There is nothing quite as pleasing as frog legs sizzling on an open grill. So, to start the day, I thought about sizzling up 51 K #PEPE which is worth a reported ten cents.
PEPE is HIVE's favorite #MEME token. The coin has a huge supply of 1,987,991,157 coins in circulation. PEPE buyers must think in terms of hundreds of thousands of coins.
There are numerous PEPE millionaires.
The coin has a decent distribution. The PEPE Richlist shows 67 PEPE millionaires and several hundred accounts with over 100K staked PEPE.
I happen to have 300K PEPE in my primary account. PEPE has actually been one of my best performing coins.
The massive supply means that PEPE provides an opportunity for small accounts to see what it is like to be a whale. My primary account gets a nice little pile of PEPE each time I vote.
Unfortunately the massive supply of PEPE means that there is a massive amount of free PEPE on the market which keeps the price low. I guess the market cap is 16,062 HIVE or $3,700 USD.
The low price is actually good for the @buynburn account. I use my HBD and HIVE awards to buy and burn HE coins. The account does not have much HIVE, but I can buy and burn PEPE by the truck load.
I got 51K coins for a dime!
The Image
I generated a Steampunk PEPE on Night Cafe for the daily image competition. I added it to my burn collection
I would prattle on a bit longer, but I need to get back to the grill to flip those tasty frog legs. I will use any rewards received by this account to buy and burn HE coins.