ICP vs PEPE
Internet Computer and Pepe scored on the same 25 variables, ranked against the same 251 tokens, with every gap between them shown.
Scoring pass 18 Sept 2026. Market snapshot 7 Oct 2026.
What separates them
ICP scores 102 of 250 and ranks 129th of 251. PEPE scores 92 and ranks 184th. ICP leads by 10 points, which is inside the range where the individual variables matter more than the total. ICP takes 13 of the 25 variables, PEPE takes 10, and 2 are level.
The framework rates ICP WATCH and PEPE PASS. Two tokens close enough to compare do not have to land in the same band, and where they do not, the divergence table below is where the split comes from.
5 variables separate them by 3 points or more. ICP is clear on Developer Activity (6 against 1), Treasury Runway (6 against 1) and Real Staking Yield (5 against 1). PEPE is clear on Supply Inflation (6 against 2) and Market Share (7 against 3).
Both score 3 or below on Protocol Revenue, Revenue Trend, P/S Multiple, Buyback and Burn, Institutional Adoption. A weakness both sides share is not a reason to prefer either. It is a reason to check whether the category itself carries the problem.
ICP is valued at $1.75B against $1.70B for PEPE, a 1.0x difference. The larger of the two also scores higher, so the market and the framework agree on the ordering here.
All 25 variables, head to head
Both tokens were scored by the same framework in the same pass, so the numbers are directly comparable. What a comparison adds over two separate pages is the gap: a 6 against a 6 is a non-event, a 9 against a 3 is the reason to hold one and not the other.
Cash flow
| Protocol Revenue | 3 | 1 | ICP +2 | |
| Revenue Trend | 3 | 1 | ICP +2 | |
| P/S Multiple | 3 | 1 | ICP +2 | |
| Real Staking Yield | 5 | 1 | ICP +4 |
Supply
| Supply Inflation | 2 | 6 | PEPE +4 | |
| Vesting Schedule | 3 | 6 | PEPE +3 | |
| Circulating / FDV Ratio | 8 | 8 | level | |
| Buyback and Burn | 2 | 1 | ICP +1 |
Ownership
| Smart Money Flows | 3 | 4 | PEPE +1 | |
| Insider Selling | 3 | 4 | PEPE +1 | |
| Holder Concentration | 3 | 4 | PEPE +1 |
Traction
| TVL Trend | 4 | 1 | ICP +3 | |
| Active Users | 4 | 5 | PEPE +1 | |
| Developer Activity | 6 | 1 | ICP +5 | |
| Network Growth | 4 | 3 | ICP +1 |
Position
| Market Share | 3 | 7 | PEPE +4 | |
| Competitive Moat | 5 | 4 | ICP +1 | |
| Institutional Adoption | 3 | 2 | ICP +1 | |
| Exchange Depth | 6 | 8 | PEPE +2 | |
| Social Mindshare | 5 | 8 | PEPE +3 |
Risk
| Regulatory Safety | 6 | 6 | level | |
| Catalyst Calendar | 5 | 3 | ICP +2 | |
| BTC Alpha Potential | 3 | 5 | PEPE +2 | |
| Team Execution | 4 | 1 | ICP +3 | |
| Treasury Runway | 6 | 1 | ICP +5 |
Bars read outward from the centre: ICP to the left, PEPE to the right. The side that leads a variable is filled. Each score is 1 to 10 against the same definition applied to all 251 rated tokens.
Market and supply
| ICP | PEPE | |
|---|---|---|
| Price | $3.14 | $0.000004 |
| Market cap | $1.75B | $1.70B |
| Circulating | 100% | 100% |
| Dilution to full supply | 1x | 1x |
| Off all-time high | -99.55% | -85.6% |
| To recover the high | 222.2x | 6.9x |
| Total value locked | $110.0M | not published |
| Network | Internet Computer | Ethereum |
Price, market cap and all-time high from the CoinGecko snapshot fetched 7 Oct 2026. Supply shares are derived from circulating and eventual supply counts, which do not move with price. The 25 scores come from the research pass dated 18 Sept 2026.
Catalyst and risk on each side
ICP · WATCH
Bitcoin integration and ckBTC enabling ICP as BTC L2; AI smart contract canister adoption
Ongoing NNS-controlled ICP minting (inflation); 53% supply not yet in circulation; 99.6% below launch price; complex tech with thin real-world adoption
PEPE · PASS
Ethereum bull market amplification; PEPE as ETH meme equivalent to DOGE on BTC; high CEX liquidity
Zero protocol revenue or utility; 6% supply still to open from deployer wallet; pure sentiment asset; rapid drawdowns in risk-off environments
Common questions
- Is ICP or PEPE the better investment?
- On this framework ICP scores higher: 102 against 92 of 250, and it is rated WATCH against PASS. That is a ranking of fundamentals as recorded at the last scoring pass, not a price forecast, and ICP still wins 13 of the 25 individual variables against PEPE.
- What is the biggest difference between ICP and PEPE?
- Developer Activity. ICP scores 6 of 10 there and PEPE scores 1, a gap of 5 points on a single variable.
- Which is bigger, ICP or PEPE?
- ICP is valued at $1.75B and PEPE at $1.70B on the latest market snapshot.
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Research and analysis, not investment advice. A higher score is one framework applied consistently to 251 tokens, not a prediction that one asset will outperform the other.