Recently, the crypto community buzzed with excitement as BSCNews shared a fresh analysis on $PEPE, the legendary memecoin inspired by Pepe the Frog. In their tweet, they teased: "Discover the memecoin OG that is @pepecoineth... Does this Ethereum-based legend still have potential?" linking to a comprehensive breakdown on their site. As meme token enthusiasts, we at Meme Insider couldn't resist diving in to unpack the key takeaways for you. Whether you're a seasoned holder or just frog-curious, let's hop into what makes PEPE tick—and if it's still worth a leap in 2025.

For those new to the pond, PEPE isn't just any token; it's a nod to early internet culture. Launched in April 2023 on the Ethereum blockchain, PEPE draws from Matt Furie's 2005 comic character, Pepe the Frog, which exploded into meme stardom. Unlike utility-driven projects, PEPE proudly offers zero promises—no roadmap, no fancy tech, just pure meme magic. Its website even jokes about a "meaningless" path forward, embracing the absurdity that fuels memecoins.

PEPE's ride has been anything but smooth. Minted amid the fallout from FTX and Terra/LUNA crashes, it skyrocketed to a $1.5 billion market cap in under a month. After a lull, it surged again in early 2024, peaking at nearly $6.5 billion before stabilizing. Fast forward to September 2025, and PEPE boasts a market cap over $4 billion, ranking #31 on CoinMarketCap—outranking heavyweights like NEAR and APT. Daily trading volumes? Often in the hundreds of millions, with listings on every major exchange from Binance to Coinbase.

Diving into the tokenomics, PEPE has a massive supply of about 423 trillion tokens, held by over 481,000 wallets. But here's the catch: a handful of whales control big chunks. Thirteen addresses hold over 1% each, including exchanges and a burn wallet with nearly 7 trillion tokens. Five mystery whales alone grip 10.66% of the supply, worth around $440 million today. This concentration spells volatility—if they dump, prices could plunge.

Market-wise, PEPE hit an all-time high of $10.4 billion in December 2024, but it's no stranger to dips, like sliding to $2.93 billion by March 2025. A 2023 scandal where ex-team members allegedly swiped 16 trillion tokens (valued at $15 million then, $155 million now) rocked the boat, but PEPE bounced back, proving its resilience.

So, does PEPE still have legs? The analysis suggests mixed vibes. Its size offers some stability—hard to rug-pull a $4 billion giant—but without utility, it's pure speculation. Massive growth like 100x seems unlikely; that'd push it past $400 billion, eclipsing XRP or BNB. Future pumps might tie to broader memecoin trends on Ethereum, but saturation on exchanges means no big listing boosts ahead.

At Meme Insider, we see PEPE as a cultural staple, a top-three memecoin behind DOGE and SHIB. It's decoupled from Pepe's real-world controversies, focusing on nostalgic fun. If you're eyeing it, remember: high risk, high reward. Always DYOR, manage your risk tolerance, and don't bet the farm. For the full scoop, check out the original BSCNews analysis. What's your take—bullish on the frog or time to hop out? Share in the comments!