The #cryptonews search results indicate that on October 24, 2023, the Pepecoin team burnt 6.9 trillion $PEPE tokens, or almost $6 million. This translates to more than 1.6% of the entire supply being taken out of circulation.
Etherscan verified the token burn, giving the community transparency. A centralised #crypto exchange multi-signature wallet containing the remaining 3.79 trillion PEPE is being investigated for possible purposes, including new marketing initiatives and strategic alliances.
The community has been very enthusiastic about the coin burn, and in the last seven days, the price of PEPE has increased by more than 53%.
The community has been very enthusiastic about the coin burn, and in the last day, the price of #cryptocurrency PEPE has increased by more than 30%.
Because of the burn, there is less supply available, which could lead to deflationary pressure on prices when supply increases compared to demand. Due in part to the massive burn, PEPE is now in higher demand from ordinary investors, which has raised its #trading value.
In addition to finding new uses for the tokens that are still available, the team has added new advisers to help shape Pepe's future.
Regular notifications on upcoming token burns, moves, or uses will be sent to the PEPE community via Twitter and the official Telegram channel.