A newcomer asked me about this a couple of days ago, so I thought I’d write it down.
“Pepe the Frog” was originally a cartoon character drawn by comic artist Matt Furie in 2005. Matt Furie has no official connection to the PEPE token.
Renouncing ownership of a contract means the deployer can no longer change its rules, such as issuing more tokens or adjusting the tax rate.
The total supply of $PEPE is about 420.69 trillion tokens, and it was fixed from the moment it launched. The current price is 0.0₅403.
Have you ever misunderstood this point?

#PEPE