#MemecoinSentiment
Deflationary Burn MechanismDaily burns of 7-8 billion PEPE tokens are creating significant supply pressure while price hovers at $0.00001217. Trading volume surged 1000% following a whale acquisition of 227.8B tokens ($2.68M). These Daily burn rates signal strong commitment to value creation through scarcity.Market Drivers & OutlookThe burns represent strategic reduction of the 420.69T total supply, boosting market confidence. Recent whale activity suggests institutional interest while technical indicators maintain bullish momentum. Tokenomics details show burns work alongside redistribution mechanics to reward holders.Trading StrategyMonitor the $0.00001150 support level strengthened by supply contraction. If burns continue, price could target previous ATH of $0.00002803. Track burn wallets and whale movements while maintaining tight stop-losses given the speculative nature. Community sentiment on PEPE hashtag feed remains optimistic despite sustainability debates.
