MIIX Capital:PEPE项目研究报告

Odaily星球日报Published on 2024-05-26Last updated on 2024-05-26

Abstract

PEPE是一个2023年在以太坊上推出的MemeCoin,借助模因文化迅速崛起,但面临团队盗币等风险。

MIIX Capital:PEPE项目研究报告

1、项目情况

1.1 业务概要

PEPE 是 2023 年 4 月 17 日在以太坊上发行的 MemeCoin,依靠纯模因驱动,定位“人民的代币”。PEPE 的创建旨在利用 Shiba Inu 和 Dogecoin 等 MemeCoin 的流行,向 Matt Furie 创作的 Pepe the Frog 网络表情包致敬,并将自己打造为行业中的顶级 MemeCoin。

在市场运营中,PEPE 通过制定免税政策、奖励长期利益相关者的再分配系统,以及维持 PEPE 代币稀缺性的销毁通缩机制,吸引了大量加密货币社区的关注。

1.2 团队背景

MIIX Capital:PEPE项目研究报告

Zachary Testa,PEPE 创始人, 1997 年出生于美国亚利桑那州菲尼克斯, 2018 年毕业于亚利桑那州立大学,获得市场营销学位,也是一位美国风景摄影师,他曾在多个荒野地区、神圣的土著区以及其他禁止无人机的地区有过违法记录。

Matt Furie,是 PEPE the Frog 的原创作者。作为一位美国漫画艺术家和插画家,他因创造青蛙佩佩而闻名,这是他 2005 年首次推出的《男孩俱乐部》系列中的一个角色。它最初被设计成一个绿色的人形青蛙,后来演变成各种各样的表情包,并在 2000 年代末和 2010 年代初的互联网上广泛传播。

值得注意的是,在 2023 年 8 月,PEPE 价格曾暴跌 20% ,创始人 Testa 面临审查,有报道称,他和团队成员从项目的多重签名钱包中窃取了超过价值 1500 万美元的 PEPE。而 PEPE 其他团队成员电报 Handl 为@billyoptions、@zerozevia 和 @ekim 222 (现已全部删除)。

1.3 产品/技术

MIIX Capital:PEPE项目研究报告

PEPE 的诞生就是定位自己为“现存最容易让人记住的 MemeCoin”,但根据官网的介绍,PEPE 没有内在价值和产品技术内涵 — — “PEPE 是一种没有内在价值或财务回报预期的 MemeCoin。没有正式的团队或路线图,可以说完全没用,仅供娱乐。”

但在加密领域,这并不是什么稀奇事,毕竟过去出现的很多种 MemeCoins,都没有提出任何声明,也直接警告用户它们没有任何价值。

1.4 发展路线图

MIIX Capital:PEPE项目研究报告

第一阶段,在 CoinMarketCap 和 CoinGecko 上架 PEPE,推动社区增长,开展营销活动,增加知名度和影响力;

第二阶段,在各大中心化交易所上架 PEPE,扩大交易量和流动性,提高市值和排名,吸引更多的投资者和合作伙伴;

目前,处于阶段三,在各类一流的交易所上架 PEPE,开启团队所谓的“模因时代来临”计划,打造一个模因币的生态系统,包括 NFT、游戏、慈善等。

2、市场数据

2.1 官网数据

MIIX Capital:PEPE项目研究报告

MIIX Capital:PEPE项目研究报告

从 2024 年 2 月 至 2024 年 4 月的官网数据看,总访问量为 990.13 K,月均访问 330.04 K,跳出率为 72.42% (中等,官网结构简单),各区域用户访问数据较均匀,且直接访问和分享访问占比超过 75% ,可能说明访问用户数据中脏数据占比不高,且多是社区互动传播结果。

2.2 社媒数据

MIIX Capital:PEPE项目研究报告

3、竞争分析

3.1 赛道规模

MemeCoin 通常没有实际用途,主要靠情绪面和培养社区粘性。2020 至 2021 年间,模因币如$DOGE 和$SHIB 确立了自己的地位,展示了模因币市场的独特魅力。目前,所有模因币的总市值约为 600 亿美元,其中 Dogecoin、Shiba Inu、Dogwifhat 和 PEPE 等在市值排名前 50 的加密货币中占据突出地位,但这一数字仍低于 Dogecoin 在 2021 年初推动的近 1000 亿美元的峰值。

最初 MemeCoin 主要聚集在 ETH 生态,随着高性能网络的崛起,Solana 网络成为 MemeCoin 交易的重要网络,其社区的热情参与使其成为充满活力的模因币市场的中心。Denchun 升级后,得益于 DEX 上交易费用的大幅降低,Base Chain 也成为交易 MemeCoin 的主要平台。

3.2 竞争现状

MIIX Capital:PEPE项目研究报告

根据 Coingecko 数据, 2024 年第一季度,MemeCoin 成为最盈利的加密赛道,平均回报率达到 1312.6% ,其中 TOP 5 分别为 DOGE、SHIB、PEPE、WIF 和 FLOKI。

MIIX Capital:PEPE项目研究报告

而在 ETH 生态中,PEPE 作为 MemeCoin 的 TOP 1 项目,其交易量遥遥领先,其他热门 MemeCoin,如 TOP 2 – 4 的 TRUMP、PORK,以及 FLOKI,均与 PEPE 有极大的差距。但是对比 SHIB,TOP 3 的 PEPE 虽然还有着约 3 倍的空间,但其发展速度要快很多,预期成长和市值表现也更值得期待。比如:SHIB 在 2021 年用了 90 天达到了 100000 个持有者地址,而 PEPE 大概用了不到 30 天就破 10 万+持有者 。

观察头部 MemeCoin 的发展规律,当 Meme 叙事的共识性需求达到饱和以后,便会转向追求实质性的功能探索以扩张用户和支撑市值,如 DOGE 始宣布推出生态如 ShibaSwap、NFT 等。也就是说,第一阶段是先跑的金融飞轮,然后第二阶段是叙事落地。PEPE 币后期也将会在路线图阶段三的过程中,不断探索新的应用场景,以支撑其市值的增长。

3.3 差异优势

与其他 MemeCoin 相比,PEPE 具有天然的艺术性和传播性,PEPE 来源于 “Pepe the Frog” ,这是艺术家 Matt Furie 的原创作品,其角色自 2005 年以来就在互联网上流行,具有深厚的文化基础和辨识度。

这个积累多年流行的“Pepe the Frog” 模因是 PEPE 发展起来的核心因素。PEPE 利用该模因文化吸引力,巧妙的将区块链技术的优势与 PEPE the Frog 模因的传播性相结合,利用互联网文化的集体力量,通过加密社区的独特属性,创造出了 PEPE 这种社区共识极强的 Memecoin。

3.4 风险和问题

PEPE 做为 MemeCoin 的 TOP 3 代币,与其他 MemeCoin 一样,面临着波动剧烈和市值稳定性差的风险,一旦情绪转向市值和币价就会出现大幅下跌。虽然 PEPE 可能并已经给很多投资者带来了高倍率的收益回报,但是投资 MemeCoin 仍然需要谨慎和耐心。

另外,之前 PEPE 团队成员,从项目多重签名钱包中窃取了超过价值 1500 万美元 PEPE 的事件在社区中影响极大,现在随着 PEPE 的市值飙升,该事件似乎已经成为过往,但是是否依然有风险遗留,并且有可能造成社区动荡和代币市值波动依然存在未知,建议密切关注。

4、代币估值

4.1 代币模型

MIIX Capital:PEPE项目研究报告

PEPE 总供应量为近 4207 亿(420, 690, 000, 000, 000),这个数字是在向流行的 Meme 数字 4: 20 和 69 致敬(特定文化中这几个数字有特定含义)。官网宣称,PEPE 代币没有预售,零税收,LP 已销毁并且合约已放弃。

4.2 估值分析

MemeCoin 的估值模型与传统金融资产的估值模型存在很大差异,主要原因在于 MemeCoin 的价值主要取决于其叙事大小、情绪唤醒度频率和名人效应等因素,难以用数学模型精确量化。 虽然一些 MemeCoin 找到了整合 NFT、去中心化金融(DeFi) 或社区驱动计划的创新方法,但许多项目主要侧重于幽默和讽刺这种情绪价值,这种缺乏基本面技术价值的特性也导致了 MemeCoin 估值模型的局限性。

MIIX Capital:PEPE项目研究报告

首先,Memecoin 赛道中,TOP 1 的 DOGE 目前市值 208 亿美元(最高 1000 亿),SHIB 市值 140 亿美元(最高 500 亿美元),PEPE 目前市值 39 亿美元,它们都是全流通状态,而 PEPE 天然自有的传播属性让它在竞争中具有更大的比较优势,上涨能力和价值塑造能力都有很大的潜力。

其次,对于 Meme 而言,叙事即产品,文化即产品,社区即产品,虽然难以精确量化 MemeCoin 的价值,但可以参考一些估值公式进行模糊判断。公式中的叙事便是 Meme 产品本身,而数字则是一个难以准确计算的包含多重因素的偏离因子。如果延展开来,则估值= 叙事大小(影响市场的范围大小)+ 情绪的唤醒度频率 + 名人效应 ( KOL 认可度及带货能力)+SOV(Share of Voice:媒体比重占有率 ) 等多重因素的结合。

MIIX Capital:PEPE项目研究报告

在基于对市场趋势、历史表现、链上交易以及 Twitter 和新闻内容分析的 AI 生成的代币分数中,目前 PEPE 得分排名第二(63 分),这反映了在接下来的 24 小时内投资该代币的潜在机会更大。

PEPE 代币在过去 7 天内增长了 6.1% , 去 24 小时内在 Twitter 上受到了一些 KOL 的积极情绪。PEPE 被 6 位 KOL 提及了 8 次,总观看次数超过 208, 947 。提到 PEPE 的帐号包括 ColdBloodShill、cryptogems 555、ai_ 9684 xtpa。

PEPE 的估值 = 叙事大小(在 Memecoin 领域, 90 分/100) + 情绪的唤醒度频率(80 分) + 名人效应 ( 70 分)+SOV(50 分 ) = 290 分(总分 400 分)

MIIX Capital:PEPE项目研究报告

最后,截至 2024 年 5 月 15 日,Coinglass 数据显示:PEPE 的未平仓合约激增 24.43% ,达到 1.39 亿美元,而衍生品交易量激增 19.72% ,至 20.63 亿美元,这可能会进一步推动 PEPE 币的短期波动,加上近期不断涌入巨鲸的频繁交易,以及 Meme 行情周期的延续,市场对 PEPE 币的长期前景仍然保持乐观。

4、总结

作为 MemeCoin 项目,PEPE 缺乏实质性的产品技术支撑,同时,PEPE 团队之前恶意套现的黑历史,以及创始人可能面临的法律审查,都为 PEPE 的发展增添了更多的不确定,这也是投资 PEPE 时需重点考虑的风险因素。

但 PEPE 天生的传播属性,让它拥有独特的对比优势,并已经在社区和文化叙事方面的成功,在 MemeCoin 市场占据一席之地。而大量巨鲸对于 PEPE 的持续炒作,也为 PEPE 长期发展提供了一定的增长基础。

就目前市值来说,与 DOGE 和 SHIB 相比,PEPE 处于一个相对低估状态,有机会再大周期行情中获得更高的成长。但因为目前整体市场偏弱势,建议投资者采取谨慎观望的投资策略,密切关注项目团队的进一步动态,监控社区活跃度和市场情绪的变化,以便及时调整投资决策。

参考资源

【 1 】https://www.PEPE.vip/

【 2 】https://ai.0x scope.com/

【 3 】https://dune.com/wuligy/PEPE-metrics

【 4 】https://dune.com/cryptokoryo/Memelords

【 5 】https://www.coinglass.com/currencies/PEPE

【 6 】https://foresightnews.pro/article/detail/30961

【 7 】https://www.rootdata.com/Projects/detail/PEPE?k=NDE0Ng%3D%3D

备注:以上所有观点仅供参考,不作为投资建议。如果异议,欢迎联系指正。

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PEPE by Matt Furie: A Comprehensive Overview of $$pepe in the Crypto Landscape Introduction to PEPE by Matt Furie, $$pepe PEPE by Matt Furie, represented by the token $$pepe, merges the realms of cryptocurrency and internet culture through the adventurous journey of the famous Pepe the Frog meme. Originally conceived by artist Matt Furie, Pepe the Frog became an emblem of emotional expression and humor across social media platforms. The PEPE cryptocurrency project capitalizes on this nostalgia and popularity, aiming to integrate the decentralized benefits of blockchain technology while fostering a vibrant community environment centered around a shared love for the meme. Launched in April 2023, this ERC-20 token quickly captured the attention of crypto enthusiasts and meme aficionados alike, setting the stage for an engaging experience that attracts users seeking enjoyment through the world of cryptocurrency. What is PEPE by Matt Furie, $$pepe? PEPE operates as a meme coin on the Ethereum blockchain, functioning as an ERC-20 token. With its initiation in April 2023, the project swiftly gained traction, largely due to its association with the beloved Pepe the Frog meme. The focus of PEPE extends beyond mere market speculation; it aims to cultivate a community-driven approach where users can relish in an interactive platform. The project's structure emphasizes user engagement, promoting a sense of belonging and collaboration among its members. Given that meme coins often reflect cultural trends, PEPE intends to harness the powerful connection that internet memes have with users, ultimately attracting more individuals into the crypto space. Who is the Creator of PEPE by Matt Furie, $$pepe? The original Pepe the Frog meme was created by artist Matt Furie. Nonetheless, the PEPE cryptocurrency project does not have its creators publicly disclosed. 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This community-driven funding model embodies the essence of many contemporary meme coins, illustrating how collective participation can foster sustainable growth without reliance on traditional venture capital or industrial investors. How Does PEPE by Matt Furie, $$pepe Work? What sets PEPE apart are its unique operational mechanisms designed to engage users beyond typical market dynamics. 1. Redistribution Mechanism PEPE incorporates a redistribution model that rewards holders of $$pepe with a percentage of each transaction. By doing so, the project encourages its community members to hold onto their tokens for extended periods, creating a sense of loyalty and investment in the project's success. 2. Deflationary Burning Mechanism In addition to rewarding token holders, PEPE employs a deflationary burning mechanism. This regular reduction in the overall token supply serves two primary purposes: maintaining scarcity and potentially enhancing the market value of the remaining tokens. This method appeals to investors looking for a combination of innovation and economic viability within a project. 3. Interoperability Extending beyond Ethereum, the PEPE Bridge facilitates the transfer of $$pepe tokens across multiple blockchain networks, such as Binance Chain and Arbitrum. This interoperability enhances accessibility and encourages users to engage with the token across various platforms, broadening its appeal and usability. Timeline of PEPE by Matt Furie, $$pepe Understanding the evolution of the PEPE project is essential to grasp its significance in the cryptocurrency landscape. Here is a timeline highlighting pivotal events in the journey of PEPE by Matt Furie: April 2023: Launch of the PEPE token on the Ethereum blockchain, marking the beginning of its venture into cryptocurrencies. Early 2023: Rapid social media buzz gained momentum, primarily through platforms like Twitter, establishing a robust online presence. 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PEPE and $PEPE Gold: The Rise of a Meme-Based Cryptocurrency Introduction to PEPE, $PEPE Gold In the ever-evolving landscape of cryptocurrencies, PEPE, also known as Pepe Coin, represents a fascinating case study. Emerging from the playful realm of internet memes, this cryptocurrency draws its inspiration from the viral “Pepe the Frog” meme, which has permeated social media and various online cultures. By tapping into the community-driven nature of meme culture, PEPE aims to create an engaging platform for its users, leveraging the power of humor and shared experiences in the digital realm. What is PEPE, $PEPE Gold? PEPE is an Ethereum-based token that was officially launched in April 2023. Its primary focus is to capture the excitement surrounding meme culture, particularly during what is often referred to as the “memecoin season,” a period when similar projects witness significant market interest and engagement. The cryptocurrency is designed to facilitate transactions and interactions among a vibrant community that appreciates the humorous and cultural significance of its mascot, Pepe the Frog. The underlying blockchain technology provides a secure and decentralized environment for transactions, ensuring that users can trade and engage without the hindrance of centralized financial intermediaries. As a meme coin, PEPE caters to a demographic that thrives on community interaction, utilizing the viral nature inherent in internet culture to promote adoption and engagement. Creator of PEPE, $PEPE Gold One of the intriguing aspects of PEPE is the anonymity of its creators. In a space where many projects are launched by identifiable teams or individuals, PEPE stands out by being an anonymous venture. This anonymity is a common characteristic among meme-based cryptocurrencies, which often depend on community involvement and word of mouth rather than traditional marketing practices or established project management frameworks. While the lack of identifiable creators might raise eyebrows among some investors, it's also a point of relatability for the meme coin community, where collective participation and grassroots promotion are key elements of success. Investors of PEPE, $PEPE Gold Information regarding specific investment foundations or organizations backing PEPE remains elusive. The success of this project appears to be primarily driven by its robust community and the speculative interest of individual traders rather than institutional investments or major funding rounds. In the world of meme coins, the community plays a pivotal role, often rallying around the project through social media, forums, and discussion groups to support its growth and visibility. How Does PEPE, $PEPE Gold Work? At the heart of PEPE's operational mechanism is a unique approach that aims to combine financial incentives with community engagement. The project employs a deflationary model, which is achieved by burning a portion of tokens with every transaction. This mechanism is designed to create scarcity, potentially enhancing the value of the remaining tokens over time. Additionally, PEPE incorporates a redistribution system in which a fraction of each transaction fee is redistributed to existing token holders. This creates an incentive for users to hold onto their tokens, fostering a sense of community ownership and promoting long-term investment practices. Timeline of PEPE, $PEPE Gold The trajectory of PEPE since its launch is marked by significant milestones that reflect its growing influence in the cryptocurrency arena: April 2023: PEPE was launched, marking its entry into the competitive cryptocurrency market. Early May 2023: The project gained notable traction, with its market capitalization surging to over $1.5 billion, driven by a wave of community enthusiasm. Mid-2023: Following its peak, the market capitalization of PEPE stabilized around $700 million, reflecting a natural correction common in cryptocurrency assets. July 2024: Analysts began to highlight PEPE as a case study, examining how meme culture could yield significant returns amid evolving market trends. November 2024: Crypto analysts started to predict a potential rebound in PEPE's value, pointing to strong technical indicators and increased activity from larger investors, often referred to as “whales.” Key Features of PEPE, $PEPE Gold PEPE's design encompasses several features that distinguish it from other cryptocurrency projects: Deflationary Mechanism: By burning a portion of tokens with each transaction, PEPE aims to create scarcity, which can positively affect long-term valuation. Redistribution System: The project rewards existing token holders with a portion of transaction fees, fostering community loyalty and engagement. Community-Driven Approach: The strength of PEPE lies in its community involvement, harnessing the viral nature of memes to drive participation and interest. Blockchain Technology: Leveraging Ethereum's robust infrastructure, PEPE ensures secure and decentralized transactions, appealing to users wary of centralized financial systems. Conclusion PEPE, or Pepe Coin, has emerged as a notable player in the meme-based cryptocurrency space. While the anonymity of its creators and the absence of traditional investment backing may raise questions, the project's success can be attributed to its community-driven philosophy and innovative features such as its deflationary model and redistribution system. As the landscape of cryptocurrency continues to evolve, PEPE highlights the balance between culture and finance, illustrating how humor and community engagement can lead to substantial market interest and participation. With a firm footing in the meme economy and a roadmap ahead, PEPE stands as a testament to the adaptability and creativity of the cryptocurrency ecosystem.

3.4k Total ViewsPublished 2024.06.04Updated 2024.12.03

What is PEPE GOLD

What is R/PEPE

The Rise of Reddit Pepe: Exploring the New Frontier of Meme-based Cryptocurrency Introduction In the rapidly evolving world of cryptocurrency, new projects are continually emerging, each seeking to carve out a niche in an already crowded space. Among these innovations is Reddit Pepe, represented by its ticker symbol $R/PEPE. This project integrates the popular digital culture of memes, particularly the iconic character Pepe the Frog, with the social engagement principles of Reddit. The goal of Reddit Pepe is to create a vibrant community-driven ecosystem that not only embraces the entertainment aspect of memes but also encourages participation and engagement in the cryptocurrency market. This article will delve into what Reddit Pepe is, explore its creators, investors, and functionality, and highlight significant milestones in its development. What is Reddit Pepe ($R/PEPE)? Reddit Pepe is a cryptocurrency that fuses the universal appeal of online memes with an engaging community environment. At its core, the project aims to harness the viral nature of memes to create a user-friendly ecosystem where individuals can create, share, and trade memes effectively. By integrating the social experience reminiscent of Reddit, Reddit Pepe seeks to build an inclusive space that encourages creativity and interaction among users. Unlike many traditional cryptocurrencies with a singular focus on financial transactions, Reddit Pepe prioritizes social elements. Its foundation rests upon encouraging users to engage in meme creation, sharing these creations, and trading them within the community, thus infusing fun and creativity into the digital asset space. In essence, Reddit Pepe aspires to cultivate a lively culture around cryptocurrency that appeals to meme enthusiasts and crypto investors alike. Creator of Reddit Pepe ($R/PEPE) One of the intriguing aspects of Reddit Pepe is the anonymity surrounding its creator. As of the latest available information, there are no publicly disclosed details regarding the individual or group behind the project. This lack of transparency is not uncommon within the cryptocurrency sector, where many founders opt to remain anonymous, often to avoid scrutiny or potential regulatory challenges. The decision to keep the creators anonymous can create an element of intrigue and foster a sense of community among users who appreciate the project's concept without knowing the identities of its founders. This practice raises interesting discussions about trust and governance in cryptocurrency projects. Investors of Reddit Pepe ($R/PEPE) Information about the investors and financial backing of Reddit Pepe is equally scarce. No specific investment foundations or organizations have been publicly associated with the project. The omission of this information may stem from a desire to maintain a level of anonymity or the project’s preference for grassroots, community-driven funding approaches. The lack of publicly available investor data often leads to questions regarding the project's stability and sustainability. However, the emphasis on community involvement possibly suggests that Reddit Pepe is focusing on grassroots support rather than relying on traditional venture capital investment. How Does Reddit Pepe ($R/PEPE) Work? At the heart of Reddit Pepe is its decentralized platform, which allows users the freedom to create, share, and trade memes as unique digital assets. This decentralized nature is vital in fostering an environment of peer-to-peer transactions and interactions, enabling users to have more control over their creations and contributions to the community. The project's unique design revolves around creating an engaging experience for its users by using memes as a medium for expression and interaction. Here’s how it typically works: Creation of Memes: Users can create memes using the $R/PEPE cryptocurrency, tapping into their creativity. Sharing within the Community: Created memes can be shared on the platform, allowing for virality and reaching a broader audience, akin to the sharing culture of Reddit. Trading Mechanisms: Users can trade their memes for $R/PEPE tokens, creating a marketplace for meme assets. This trading can lead to increased value for popular or viral memes. Community Engagement: Integral to Reddit Pepe is the idea of community votes and interactions, where users engage with each other's work, fostering camaraderie and a sense of belonging. In summary, Reddit Pepe’s operational model thrives on the interconnectedness of meme culture and cryptocurrency, marking a significant innovation in the crypto space. Timeline of Reddit Pepe ($R/PEPE) Understanding the journey and important milestones of Reddit Pepe is essential in grasping its evolution. Here is a concise timeline of key events in its history: August 19, 2024: Reddit Pepe reaches its all-time high in activity and engagement, significantly drawing public attention and user participation. September 3, 2024: Following a peak in traffic and interaction, the project experiences a notable downturn, hitting its all-time low in terms of user engagement and trading. Despite this dip, the project showcased remarkable recovery efforts that reignited community interest and participation. Key Points About Reddit Pepe ($R/PEPE) Community Focus: A fundamental aspect of Reddit Pepe is its emphasis on building an interactive and engaging community. Meme Culture Integration: Utilizing the vast appeal of meme culture, Reddit Pepe seeks to transform the traditional cryptocurrency framework into a hybrid of entertainment and finance. Decentralized Platform: The project’s architecture allows for peer-to-peer transactions and interactions, echoing the essence of cryptocurrencies. Creator and Investor Anonymity: The lack of public information regarding the creator and investors encourages intrigue and discussion around trust and governance within the project. Conclusion Reddit Pepe ($R/PEPE) exemplifies a novel approach to cryptocurrency, tying together the sociable elements of meme culture and the potential financial advantages of digital assets. Its unique focus on community engagement, meme sharing, and creativity sets it apart from conventional projects, making it an exciting development within the crypto sector. While the anonymity of its creator and investors may raise questions, the core of Reddit Pepe lies in its community-focused mission. As the digital landscape continues to evolve, projects like Reddit Pepe remind us that cryptocurrency can be more than just financial instruments; they can also serve as platforms for creativity, expression, and social interaction, bridging the gap between technology and human experience.

6 Total ViewsPublished 2024.08.19Updated 2024.12.03

What is R/PEPE

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