PURPE Origin Story and Guide

Coin: Purple Pepe
Ticker: PURPE
Date deployed: Sat, June 15, 2024

Story Behind the Meme

Purple Pepe (PURPE) is a meme coin launched on the Solana blockchain, distinguished as the “only true OG Pepe” on the platform. Originally conceived in July 2023, Purple Pepe is now poised to go live, aiming to “Make Solana Great Again.” Rooted in the comic book series “Boy’s Club” by Matt Furie, Purple Pepe traces its origins back to the iconic Pepe the Frog character. While the original Pepe was green, a unique purple variant emerged in 2008, quickly gaining popularity and establishing itself as a recognizable figure in internet culture. This transformation into Purple Pepe has since become a cornerstone of online folklore, making it a perfect symbol for a meme coin that captures both nostalgia and innovation.

The Purple Pepe meme coin stands out not only for its iconic mascot but also for the strong community and development team behind it. The project has gained significant traction due to its humorous and relatable nature, resonating with meme enthusiasts and crypto investors alike. The development team focuses on enhancing its functionality and security while maintaining open communication with the community. This transparent and proactive approach has built trust, attracting a growing user base and investors eager to explore new opportunities in the ever-evolving digital landscape.

Should PURPE Be in Your Portfolio?

Before you decide whether or not to add PURPE to your portfolio, click here to scan the contract on Solsniffer. Solsniffer is the number one blockchain intelligence tool to detect security risks on Solana. Security risk analysis on Solana has never been easier, make sure to be aware of potential DeFi wallet scams and other crypto security concerns before investing.

Considerations Before Trading PURPE :

Risk Management
Effective risk management is crucial. Assess your risk tolerance and diversify your investments to mitigate potential losses. Consider using stop-loss orders to protect against significant drops. Regularly review and adjust your strategies based on market conditions too. Automated cryptocurrency trading systems and crypto trading bots are helpful to improve your efficiency and manage risks better. Additionally, using a wallet portfolio tracker can help in monitoring your investments and other successful traders’ strategies.

Token Analysis
When you evaluate a token such as PURPE, look into PURPE’s technology, use case, and team. Review the whitepaper for their goals and roadmap. Also analyze the tokenomics, the community engagement, and use tools like Solsniffer for security assessments. While keeping an eye on crypto intelligence news, it’s also wise to check the memecoin market cap (as it affects perception and potential) and stay updated with cryptocurrency trading analysis tools to make informed decisions.

Trading Strategy
A proper trading strategy contributes to successful trading. Start with setting clear entry and exit points, allocate the specific portfolio percentage you predetermined for such opportunities, and use technical analysis to identify potential future price actions. For those who prefer automated solutions, explore platforms offering algorithmic crypto trading, copy trading, and overall smart money trading solutions and strategies.

How to Scan PURPE on Solsniffer

Copy the PURPE contract address: HBoNJ5v8g71s2boRivrHnfSB5MVPLDHHyVjruPfhGkvL
Open the Solsniffer website and paste the address in the search bar.
Within seconds, a detailed analysis of PURPE on-chain data is generated.
A security score called Snifscore also ranks the project out of 100 to determine the authenticity of the project.

PURPE Tokenomics

Total Supply: 420,690,000,000
Max Supply: 420,690,000,000
Market cap: Unknown

Snifscore Analysis

Snifscore: 100/100
High-risk factors: None
Medium-risk factors: None
Low-risk factors: None

Summary of (5) Contract Strong Features

Sufficient LP providers
Adequate liquidity levels
All liquidity pools known
No auto-freeze risk
No permanent control risk

Is PURPE a scam?

Determining whether PURPE is a scam requires careful consideration and vigilance. Even if a coin has been around for a long time, the risk of a slow rug pull is ever-present, as such scams have no definitive end time and are quite difficult to detect if the fraudsters are highly competent. Historically, some coins have been tagged as scams, only to be saved by a community takeover (when members of that token community decides to take over the social media such as X and/or Telegram and actively grow the community because the original creators have left), allowing the project to survive and even thrive. Using a token scanner like Solsniffer can help identify potential red flags in a project.

Risk management is important when trading memecoins like PURPE, as memecoins are considered high-risk in general. You have to learn how to spot red flags in crypto social media, on-chain data and even with community communications from the team or its members. Pay attention to the token team transparency, if it gives regular updates, and the overall responsiveness from the development team. Look for inconsistencies or sudden changes in messaging, which can suggest potential issues. Awareness of cryptocurrencies scam patterns and rugpull crypto tactics is also important in avoiding losses. Keeping yourself updated with crypto trading signals can also provide insights into market trends and potential opportunities.

By practicing due diligence and maintaining a cautious approach, you can better navigate the risks associated with investing in PURPE and similar tokens. Always consider the best platform to buy cryptocurrency (CEX or DEX) for the best place to trade crypto.