Ezra Icy
Key Takeaways
- PEPE and MEME are two popular meme coins that share several similarities as well as differences.
- Primarily, PEPE and MEME differ based on their origin, features, development team, supply, and market capitalization.
Meme coins took center stage in the crypto industry with their widespread adoption and unique characteristics. The creation of the BRC-20 token standard further increased meme coin hype by introducing meme coins on the Bitcoin blockchain. Among them, PEPE and MEME are the two most popular BRC-20 tokens that are gaining attention recently.
PEPE and MEME share multiple differences despite both being top BRC-20 tokens. The main difference between PEPE and MEME is that the PEPE coin was created based on the popular “Pepe the Frog” internet meme and MEME token was created as a representation of all the internet memes. Let us examine PEPE vs MEME and learn more differences between them.
About Pepe Coin (PEPE) in Brief
Pepe coin shook the entire crypto industry, not just meme coin space, in the beginning of 2023. It is creased based on the popular internet meme we all love i.e., “Pepe the Frog” by Matt Furie. However, the project made it clear that there is no relation between Pepe coin and Matt Furie, the original cartoon creator of the Pepe frog.
Pepe coin created history being one of the rarest cryptocurrency to reach a $1 billion market cap within a month of its launch. Popular crypto exchanges listing the token on their platforms is one of the reasons behind its short-term widespread adoption. No tax policy and deflationary token mechanism are the noteworthy features of the Pepe coin.
About Meme Coin (MEME) in Brief
Several BRC-20 tokens sprung up after the Ordinals protocol was implemented on Bitcoin, enabling the creation of fungible and non-fungible tokens. MEME is one among these tokens that quickly gained traction with its unique nature.
While some top meme coins like Dogecoin and Shiba Inu are dog-based meme coins and PEPE is based on the frog-based meme coin, MEME token is not limited to a single set of meme coin community. MEME coin represents all the popular and most loved internet memes. It was created by a group of developers with the name “Memes On Bitcoin” and also expanded to the NFT space by launching 4 types of NFT collections.
PEPE vs MEME: 5 Major Differences to Know
PEPE and MEME share both similarities and differences. While the similarities are often easier to notice, we find it difficult to differentiate between these two. Starting with the origin and purpose of the meme coin to its features and use cases, PEPE and MEME share multiple differences. We will discuss 5 major differences here in the following section.
Origin of Crypto & Logo
Pepe coin was launched in April 2023 by taking inspiration from the “Pepe the Frog” internet meme. Pepe the Frog is a beloved internet meme that itself originated from the cartoon character who goes by the same name in comic book, “Boy’s Club”. On the other hand, MEME token was launched in March 2023 as a representation of all the popular internet memes.
Pepe coin has a distinct green color frog face as its logo while MEME’s logo is the crying bald person with spectacles, which is used in most of the internet memes.
Price & Market Capitalization
Market price and market capitalization are one of the obvious differences between these two meme coins. While Pepe coin price is trading at $0.00000110, MEME is trading at $36.38 at the time of writing, leading investors to wonder if MEME is worth the hype. Coming to the market capitalization, PEPE is valued at $464,694,395 and MEME’s market cap is $3,649,084 as of December 2023.
Token Supply & Circulation
Another major difference between PEPE and MEME is their token supply and circulation. Pepe coin has a limited token supply of 420.69T and its entire token supply is in circulation. The deflationary mechanism of Pepe is a plus point to reduce the token supply and increase its value over time. On the other hand, MEME has a very small total supply of 99,999 tokens and a circulating supply of 93,999.
Features & Use Cases
PEPE and MEME also differ based on their features and use cases. Being meme coins they do not have vast real world applications like we see in altcoins. While PEPE stands out with its features like no tax policy, deflationary mechanism, and redistribution system, MEME coin has no such noteworthy features.
Development Team & Roadmap
Even though Pepe coin was initially launched by anonymous creators, rumors surfaced stating Zachary Testa is the creator. Founder of NotLarvaLabs, Pauly posted on X stating that Zachary Testa is the actual founder of Pepe coin and has made his net worth and a purple Lamborghini worth $865k from the meme project. However, there is no official confirmation.
Whereas the MEME token was launched by an anonymous creator(s) with the name “Memes On Bitcoin”. There are no other details available about the founders of MEME. While Pepe coin roadmap has 3 stages of Meme, Vibe and HODL, and Meme Takeover, MEME has no clear roadmap or future plans.
Conclusion
Pepe coin and MEME are the two top BRC-20 meme coins that are unique from other meme coins with their nature. Even though both are powered by the Bitcoin blockchain and both are meme coins, they share clear differences. PEPE vs MEME is an interesting space to look into and notice differences to make an informed investment decision. We hope the present article provided the insights you were searching for to learn differences between PEPE and MEME.
Frequently Asked Questions (FAQs)
Pepe coin became quickly popular after its launch because of the hype around its underlying meme “Pepe the Frog”. The founding team circulated frog-based memes across their social channels increasing the interest and adoption of the token in the initial days.
Both PEPE and MEME are meme coins with no real world utility and clear roadmap for future developments. Both are equally volatile and risky while the Pepe coin is slightly more than MEME. So, you must do your own research and invest in the one that is suitable for your requirements.
