What is PLEB (PLEB) Crypto Coin? The Truth About the Memecoin for 'Plebs'

PLEB (PLEB) isn’t a coin you buy because it’s going to change the world. It’s not a project with a whitepaper, a team, or a roadmap. It’s a memecoin made for people who’ve lost money chasing hype, bought at the top, sold at the bottom, and still keep coming back for more. That’s the whole point. The developers call it a "haven" for "plebs"-a slang term for regular investors who don’t have insider knowledge but still jump into every new crypto trend. And honestly? It’s one of the most honest crypto projects out there. It doesn’t pretend to be something it’s not.

What Exactly Is PLEB?

PLEB is a cryptocurrency token built on the Ethereum blockchain. Its contract address is 0xe19f85c920b572ca48942315b06d6cac86585c87, and it was launched with a clear message: this is for the people who get burned. The team didn’t try to hide behind complex tech or fake utility. They just said, "You keep making the same mistakes? Here’s your coin. No promises. No guarantees. Just a community of people who know they’re playing with fire."

It’s not meant to be a long-term investment. It’s meant to be a joke. A self-aware joke. The token’s name, its branding, even its marketing-all of it leans into the idea that its users are the ones who get scammed. And yet, people still buy it. Why? Because it’s relatable. You don’t need to be a financial expert to understand what it’s saying.

How Does PLEB Work?

PLEB’s tokenomics are simple, but not safe. Here’s how it’s set up:

• Supply: There are 120 trillion PLEB tokens total. That’s a huge number-so huge that even if the price went up a penny, the market cap would be astronomical. But here’s the catch: almost none of those tokens are in circulation.
• Liquidity: 94% of the tokens were locked into Uniswap’s liquidity pool. Then, the liquidity provider (LP) tokens were burned forever. That means no one can pull the rug. The devs can’t just take the money and run.
• Contract: The contract was renounced. That means no one, not even the original creators, can change the rules, mint more tokens, or freeze wallets.
• Reserve: The remaining 6% is held in a wallet called plebcex.eth. This isn’t for the devs to cash out. It’s for future giveaways or possible listings on centralized exchanges.

On paper, that’s actually a smart setup. It’s one of the few memecoins with real anti-rugpull measures. But here’s the problem: no one’s trading it.

Why No One Is Trading PLEB

Let’s talk numbers. As of October 2024, PLEB’s market cap hovered between $26,000 and $45,000. For comparison, Dogecoin has a market cap of over $15 billion. Even PEPE, another memecoin that launched a year later, sits at $2.3 billion. PLEB is barely a blip.

Its 24-hour trading volume? Around $12. That’s not a typo. Twelve dollars. In a day. That’s less than what you’d spend on coffee in New York City.

Low volume means one thing: extreme slippage. If you try to buy $50 worth of PLEB, your trade might move the price by 30%, 40%, even 50%. You end up paying way more than you expected. Most traders set slippage tolerance at 0.5% to 1%. For PLEB? You need 20% to 40%. That’s not trading. That’s gambling.

And the data? Messy. CoinGecko says the max supply is 120 trillion. CoinStats says it’s 1 billion. CoinMarketCap says the price is $0.000025. CoinCodex says it’s $0.08. None of them agree. That’s not a sign of a healthy project. That’s a sign of neglect-or worse, confusion.

Is PLEB Safe?

Technically? Yes. The contract is renounced. Liquidity is burned. No one can manipulate it. That’s rare in memecoins. Most get rug-pulled within weeks. PLEB has survived longer than 90% of its peers.

But safety isn’t just about code. It’s about liquidity. It’s about people. It’s about whether you can actually buy or sell without losing half your money.

There’s no official Discord. No Telegram group. No Twitter account with real engagement. Just bots and spam. Reddit has zero meaningful threads about PLEB. Trustpilot? Nothing. Even the few people who’ve traded it on Telegram say they lost money because the price jumped 40% during their purchase.

So yes, the contract is safe. But the market? It’s dead.

Who Is PLEB For?

It’s not for investors. It’s not for traders. It’s not for people looking to make money.

It’s for the people who laugh at themselves after losing $200 on a coin that dropped 90% the next day. It’s for the ones who still click "Buy" on the next meme token because they think, "This time it’s different."

PLEB doesn’t judge. It doesn’t promise returns. It just says, "You’re one of us. Here’s your token. Good luck."

Some see it as a satire. Others see it as a warning. Either way, it’s one of the few crypto projects that tells the truth.

How to Buy PLEB (If You Still Want To)

If you’re still interested, here’s how you do it:

1. Get Ethereum (ETH) in a wallet like MetaMask.
2. Go to Uniswap and connect your wallet.
3. Click "Swap" and paste the contract address: 0xe19f85c920b572ca48942315b06d6cac86585c87.
4. Set your slippage tolerance to 30% or higher.
5. Confirm the transaction and pay the gas fee.

It takes 5 to 10 minutes if you know what you’re doing. If you’re new? You’ll probably fail the first few times. Slippage errors, failed transactions, high gas fees. It’s not beginner-friendly. Which is ironic, since the whole point of PLEB is to appeal to beginners.

The Bigger Picture: Why PLEB Matters

PLEB isn’t going to make anyone rich. It’s not going to be listed on Coinbase. It won’t be in your Coinbase wallet next year.

But it’s a mirror. It reflects the reality of the memecoin market: a graveyard of 10,000+ tokens, most of which vanish within months. PLEB is still here-not because it’s strong, but because it’s honest.

While other coins pretend to be the next Bitcoin, PLEB says: "I’m not Bitcoin. I’m the thing you buy after you’ve already lost money."

In a world full of fake utility and overhyped promises, that’s rare. And maybe, just maybe, that’s why it still exists.

Should You Buy PLEB?

No.

Not because it’s a scam. But because it’s pointless.

You won’t make money. You won’t get any support. You won’t find a community. You’ll just pay gas fees and watch the price swing wildly.

If you want to gamble, go to Vegas. If you want to invest, look at Bitcoin or Ethereum. If you want to play with memecoins, go for DOGE or SHIB-they have volume, liquidity, and real communities.

PLEB is a monument to the mistakes we all make. It’s not a coin. It’s a cautionary tale.

PLEB won’t make you rich. It won’t even make you break even. But if you’re the kind of person who buys crypto after seeing a meme on Twitter-then maybe, just maybe, you already own it.