The meme coin market is always volatile with new cryptocurrencies constantly appearing. Recently on the Solana exchange, a new meme coin called Peep the toad suddenly appeared. Launched on April 16, 2025, with the contract address is 9Y1iXPq2CxjE45djDoX4in6ZPnMYsTwmA2zbcdRzpump, $PEEP exploded from a $60.7K market cap to $90.6K in hours, boasting a 1,274.22% surge in one hour. What caused this cryptocurrency to suddenly skyrocket?
$PEEP’s lore is its killer hook. “Peep the Toad” is a humorous meme and parody of the popular “Pepe the Frog” meme. It depicts an anthropomorphic toad character, often portrayed as a less “dank” or lower-quality alternative to Pepe, used to mock attempts at being edgy or cool in meme culture.
The meme originated around 2016, with a notable Tumblr post by user pornstarwars on July 30, 2016 with captioned “when u cant afford quality name brand memes so u have to settle for / peep the toad,” which gained significant traction. It has since appeared on platforms like Reddit, Facebook, and Drawception, often associated with “normie” or less sophisticated meme attempts.
$PEEP does not have whitepaper or dev details, but @RosaJoycem notes clean mechanics (non-mintable, 1 billion tokens), easing rug pull fears after 2025 scams like $MELANIA’s $30M dump.
With such a satirical and humorous story, Peep has clearly caught the community’s attention, but currently this meme coin has not updated any further information that could confuse players and risk it falling to the bottom after just a few hours like previous meme coins.
