Pepe Coin was launched in April 2023 and has since become one of the fastest-growing meme coins, reaching a market capitalisation of over $4.7 billion. As a result, on September 27, 2016, the once-innocent image of Pepe the Frog was added to The Anti-Defamation League’s (ADL) «Hate on Display» database. ADL’s Hate on Display database is a list of symbols and images that are used to spread hate openly and covertly both online and in real life. In 2008, a picture of a defeated-looking Pepe pulling his pants down to urinate with the remark «Feels good man» was posted on the imageboard site 4chan.
In the coming days, the news sites The Daily Dot,49 Vox50 and IBI Times51 published articles about the tweet, referring to the Smug Pepe illustration as a «racist meme» and «white supremacist symbol.» It’s completely insane that Pepe has been labeled a symbol of hate, and that racists and anti-Semites are using a once peaceful frog-dude from my comic book as an icon of hate, it’s a nightmare, and the only thing I can do is see this as an opportunity to speak out against hate. In 2016, The Daily Beast interviewed a white supremacist who claimed there had been a campaign by his people on 4chan to reclaim Pepe the Frog from the «normal» people. By this time, even presidential candidate Donald Trump a Pepe the Frog meme. He’s a children’s book author, an unlikely gladiator, except for how he isn’t. In 2020, creators’ struggle to wrest ownership of their art from the internet is the biggest dustup in town.
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The team sent these tokens to liquidity pools for trading, and burned (permanently destroyed) their liquidity provider tokens (LP tokens). The humble internet frog Pepe has been on a wild ride over the last 15+ years, but he and his offspring like Peepo don’t seem to be going away anytime soon. Even though the edgy Pepes will undoubtedly continue, it will be very interesting to see how the meme evolves by the time he reaches 30. Created back in the long-long ago of 2005 by cartoonist Matt Furie, Pepe first appeared in a comic called and wasn’t much more than a recurring character there for the first bit of his life. Pepe the Frog is one of the most well-known and widespread memes around, and over the decade and a half he’s existed, it’s also one of the most interesting stories the internet has to offer.
- This feature has become increasingly popular among crypto creators as a means of mitigating fears of rug pulls and other fraudulent activity.
- By this time, even presidential candidate Donald Trump a Pepe the Frog meme.
- It’s entirely possible volatility could continue to increase as new features emerge and more traders join the market.
- Patrick has over seven years of experience in the crypto space and has previously shared his knowledge with the AML and fraud departments of Australian financial Institutions.
- On June 14th, 2017, Twitter user @RBraceySherman77 posted several tweets claiming that a «white supremacist» named Jacob sent her an AirDrop request over Bluetooth at the airport, which contained an image attachment featuring the Smug Frog depiction of Pepe (shown below).
Documentary
The ADL’s online hate symbol database is designed to help law enforcement, educators, and members of the general public identify potentially hateful images, explained Oren Segal, the director of the organization’s Center on Extremism. Now, with things like Pepe the frog, anti-Semitic images are originating and circulating almost primarily on social media. The trader is benefitting from the breakneck rally of a coin based on the “pepe the frog” meme, a popular symbol in crypto circles.
You can usually find this page by searching for ‘Pepe is cryptocurrency property Coin’ or ‘PEPE’. Another concern is the anonymity of the founders, which can make it difficult to assess the project’s legitimacy and long-term viability. While some investors may view this as a minor issue, others may see it as a major red flag, particularly in light of past instances of anonymous teams behind viral projects stealing funds or engaging in other malicious activities. «I’m a lifelong artist,» said Furie, who lives in Los Angeles’ Koreatown neighborhood. «Hate and racism couldn’t be further from something on my radar. I try to focus on positivity and nature and animals.»
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It’s entirely possible volatility could continue to increase as new features emerge and more traders join the market. The remaining tokens are reportedly held by the creator(s) of the Pepe crypto project, in a multi-signature crypto wallet. According to the website, these tokens are set aside for future development and listing purposes. The creators of Pepe also added they’ve renounced their ownership of the contract. This decision means they purportedly no longer have any control over the cryptocurrency, including the ability to modify its code. This feature has become increasingly popular among crypto creators as a means of mitigating fears of rug pulls and other fraudulent activity.
The ADL noted that cartoonist Furie created the frog cartoon and gave him the catchphrase «feels good, man» but that the image and phrase had been appropriated by social media users, «turning him into a meme, placing the frog in a variety of circumstances and saying many different things.» By 2017, notable public figures like Katy Perry, Nicki Minaj, and the fast-food restaurant Wendy’s, had posted Pepe the Frog memes on Twitter for their followers. Unfortunately, through his online popularity, Pepe the Frog had also attracted the attention of the alt-right and white supremacists. A meme coin investor swapped 0.125 ETH, worth about $250, for a whopping 5.9 trillion PEPE tokens. As interest in the meme coin grew, the value of those tokens surged to about $1.8 million by April 19, 2023, yielding a potential return of roughly 4,500 times the initial investment.
Origin: Boy’s Club
Most exchanges accept a variety of payment methods, including bank transfers, card payments and other cryptocurrencies. Choose the payment method that works best for you and follow the instructions to deposit funds into your account. To buy Pepe Coin, you’ll need to create an account with a reputable crypto exchange that lists the coin. Some popular exchanges that list Pepe Coin include Kraken and Binance. Ultimately, buying a meme coin should be done with caution and a clear understanding of the risks involved.
One comic in particular featured Pepe urinating with his pants pushed all the way down to his ankles, explaining to his roommate that it «feels margin trading strategies good, man.» It was a punchline that became a slogan for a certain carefree lifestyle that thrives in between beers and bong hits. From there Pepe was excerpted, repeated, excerpted, repeated — each time drifting further away from his original context, and away from Furie’s hands. The new documentary Feels Good Man shows how the frog went from innocent cartoon character to powerful political tool. PEPE employs a redistribution system that rewards long-term stakers, offering them incentives to remain committed to the project. This approach encourages coin stability by rewarding users for holding the token rather than selling it quickly.
Copycat projects are common in crypto, not just within the meme coin sector. Scammers spin up new crypto projects to appear identical to other official platforms. This deception critical code studies wikipedia may be to encourage them to buy their doppelgänger token instead, steal personal information, or infect their devices with malware. As the broader meme coin market took hold in 2024, thanks to the rise of coins on Solana and the popularity of launchpad Pump.fun, PEPE was flung into the spotlight as a longer-standing and in-demand token. According to Know Your Meme, users began creating their own Pepe images in 2008 in forums on the imageboard site 4chan. These Pepes, riffing on the frog’s signature smile, spread online as a humorous reaction, much as people post GIFs to illustrate how they feel about something.