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PEPE has launched an aggressive token burn campaign, removing 8.4 billion tokens on July 12 Daily Burns followed by 7 billion the next day Supply Reduction. Price recently surged 8% to $0.00001127 with trading volume jumping 111% to $1.37 billion, showing market response to these deflationary measures.Market ImplicationsWhile burns create scarcity, price appreciation requires sustained demand Burn Mechanics. The $0.00001 level remains a critical resistance threshold. Technical indicators suggest potential breakout if buying pressure persists, though the token shows mixed signals with substantial burns producing only moderate price movements so far.Trading OutlookProjections vary widely: August targets range $0.00000958-0.0000105, while year-end estimates span from $0.00000904 to $0.0024. Success depends on whale activity, trading volume consistency, and breaking key resistance levels. Traders should monitor burn rates alongside demand metrics for optimal positioning.The burns represent a significant supply-side experiment, but remember that without corresponding demand growth, price impact may remain limited despite the impressive token reduction numbers.