$PEPE PEPE features a deflationary mechanism where tokens are burned, permanently removing them from circulation to reduce supply and potentially increase value over time.
Recent Burns: A significant burn of 6.9 trillion PEPE tokens (1.6% of total supply, valued at $5.5 million) occurred to address concerns about the team's multi-signature wallet. Another burn involved 900 million tokens.
Mechanism: Some PEPE burns occur automatically through a 1% transaction fee that is sent to an unspendable burn wallet. Manual burns and burns via decentralized applications (dApps) are also possible.
Current Status: Despite burns, the circulating supply remains close to the max supply (420 trillion tokens), possibly due to reintroduction of burned tokens or new minting.
Market Impact: Token burns are seen as a commitment to long-term growth and can foster community unity. $XRP
