PEIPEI Token: The Rise of a New Frog? PEIPEI Token vs. PEPE

/Oct 24, 2025

Key Takeaways

• PEIPEI is a new contender in the memecoin market, potentially following in the footsteps of PEPE.

• It's crucial to verify the correct token and contract before investing in memecoins.

• Evaluating liquidity, ownership, and community engagement is essential for assessing the viability of new tokens.

The memecoin wave hasn’t crested yet. As communities continue to coalesce around simple ideas and viral imagery, frog-themed tokens remain powerful magnets for retail attention. PEPE, launched in 2023 on Ethereum, matured into one of the largest memecoins by market capitalization and liquidity depth. Now, a new name is bubbling up in conversations and timelines: PEIPEI. Is it the next frog, or just another ripple in an increasingly crowded pond?

This article offers a practical framework to compare PEIPEI against PEPE, grounded in on-chain verifications and market structure, and outlines how to manage the specific risks that come with chasing early memecoin narratives.

A quick refresher on PEPE

PEPE is an ERC‑20 token with a large, active community and significant centralized exchange coverage relative to many newer memecoins. Its on‑chain activity and liquidity footprint on Ethereum make it a useful baseline for evaluating other frog‑branded tokens. For reference:

See PEPE’s market stats on CoinMarketCap, including live market cap, supply and listings (PEPE on CoinMarketCap).
Verify PEPE’s canonical contract address and on‑chain events (PEPE contract on Etherscan).

If you’re new to ERC‑20 tokens, Ethereum’s official documentation is a good primer on token standards and how transfers, approvals, and allowances work (ERC‑20 standard overview).

Enter PEIPEI: what to verify before you ape

Because memecoin launches can be chaotic, the most important step is verifying you’re looking at the correct token and contract. Names are easy to spoof; contracts are not.

1) Chain and contract verification

Confirm the chain first. Is PEIPEI on Ethereum, Solana, or another network? Different chains mean different tooling and risk profiles.
Use canonical explorers:
- Ethereum verification: search by token address on Etherscan (Etherscan).
- Solana verification: search by mint and program on Solscan (Solscan).
Cross‑check the token’s official social channels and pinned posts for contract addresses. If multiple addresses circulate, assume risk until verified via the project’s primary source and the explorer.

2) Liquidity depth, locks, and top holders

Evaluate liquidity pools: size, number of pools, and where they sit (e.g., Uniswap on Ethereum or Raydium on Solana).
Look for liquidity lock or vesting information. If the liquidity is not locked or is controlled by a single wallet, the project carries higher rug‑pull risk.
Inspect holder distribution: a large share in a few wallets can enable price manipulation. Explorers provide holder breakdowns and analytics (Etherscan for Ethereum; Solscan for Solana).

3) Taxes, ownership, and permissions

Some memecoins implement buy/sell taxes. If taxes exist, understand their destination and the contract’s upgradeability.
Check whether contract ownership is renounced or held by a multisig, and whether there are privileged functions such as pausing transfers or adjusting fees.
Review your token allowances regularly and revoke unused approvals. Ethereum users can use Etherscan’s Token Approval Checker to view and manage approvals (Token Approval Checker).

4) Community traction and sustainability

Gauge the consistency of community activity across Telegram, X, Discord, and GitHub if applicable.
Look for third‑party coverage, dashboards, or on‑chain analyses that corroborate key metrics (e.g., unique holders, active wallets, volume). Category‑level market views can help contextualize growth claims (Meme Token category on CoinGecko).

2025 backdrop: memecoins, throughput, and fees

Memecoin activity has remained strong, with retail volumes rotating between chains based on fees, UX, and liquidity. Ethereum provides deep liquidity and broad tooling, but gas costs can spike during peak periods (Ethereum Gas Tracker). In contrast, high‑throughput chains like Solana have attracted retail order flow for fast, low‑fee trading and speculative launches (Solana chain overview on DeFiLlama), while Ethereum remains the anchor for large‑cap tokens like PEPE (Ethereum chain overview on DeFiLlama). Monitoring chain volumes and DEX activity can help identify where liquidity is consolidating at any given time.

A side‑by‑side framework: PEIPEI vs. PEPE

Rather than relying on slogans, use on‑chain evidence to compare the two:

Chain and standard
- PEPE: ERC‑20 on Ethereum; widely verifiable via its Etherscan profile (PEPE contract on Etherscan).
- PEIPEI: Verify chain, token/mint address, and standard. If Ethereum, confirm ERC‑20 compliance; if Solana, confirm mint authority and program.
Liquidity structure
- PEPE: Deep liquidity across multiple pools and venues. Check current pools and volumes on DEX and CEX trackers (PEPE on CoinMarketCap).
- PEIPEI: Inspect whether liquidity is locked, total pool size, and whether multiple pools exist to reduce single‑pool risk.
Ownership and controls
- PEPE: Contract behaviors are documented on its explorer and community resources (PEPE contract on Etherscan).
- PEIPEI: Confirm ownership status (renounced vs multisig), upgradeability, fee controls, and any admin functions disclosed in the code or verified in the explorer.
Distribution and concentration
- PEPE: Holder distribution, exchange wallets, and smart money presence can be tracked via explorers.
- PEIPEI: Examine top wallets, distribution at launch, and patterns like clustered buys from new wallets, which can hint at coordinated behavior.
Tax and transfer mechanics
- PEPE: No transfer taxes on the canonical token contract.
- PEIPEI: Explicitly check for tax logic or transfer restrictions; test small transfers to confirm behavior before larger positions.
Market structure
- PEPE: One of the largest memecoins by market cap; tends to have better depth and lower slippage (Meme Token category on CoinGecko).
- PEIPEI: Early tokens often experience high volatility, thin liquidity, and abrupt narrative shifts. Price discovery is fragile until liquidity and holder breadth increase.

Practical safety tips before trading PEIPEI (or any new meme token)

Verify the exact contract/mint via official channels and explorers (Etherscan; Solscan).
Start with small test transactions to validate tax, transfer, and slippage.
Check liquidity lock status and pool ownership. Avoid pools controlled by a single EOA without timelocks.
Monitor allowances and revoke unnecessary approvals (Token Approval Checker).
Use non‑custodial wallets and sign offline whenever possible to reduce key exposure.
Track chain fees and congestion to avoid unexpected execution costs (Ethereum Gas Tracker).
Consult category‑level dashboards to see whether volume and liquidity are consolidating (Meme Token category on CoinGecko; Ethereum and Solana overviews on DeFiLlama).

Storage and execution: minimizing operational risk

If you decide to hold PEIPEI or actively trade PEPE, operational hygiene matters as much as your thesis:

Separate hot wallets used for trading from cold storage holding your longer‑term assets.
Keep approvals minimal on your cold wallet; use a dedicated hot wallet for high‑frequency activity.
Consider signing with a hardware wallet so private keys never touch an online device. OneKey is open‑source, supports major L1/L2 ecosystems including Ethereum and Solana, and enables offline signing with transparent firmware. This reduces the attack surface of web approvals and mitigates risks from malicious dApps, while still letting you connect via WalletConnect‑compatible interfaces for DEX trading.

Bottom line

PEIPEI might be the next frog that rides a fresh narrative—or it could be another short‑lived spike in a crowded field. The difference will show up on‑chain: contract integrity, liquidity quality, holder distribution, and community stamina. Use explorers and public market dashboards to validate claims before you commit capital, keep your operational practices tight, and if you’re storing assets beyond the day trade, sign offline with a hardware wallet like OneKey to reduce counterparty and key‑handling risk.

References and tools: