Pepecoin (PEP): What It Is, Uses and Risks

Pepecoin (PEP) is a cryptocurrency that its project description calls a layer 1 blockchain built around community. It was created in 2013 by one of the original Dogecoin community members, with the stated goal of starting a fun community similar to the early Dogecoin one. The data lists both Layer 1 and meme coin categories, which reflects its blockchain framing and its humorous, community-first branding. Public descriptions say it uses the scrypt hashing algorithm and can be merge mined alongside Litecoin and Dogecoin starting at block 100,000. The data gives no launch date, so the timeline should be read as the project's own account rather than a verified fact. Pepecoin is also easy to confuse with PEPE, a separate Pepe-themed token that many public reporting discuss instead.

Pepecoin is described publicly as a community coin meant to support a social culture rather than a specific product. Public sources provided do not name any dApps, payment integrations or applications built on it, so this page cannot describe a concrete everyday use. Its main role, as described, is to act as the native currency of its own chain and to bring people together around the Pepe theme. Merge mining is one of its stated mechanics: miners working on Litecoin or Dogecoin can also secure Pepecoin without separate hardware. The data does not show how much active usage this produces. Readers looking for a practical use should check the project's own materials and current on-chain activity before drawing conclusions.

As of 2026-11-05, the data lists a price of about $0.00007887 per PEP and a market capitalization of about $8.1 million, ranked 1395 by market cap. Circulating and total supply are both about 102.67 billion tokens, and the data lists no maximum supply. Trading volume over 24 hours was about $193,023 at the time of the snapshot. Over the past year the price was down about 68 percent, and over the past seven days about 4.4 percent. The all-time high was about $0.00182 on 2024-12-09, and the all-time low was about $0.00000257 on 2024-07-25. These numbers change constantly, and they are a snapshot, not a forecast.

Pepecoin is presented as its own layer 1 chain, but the data does not list a native token of any other chain or any token issued on other chains. Its stated connection to Litecoin and Dogecoin comes through merge mining, which starts at block 100,000 according to the project description. Merge mining lets scrypt-based chains share mining work, but it does not mean Pepecoin is a token on those chains. The project description also says Pepecoin was fairly launched with no premine, preallocation or initial coin offering. These claims come from the project's own description and have not been independently checked here. Readers should confirm which network a token sits on before sending funds.

Pepecoin carries the usual risks of meme coins. Prices can move sharply in short periods, and the one-year decline in the data shows how far the value can fall from earlier highs. With no maximum supply listed and over 100 billion tokens in circulation, each token represents a very small share of the network. Trading volume is modest compared with the market capitalization, which can make large orders move the price. Impersonator tokens and copycat projects using similar names are common in this sector, so readers should check contract addresses and official project channels. Stored tokens should be kept in a wallet that supports the correct network, and users should verify wallet compatibility with the project's documentation before transferring. Nothing here is financial advice, and readers should only risk what they can afford to lose.