Update : PEP's volume suddenly started going up in the last two weeks.

Pepecoin Network is a proof of work Layer 1 coin, not an erc20 token.

Shitcoin memes: These have a contract address and are parasitic on a public chain.(erc20 and tokens)
Public chain memes (Proof-of work): They don’t need a contract address because they are their own blockchain.

Looking at the market, 99.99% of shitcoin memes with contract addresses will go to zero. Shitcoin memes are full of scams because they’re easy and cheap to create. On the other hand, building and keeping a public chain secure requires way more tech and costs a lot more.

Right now, the market is all about chasing shitcoin memes with contract addresses, but it’s time to shift focus to public chain memes.

There are only two Proof-of-Work Layer 1 memes in the whole market: $DOGE and $PEP. $PEP is super early, and barely anyone knows about it yet.