[.....]$PEPE is a meme coin with no intrinsic value or expectation of financial return. There is no formal team or roadmap. the coin is completely useless and for entertainment purposes only.
This part here is the most important thing in your whole post. I wouldn't say it's completely useless since there are people who pushed it to have an economic value so it somehow became an investment vehicle to some. Perhaps the best use of Pepe right now is that it became an education tool. It taught many people a hard lesson on investing.
Just like other meme coins, This pepe coin had created it's own community that pushed the price high. With the revival of meme coins in the market, There are so many people who ride the hype and put their money on it which pushes the price so high. Meme coins are the meta right now and honestly I'm quite scared that I might put some of my money into it where I know consciously that this is only for pure profit and the token has no real utility and I don't think it will last long unless the community stays just like shiba inu.