PEPE: The Bearish Sentiment Vs. the Ghost of Deflationary Burning 🔥
Despite the recent drop in the overall meme coin market, PEPE maintains a robust market capitalization (close to $3B) and an active accumulation community. Technical analysts point out that PEPE is consolidating near key support levels, which historically precedes significant movements.
The scarcity factor: Enthusiasm is being fueled by rumors and reports of a possible new deflationary burning system (weekly or monthly) that would use a portion of transaction fees to reduce supply. Although projections of $1 are very speculative, any systematic reduction of the total supply (currently 420.69T) would inject a strong bullish impetus in the medium term, changing the market narrative.
Community Analysis: On-chain metrics show that significant holders (whales) have resisted selling, indicating long-term conviction. PEPE is no longer just a one-day meme; its consolidation is a sign that the frog narrative has deeply resonated.
Do you think the official announcement of a massive burn will drive the price of PEPE up before the end of the year?
#PEPE #memecoin #PEPEToken #SentimientoDeMercado
⚠️ Warning: This is not financial advice. Investing in crypto is risky due to the high volatility of this asset.
