PEPE is a meme coin launched in April 2023 on the Ethereum network, inspired by the popular Pepe the Frog internet meme. It was created as a community-driven token and does not promise any specific utility or roadmap. Its total supply is fixed at 420.69 trillion tokens, which is why a single coin is priced in tiny fractions of a dollar.
Why is PEPE popular?
PEPE became popular because of its strong meme culture and an active online community. Like other meme coins, its price is driven largely by trading activity and market sentiment rather than by a product or technology. This makes it one of the most closely watched meme coins among Indian traders, and also one of the most volatile.
How to buy PEPE on SunCrypto?
Purchasing PEPE in India is straightforward, but choosing a reliable exchange is essential. Suncrypto offers a regulated and secure way to buy and trade this asset. Here’s how you can buy and trade this coin easily:
- Download the Suncrypto app from the Google Play Store or the Apple App Store.
- Register and complete the KYC process, then link your bank account within the app.
- Deposit INR using UPI, RTGS, IMPS or a bank transfer (NEFT).
- Search for PEPE in the INR market section and select it.
- Tap the “BUY” button, enter the desired purchase amount, and proceed by clicking “PAY”.
- Enter your MPIN to confirm and complete the transaction.
Once you’ve completed your purchase, you can check your holdings in the portfolio section. PEPE is currently available on Suncrypto for both Spot and Futures trading.
Buy, sell, and own PEPE instantly
Suncrypto’s spot trading facilitates buying and selling of the coin at the live market prices, where you own it instantly once the order is executed. Users can buy and sell this coin for a minimum INR margin of ₹120.
Go long or short on PEPE Futures in INR & USDT margin
Suncrypto’s Futures Trading feature allows users to trade crypto derivatives with both INR and USDT margin options on the coin. The platform allows eligible users to trade this assets futures with the lowest INR of ₹100. Users can trade with up to 50x leverage, amplifying the profit potential to a great extent. Instead of purchasing the underlying asset, traders speculate on future price movements and can take either long or short positions depending on market sentiment.
PEPE price overview
At the press time, PEPE was trading at $0.054547 with an intraday gain of 7.8%. Its market capitalization was $1.913B and the 24 hour trading volume was $490.941M. It has a circulating supply of 420.69T PEPE and total supply is 420.69T PEPE, and the maximum supply is 420.69 PEPE.
PEPE price technical analysis over 1-D timeframe
The asset has been in a recovery phase since July. After spending June and July moving in a tight range near the $0.0000025 to $0.0000030 zone, the price started forming higher lows, and in late August it broke out sharply. From there, it continued to make higher highs and higher lows on the daily chart, and the rally peaked near $0.000005366 in the third week of September, which is now the key resistance level.
After that peak, the price pulled back and found support near $0.000003178, then made another higher low around $0.000003778 in early October. This level has held on multiple retests, including the sharp wicks in the first half of October, and each time buyers stepped in. This keeps the higher-high and higher-low structure intact.
Source: PEPE/USDT price chart over 1-D timeframe by TradingView
If buyers manage to push the price above the previous high of $0.000005366 on a daily close, the uptrend may continue, and the price can extend further higher. Rising trading volume and open interest would add strength to this move.
Conversely, if the PEPE price faces rejection near the previous high, traders might prefer to book profit. If profit booking increases and the price closes below the $0.000003778 support, sellers may take control, the higher-low structure would break, and the price could drop to the $0.000003178 level.
Final thoughts
PEPE is one of the better-known meme coins, and its price depends heavily on community interest and overall market sentiment. With the asset now on SunCrypto, users can buy it directly on the Spot market or trade its price movements on Futures with Long or Short positions.
As with any crypto asset, it can be very volatile, and meme coins can move sharply in either direction. Before entering a position, consider support and resistance levels, trading volume and overall market sentiment, size your position carefully, and use risk-management tools such as Stop Loss, especially when trading Futures with leverage. Technical analysis can help identify possible scenarios, but it does not guarantee future price movements.
What is PEPE and how does it work?
It is a meme coin launched in 2023 on the Ethereum network, inspired by the Pepe the Frog meme. It has a fixed supply of 420.69 trillion tokens and is traded mainly on market sentiment and community interest rather than on any built-in utility.
How can I buy PEPE on Suncrypto?
You can buy the coin by downloading the SunCrypto app, completing KYC verification, linking your bank account, and depositing INR via UPI, RTGS, IMPS or bank transfer. Once funded, search for it in the INR market section, tap “BUY,” enter your amount, and confirm with your MPIN.
What is the minimum amount required to buy or trade PEPE on SunCrypto?
For spot trading, the minimum INR margin is ₹120. For futures trading, users can start with as little as ₹100 and trade with up to 50x leverage.