PeiPei (PEIPEI) isn’t a revolutionary blockchain project. It doesn’t solve a problem. It doesn’t have a team, a roadmap, or a product. It’s a meme coin - a digital joke with a price tag. Launched in June 2024, it blends the internet-famous Pepe the Frog image with Chinese cultural symbols, targeting a niche group of crypto traders who enjoy the chaos of meme-driven markets. But if you’re thinking about buying it, you need to understand exactly what you’re getting into: a high-risk gamble with almost no safety net.

What PeiPei actually is - and what it isn’t

PeiPei (PEIPEI) is an ERC-20 token built on the Ethereum blockchain. Its contract address is 0x3fFEea07a27Fab7ad1df5297fa75e77a43CB5790, and it’s been verified on multiple blockchain explorers. But here’s the key: the project’s own documentation on IQ.wiki (October 2024) says outright that PeiPei has no intrinsic value. There’s no utility. No DeFi integrations. No NFTs. No marketplace. No team behind it. It’s not even officially connected to Matt Furie, the original artist of Pepe the Frog. It’s just a meme, turned into a token.

It has a fixed supply of 420.69 trillion tokens - a number chosen to echo other meme coins like Dogecoin and PEPE. There’s no buy or sell tax, which sounds good on paper, but it doesn’t help when there’s almost no liquidity. The token’s entire purpose, as stated by its creators, is entertainment. That’s it. No promises. No future plans. No roadmap. Just a digital inside joke with a ticker symbol.

Price history and current market status

PeiPei had a wild launch. It hit its all-time high of $0.0000003943 just weeks after release in June 2024. That was it. Since then, it’s been a steady decline. As of November 2025, the price hovers around $0.00000007244144 - down more than 80% from its peak. That’s not a correction. That’s a collapse.

Its market cap sits at roughly $5.36 million, placing it around #1382 to #1480 on CoinMarketCap and LiveCoinWatch. For context, Dogecoin’s market cap is over $24 billion. Shiba Inu is at $13 billion. Even PEPE, another meme coin, trades at $3.5 billion. PeiPei is a drop in the ocean. It’s one of over 15,000 meme coins in existence as of late 2025. Most of them have already vanished. PeiPei is still alive - barely.

Trading PeiPei: How it works and why it’s risky

You can buy PeiPei on decentralized exchanges like Uniswap, using Ethereum and a wallet like MetaMask or Trust Wallet. The process is simple: connect your wallet, swap ETH for PEIPEI, and you’re in. But here’s where things get dangerous.

Trading volume is tiny - around $663,400 in 24 hours. That’s less than 0.001% of Bitcoin’s daily volume. What does that mean? If you try to sell more than $500 worth at once, you’ll likely crash the price. Slippage of 5% to 15% is common. You might buy at $0.00000007 and end up selling at $0.00000006 because there aren’t enough buyers.

There’s no official customer support. No help center. No documentation beyond a 3-page website. If your transaction fails during Ethereum network congestion (which happens in 22% of cases during peak times), you’re on your own. You can’t call anyone. You can’t email anyone. The only “support” comes from Telegram groups with under 4,000 members - and even those are mostly filled with pump-and-dump chatter.

Community and social media: A fading echo

PeiPei’s community is shrinking. Its Telegram group, @PeiPeiOfficial, had over 5,200 members in August 2024. Now it’s at 3,842. The Twitter account, @PeiPei_Coin, has lost 18% of its followers since its peak. The Discord server has under 2,000 members. That’s not a thriving community. That’s a dying one.

The only official initiative was the “PEIPEI Creator Competition,” launched in October 2024. It invited users to make memes and art. It got 147 entries. No follow-up. No rewards announced. No impact. No momentum. Meanwhile, Reddit threads in r/CryptoMoonShots show 87% negative sentiment. Users complain about being stuck with tokens they can’t sell. Others say they made a quick profit early and then lost everything trying to re-enter.

How PeiPei compares to other meme coins

PeiPei doesn’t just trail behind big meme coins - it’s in a completely different league.

PeiPei has no ecosystem. No partnerships. No real use case. It’s not accepted anywhere. It doesn’t integrate with wallets beyond basic ones. It doesn’t have a token burn. It doesn’t reward holders. It’s just a token with a cute logo and a lot of noise.

Expert opinions and warnings

Crypto analysts are blunt about tokens like PeiPei. Michael van de Poppe, a well-known crypto educator, called similar low-cap meme coins “pure gambling vehicles with no fundamental basis.” He didn’t name PeiPei specifically, but his description fits perfectly.

Delphi Digital’s November 2025 report predicts that 40-60% of meme coins will vanish by the end of 2026. Why? Because regulators are cracking down. The SEC’s November 1, 2025, framework explicitly flagged tokens with “no team, no utility, pure meme-based” as high-priority targets for enforcement. PeiPei ticks every box.

Even the most optimistic forecasts are bleak. Stealthex predicted PeiPei could hit $0.00000135 by 2030 - a 3,500% increase. That would still give it a market cap of only $568 million. That’s not enough to crack the top 500 cryptocurrencies. Gate.io’s analysts, meanwhile, think it’ll max out at $0.0000001 by 2035 - barely above its current price.

And here’s the kicker: CoinGecko’s data shows that 99.2% of meme coins launched in 2024 have already become completely illiquid or worthless. PeiPei is still trading - but that doesn’t mean it’s safe. It just means it hasn’t died yet.

Should you buy PeiPei?

If you’re asking this question, you’re probably already tempted. Maybe you saw a TikTok video. Maybe a friend said they made 50x. Maybe you think “it’s just a few dollars.”

Here’s the truth: if you buy PeiPei, you’re not investing. You’re gambling. And the odds are stacked against you.

Only two types of people profit from PeiPei:

1. Those who bought at launch and sold before the crash.
2. Those who are holding large amounts and manipulating the price to dump on retail traders.

Everyone else loses. The data is clear: 95% of holders of meme coins under $10 million market cap lose money within six months, according to crypto educator MemeCoinProfessor. PeiPei is under $6 million. The math doesn’t lie.

If you still want to try it - and you understand you might lose everything - then keep it under $50. Treat it like a lottery ticket. Don’t go all in. Don’t chase pumps. Don’t believe the hype. And never, ever use money you can’t afford to lose.

Final reality check

PeiPei isn’t a cryptocurrency in the way Bitcoin or Ethereum is. It’s not a store of value. It’s not a payment system. It’s not a technology. It’s a social experiment wrapped in a meme. It has no future. No team. No plan. No authority. Just a price chart and a bunch of people hoping someone else will pay more tomorrow.

If you’re looking for real crypto projects with utility, transparency, or long-term potential, PeiPei isn’t it. If you’re looking for a thrill, a laugh, or a way to waste a few dollars - then maybe, just maybe, you’ll find a moment of entertainment in it. But don’t call it an investment. Don’t call it a future. Don’t pretend it’s anything more than what it is: a digital joke with a ticker symbol.