Hey crypto enthusiasts! 👋 Ever heard of a screaming rabbit taking over the Solana blockchain? Meet Peep ($PEEP), the meme token that’s chirping its way into the hearts (and wallets) of the crypto community. As your old pal from CoinDesk, now hanging out at Meme Insider, let’s dive deep into what makes PEEP tick, or should I say, peep.

What is Peep (PEEP)? The Solana Meme Coin Sensation

Peep, or as some call it, Peepo (SOL), is not your typical meme coin. Built on the lightning-fast Solana blockchain, PEEP is all about community, fairness, and a good dose of internet humor. Think of it as the digital embodiment of the “Pepe” meme culture, but with its own unique, screaming rabbit twist. You can find it chilling at token address 9Y1iXPq2CxjE45djDoX4in6ZPnMYsTwmA2zbcdRzpump on the Solana chain if you want to peek under the hood using Solscan.

Unlike many meme coins that launch with exclusive presales or hefty team allocations, PEEP took a different route – a path paved with airdrops and community love. They wanted to be transparent and fun from the get-go, aiming for organic growth powered by the people, for the people. Sounds refreshing, right?

Tokenomics: Peep Under the Hood

Let’s talk numbers. PEEP has a total supply of around 55 billion tokens, with a circulating supply hovering around 53.3 billion. What’s really cool is that the “mint authority” is revoked, meaning no new tokens can be created – talk about scarcity! As of April 2025, the fully diluted valuation (FDV) sits around $737,500.

Here’s the breakdown of their distribution strategy:

• Airdrop Magic: A whopping 80% of the total supply was airdropped to active Solana wallets. Yep, free tokens for the community! Over 45,000 unique holders snagged some PEEP in these airdrops back in late 2023. Reminds you of Bonk? They’re definitely playing in the same ballpark.
• Liquidity Pool Focus: The rest of the tokens are mainly chilling in liquidity pools. No team tokens, no dev allocations – nada. They even burned the LP supply on their end to reduce “rug pull” risks, which is always a good sign.

PEEP is primarily traded on decentralized exchanges (DEXs) on Solana, with Raydium being the main hub. You’ll find the PEEP/SOL pair there, with a liquidity pool around $138,110. You might also spot it on Orca or Pumpswap, but Raydium is where the party’s at for now. Don’t expect to see it on the big centralized exchanges (CEXs) just yet.

Market Performance: Riding the Meme Coin Waves

Like any meme coin worth its salt, PEEP’s price action is… well, let’s call it dynamic. As of April 2025, PEEP is trading around $0.00001344 on Raydium. The market cap is roughly $222,688, and the 24-hour trading volume on Raydium is around $3,385.73. Price changes? Expect some rollercoaster action! In a recent 24-hour window, it dipped about 4.26%, but over the last week, it’s actually up by 3.00%. Meme coins, gotta love ‘em! You can always check real-time price charts and trading history on platforms like Dexscreener.

Historically, PEEP hit an all-time high back in December 2023, but it’s been quite a ride since then. Volatility is the name of the game, so buckle up!

Community and Sentiment: Chirping Loud and Clear

What’s a meme coin without a vibrant community? PEEP’s got that covered. Their airdrop strategy helped them build a solid base of over 45,000 holders early on. You can feel the community vibe over on X (formerly Twitter), where they keep things transparent and community-focused. They’re all about organic growth, not those pump-and-dump schemes.

Over on Reddit’s r/solana, you’ll find folks discussing PEEP, with many appreciating its fair launch and community-driven approach. Some are naturally cautious about meme coins, but PEEP’s transparency seems to have earned it some trust. Lately, there’s been a renewed buzz, with people calling PEEP the token that’s “always watching, always chirping” – hinting at some viral potential.

Trading PEEP: Where to Get Your Screaming Rabbit Fix

Ready to dive into the PEEP pond? Here’s where you can snag some tokens:

• Decentralized Exchanges (DEXs): Your primary spot is Raydium. Just connect your Solana wallet and swap some SOL for PEEP. Keep an eye on Dexscreener for real-time price action and trading volumes.
• GMGN.AI: For a more advanced trading experience, check out GMGN.AI. This platform specializes in meme token analysis and trading. They offer smart money tracking, real-time analytics, and even automated trading bots (though automating trades is always at your own risk!). They even have a dedicated PEEP page on GMGN.AI with all the juicy details. Plus, GMGN.AI does security checks to help you avoid honeypots and high tax tokens. They charge a flat 1% transaction fee, and no subscriptions are needed for premium features.

Risks and Considerations: Meme Coins are Wild Rides

Let’s keep it real – meme coins are risky business. PEEP is no exception. Here are a few things to keep in mind:

• Volatility, Volatility, Volatility: Did I mention volatility? Meme coins swing wildly. PEEP has seen some crazy price jumps and drops. Only invest what you can afford to lose.
• Limited Utility: PEEP is primarily a meme coin. Its value is tied to hype and community sentiment, not necessarily to real-world use cases.
• Market Sentiment Dependent: Meme coins live and die by trends. If the meme hype fades, the price can tank.
• Rug Pulls? While PEEP has taken steps to reduce rug pull risks (burned LP, revoked mint authority), always be cautious in the crypto world.

Conclusion: To Peep or Not to Peep?

PEEP token is an interesting experiment in the Solana meme coin space. Its community-driven approach, fair launch, and focus on transparency are definitely plus points. It’s got a lively community and some viral meme potential.

However, like all meme coins, PEEP is a high-risk, high-reward play. Its price is volatile, utility is limited, and it’s heavily reliant on market sentiment. If you’re looking for the next serious DeFi protocol, PEEP isn’t it. But if you’re into meme culture, community-driven projects, and are comfortable with the risks of the meme coin casino, PEEP might be worth a peep.

Disclaimer: This is not financial advice! Crypto, especially meme coins, is super risky. Do your own research, understand the risks, and never invest more than you can afford to lose. Now, go forth and peep responsibly! 😉