Burning 80% of Pepe: Is this the secret behind the upcoming rocket rise?✈️
If 80% of the total supply of $PEPE is burned, this event will have a huge and direct impact on the currency. Here’s what could happen, based on fundamental economic principles:
1. Sharp decline in supply
Burning coins means sending a certain amount of coins to an inaccessible wallet, permanently removing them from circulation. When 80% of #PEPE is burned, 80% of the coins in the market will disappear completely.
If the current total supply is about 420.69 trillion coins, burning 80% means removing over 336 trillion coins from circulation. This will make the remaining number of coins (about 84 trillion) very rare compared to what it was before.
2. Potential price increase💰
The price of any financial asset depends on the principle of supply and demand.
* Supply: is the amount of currency available in the market.
* Demand: is the desire of buyers to acquire these currencies.
When supply drops significantly (by 80%) while demand for the currency remains the same or increases, it creates scarcity. This scarcity will drive the price of the remaining currency significantly higher. In other words, each remaining Pepe coin will become much more valuable.
3. The impact on market sentiment
An event of this magnitude will create a significant stir in the market and will lead to a wave of optimism and media interest. This additional attention may attract more new investors, increasing the demand for the remaining currency, thereby supporting its price increase.
In short, burning 80% of $PEPE is likely to lead to a massive increase in the price of the remaining currency. This increase will be a direct result of the artificial scarcity created by the burn, along with the positive impact on investor sentiment and market demand.
