*PEPE Burn - confusing story:*
Official line: *PEPE says it has burn, but reality = NO real ongoing burn.*
*What websites claim vs what actually happens:*
1. *Claim:* "Small % burned every transaction" (deflationary)
- Many sites copy this
- Truth: Smart contract shows *0% tax, no automatic burn on tx*
- Canary Capital ETF filing confirms: full supply already circulating, no burn code
2. *Real burn history:*
- *Initial:* 50% rumored burned at launch (not verified)
- *Oct 2023:* 6.9 TRILLION PEPE ($5.5M) burned after team stole 16T tokens - one-time event
- That's it.
3. *Current supply:*
- Max: 420.69T
- Circulating: ∼413-420T (98-99%)
- 93.1% in Uniswap LP (LP tokens burned = liquidity locked forever)
- 6.9% in multi-sig wallet http://pepecexwallet.eth for CEX listings
- No more minting, but no burning either
*Why people think there's burn:*
- Confusion with PEPE clones (Pepeto, Pepe Unchained etc claim burns)
- Marketing copies deflationary buzzword
- Lost tokens in blacklisted wallets look like burn but not programmed
*Bottom line:* PEPE website itself said _"completely useless, for entertainment only, no intrinsic value"_.
Official line: *PEPE says it has burn, but reality = NO real ongoing burn.*
*What websites claim vs what actually happens:*
1. *Claim:* "Small % burned every transaction" (deflationary)
- Many sites copy this
- Truth: Smart contract shows *0% tax, no automatic burn on tx*
- Canary Capital ETF filing confirms: full supply already circulating, no burn code
2. *Real burn history:*
- *Initial:* 50% rumored burned at launch (not verified)
- *Oct 2023:* 6.9 TRILLION PEPE ($5.5M) burned after team stole 16T tokens - one-time event
- That's it.
3. *Current supply:*
- Max: 420.69T
- Circulating: ∼413-420T (98-99%)
- 93.1% in Uniswap LP (LP tokens burned = liquidity locked forever)
- 6.9% in multi-sig wallet http://pepecexwallet.eth for CEX listings
- No more minting, but no burning either
*Why people think there's burn:*
- Confusion with PEPE clones (Pepeto, Pepe Unchained etc claim burns)
- Marketing copies deflationary buzzword
- Lost tokens in blacklisted wallets look like burn but not programmed
*Bottom line:* PEPE website itself said _"completely useless, for entertainment only, no intrinsic value"_.
