#MemecoinSentiment Market Overview

PEPE token's burning mechanism has intensified, with recent daily burns reaching 8.4 billion tokens on July 10 and 7 billion on July 11 (recent burns). Despite these significant numbers, they represent a small fraction of the 420.68 trillion circulating supply, raising questions about long-term impact on price action.

Burn Mechanism

• LP token destruction removes liquidity permanently

• Transaction fees automatically burned reduce circulating supply

• Strategic burns aim to create scarcity over time (burn strategy)

Trading Implications

Price projections remain cautiously optimistic with analyst targets of $0.00000958-$0.0000105 by August 2025 if burn rates maintain momentum. While some community members remain bullish, experts caution that burns alone cannot sustain price growth without increasing utility and adoption.

Community Sentiment

Traders debate whether the psychological impact of burns outweighs their mathematical effect on supply. Most agree that sustained, predictable burns combined with ecosystem development will determine PEPE's long-term viability.$PEPE