What is PURPLE PEPE?

$PURPE is a community-led token that was originally deployed on the Solana blockchain in July 2023 and is also available on the BNB Smart Chain. It is noted as the first Purple Pepe token created on Solana. The project is managed by the WallStreetBets Facebook community, which has over 580,000 members and took over a year ago.

The community has continued development since the takeover, expanding the ecosystem through the launch of web applications, games, and a community-built website. There is no publicly stated supply cap or specific governance model mentioned in the available information.