what's Pepe By Matt Furie?
Pepe By Matt Furie is a community-driven meme token on the Solana blockchain, inspired by the Pepe the Frog character created by artist Matt Furie. Launched via the Bags.fm platform on August 6, 2025, it implements a royalty mechanism directing 100% of platform earnings to Matt Furie, positioning it as a tribute that compensates the original creator unlike many other Pepe derivatives. As an SPL token traded primarily on Meteora DEX paired with SOL, it features standard tokenomics with mint/freeze authorities initially held by Bags Token Authority. Community members claimed ownership shortly after launch, emphasizing decentralized governance. The token fosters engagement through its unique narrative of creator royalties and Solana's high-speed, low-cost transactions.
Pepe By Matt Furie saw $71K to $9M market cap surge, then $400K dump after Furie's post deletion.
Experienced a rapid price movement from $71K to $9M market cap within one hour following a contract post by Matt Furie, followed by a sharp dump to $400K market cap after the post was deleted.