PEP Pepecoin Rank #1055

Pepecoin (PEP) is a layer 1 cryptocurrency built around a community-driven concept, founded by an early participant in the original Dogecoin community from 2013. The project was designed to recreate the informal, social atmosphere that characterized the early Dogecoin ecosystem, positioning itself as a fun, community-oriented chain rather than a technically ambitious one. Technically, Pepecoin operates as its own blockchain secured by a proof-of-work consensus mechanism using the scrypt hashing algorithm. This makes it merge mineable with other scrypt-based networks, including Litecoin and Dogecoin, with merge mining enabled from block 100,000 onward. The coin was distributed through a fair launch with no premine, preallocation, or ICO, placing it firmly in the grassroots tradition of early meme-influenced cryptocurrencies. Pepecoin is widely categorized as a meme-themed asset, drawing on frog and 4chan-derived internet culture, and it is associated with the loose collective of community-run meme coin projects.