explode-260

In the past seven days, $PEPE has been down 24% from its all-time high of $0.0000023.The popular meme coin is correcting around $0.0000017 at the time of publishing. The Pepe the Frog meme coin has a market cap of $678 million and a trading volume of $438 million in the past 24 hours.

AIDoge Raises $7.4M From Its Toke Presale

AIDoge is another memecoin similar to Pepe (PEPE), Dogecoin (DOGE), and Shiba Inu (SHIB), which goes beyond traditional meme coins by offering a range of unique utilities that engage its community and provide tangible benefits. The memecoin, which combines AI and meme culture, has already raised more than $7.4 million from its ‘$AI’ token presale.