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PepeCommon
47/100STRICT
Common
#48market cap18 Oct 2026

Pepe

Meme, adoption-led weightsMarket-cap rank 48, CoinGecko 23 Oct 2026
Fundamentals, not price
PillarRatingPosition on the 0 to 100 scaleWeightAdds
Sustainability38×0.166.08
Transparency38×0.124.56
RevenueN/ARemoved from the mean×0.08–
Innovation22×0.143.08
Community71×0.2618.46
Tokenomics47×0.2411.28
Weighted sum 43.46 over applied weight 0.9247.24Rounds to the published score47
Analysed
18 Oct 2026
Engine
v5.2.0
Computed
2026-10-18 05:26 UTC
Inputs hash
49c07d560eb7

Pro opens Pepe in full. Change, scenario, signal, risk factors, catalysts.

See plans

Research, not financial advice. Read the terms.

Pillar evidence

Input set 18 Oct 2026. 7 sources, 10 citations.
Each arc is one pillar rating, drawn to scale from 0 to 100.A dashed arc is a pillar that does not apply. It is removed from the mean.
Sustainability38

Can this project keep operating and funding itself for years?

Pure memecoin operating without developer funding, protocol treasury management, or recurring on-chain fee generation.12

Transparency38

Can outsiders see and check what the team and the protocol do?

ERC-20 contract source code is verified on Etherscan with renounced ownership, though project operations lack formal governance disclosures.34

RevenueN/A

Does the protocol earn real fees or income from use?

Not applicable. Weight 0.08 in the adoption-led profile, so it neither lifts nor lowers the score.

Innovation22

Is the technology being built and shipped, and does it matter?

Standard OpenZeppelin ERC-20 token implementation with zero transfer taxes and no custom cryptography or novel smart contract primitives.35

Community71

Who uses, builds and holds it, and how durable is that base?

Large global retail holder base with over 400,000 Ethereum addresses and active social media trading volume across major exchanges.64

Tokenomics47

Do supply, issuance and unlocks protect holders from dilution?

Fixed supply of 420.69 trillion tokens is fully circulating with zero unlock dilution, offset by high top-wallet concentration.71

Sources
  1. 1coingecko.com/en/coins/pepeCited for Sustainability, Tokenomics
  2. 2coinmarketcap.com/currencies/pepe/Cited for Sustainability
  3. 3etherscan.io/address/0x6982508145454ce325ddbe47a25d4ec3d2311933Cited for Transparency, Innovation
  4. 4etherscan.io/token/0x6982508145454ce325ddbe47a25d4ec3d2311933Cited for Transparency, Community
  5. 5defillama.com/protocol/pepeCited for Innovation
  6. 6x.com/pepecoinethCited for Community
  7. 7etherscan.io/token/0x6982508145454ce325ddbe47a25d4ec3d2311933Cited for Tokenomics

About Pepe

Analysis of 18 Oct 2026

PEPE is a decentralized meme token deployed as an ERC-20 smart contract on the Ethereum blockchain. Launched in April 2023 at contract address 0x6982508145454ce325ddbe47a25d4ec3d2311933, the project renounced contract ownership and burned initial liquidity pool tokens.

Full overviewShow less

Both total and circulating supply stand fixed at 420.69 trillion tokens, which eliminates future emission schedules or vesting unlocks. Zero transfer taxes apply to on-chain transactions, supporting frictionless trading across decentralized automated market makers and centralized exchanges.

Unlike infrastructure or decentralized finance protocols, the project maintains no formal development team, treasury, or software roadmap. Token demand relies entirely on cultural recognition, social media engagement, and speculative liquidity across global spot and perpetual futures markets.

Investment thesis

PEPE functions as a high-beta liquidity vehicle driven by retail social sentiment rather than protocol cash flows or fundamental network utility. Full circulation of the 420.69 trillion token supply removes structural dilution overhang from team vesting or venture capital unlocks.

Full thesisShow less

Deep order books across tier-one centralized exchanges and Ethereum decentralized exchanges allow traders to express directional views on memecoin risk appetite. Recent October 2026 market swings highlight this volatility, with a monthly rally rapidly pared by macro liquidations and rotation into newer meme narratives.

Fundamental value accrual remains absent because the contract generates no fees, staking yield, or governance rights for token holders. On-chain distribution data also shows substantial supply concentration among top whale wallets and exchange reserves, creating persistent liquidation risk.

Trading roughly 88% below its December 2024 peak, the asset faces severe drawdowns whenever speculative capital exits the meme sector. An AVOID rating reflects the complete lack of organic revenue or durable technological moats beyond transient attention cycles.

Strengths
  • Full circulation. The entire 420.69 trillion token supply is unlocked with zero future inflation or team vesting schedules.
  • Exchange liquidity. Deep spot and perpetual futures order books across tier-one exchanges support high daily trading volume.
  • Contract simplicity. Renounced ownership and zero transaction taxes minimize smart contract admin risk across Ethereum trading venues.
  • Cultural mindshare. Strong retail brand recognition keeps the token among the primary Ethereum memecoin trading vehicles.
Risks
  • Zero utility. The protocol provides no fee generation, staking yield, governance rights, or commercial product roadmap.
  • Whale concentration. Large token balances held by top wallets and exchanges expose retail buyers to sudden sell pressure.
  • Sentiment fragility. Valuation depends entirely on social media momentum rather than measurable developer or user adoption.
  • Narrative rotation. Newer meme tokens and utility-backed narratives frequently siphon speculative retail capital away from legacy memes.
Competitive position

PEPE ranks behind Dogecoin and Shiba Inu in multi-cycle cultural durability but leads most smaller Ethereum meme tokens in exchange liquidity. Recognizability and zero-tax ERC-20 simplicity remain its primary advantages.

Full positionShow less

Rival tokens with active developer teams or Layer-2 ecosystems offer stronger functional hooks for long-term holders.

Conclusion

PEPE offers deep exchange liquidity for short-term momentum traders on October 18, 2026, but lacks fundamental value drivers. Complete circulation of all 420.69 trillion tokens eliminates unlock dilution, and renounced contract ownership reduces administrative tampering risk.

Full conclusionShow less

However, zero protocol revenue, absent developer activity, and heavy whale wallet concentration create severe downside exposure during market corrections. Outside disciplined tactical trading with strict stop-loss limits, AVOID remains the appropriate rating for long-term capital allocation.

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