Pepe ($pepe) is an Ethereum-based token that launched on April 17, 2023. Following in the footsteps of meme coins like Dogecoin (DOGE) and Shiba Inu (SHIB), $pepe quickly rose in popularity in the days after launch, quickly surpassing $1 billion in market cap as of April 14, 2023. $pepe builds upon the popular “Pepe the Frog” meme created by Matt Furie in the early 2000s.

$pepe is a new meme token. $pepe has no defined utility; its value may be derived only from the continued willingness of market participants to demand and trade the token, which may result in the potential for permanent and total loss of value should participants choose to no longer demand or trade $pepe. The token may also be subject to extreme price volatility, in particular if large, concentrated holdings of $pepe are liquidated in a short period of time. By trading $pepe, you acknowledge that you have read this disclosure and understand the risks associated with trading $pepe.