#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
