June 20 (Cointime) - Despite a 78% drop in value from its May 2023 peak, the number of unique addresses holding PEPE tokens has increased to 119,229 as of June 19, according to Etherscan data.

The meme-based token gained popularity and exponential price growth in late April 2023, securing a position in the top 100 market cap ranking. However, the token has no intrinsic value or financial return and is mostly used for entertainment purposes.

Binance has announced plans to delist PEPE as a borrowable asset from their Flexible Loan program due to increasing regulatory scrutiny.