Millions of Pepe destroyed daily: what a signal
1. Supply Reduction: The daily destruction of millions of PEPEs significantly reduces the total supply of $PEPE coins. Increase the value of $PEPE coins due to increased scarcity.
2. Deflation: A high PEPE destruction rate indicates that the deflation mechanism of $PEPE coin is operating effectively. This deflation helps control inflation,
3. Market Sentiment: The positive correlation between the “pepe” burn rate and market sentiment may cause investors to be more optimistic about the future of $PEPE coins, thereby pushing up its price.
4. Project Sustainability: Ensuring the sustainability of the destruction process is critical to the long-term success of the $PEPE project. Excessive burning can lead to liquidity issues or other issues that could harm the future of the project.
PEPE coins have a unique destruction mechanism to maintain market scarcity
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