Pepe, launched in April 2023, quickly became one of the most popular meme coins in the cryptocurrency world. It now stands alongside notable names like Dogecoin (#doge⚡ ), Shiba Inu (Shib), and other similar projects. As of today, #pepe⚡ ranks 30th among thousands of cryptocurrencies in terms of market capitalization.

However, for investors to make informed decisions about buying or selling, they need detailed information on token supply, market dynamics, and project development. Meme coins have specific characteristics, such as token burns, which can impact price trends and future prospects.

In this article, we will take a closer look at the total supply of Pepe tokens in circulation and discuss what the future might hold for this top-tier meme coin.

What Is Pepe Coin?

Pepe coin is inspired by the famous "Pepe the Frog" meme and has become one of the top meme coins, alongside projects like DOGE, WIF, and SHIB. While most cryptocurrencies have specific use cases that affect their value, Pepe and other meme coins thrive on virality and community support. Thanks to social media influence and a loyal fan base, Pepe has become one of the most significant players in the market.

Since its launch, Pepe has reached an all-time high of $0.00001730, representing a more than 2600% pump. As of the time of writing, its price is around $0.00001023, which is about 68% below its all-time high.

How Many Pepe Coins Are in Circulation?

At launch, Pepe's circulating supply was set at 420.69 trillion tokens, and no new tokens have been added since then. This fixed supply is advantageous for investors, as the team cannot issue additional tokens and affect the price negatively.

The current circulating supply remains the same—420.69 trillion tokens. However, to further increase demand, the Pepe team regularly conducts token burns to reduce the supply. Recently, on October 24, 2023, 6.9 trillion Pepe tokens were burned, resulting in a 20% increase in the token's value.

Why Is Pepe's Supply Important to Investors?

In the cryptocurrency world, supply and demand are key factors that drive value. A lower supply often leads to higher demand, which can positively impact the price. Pepe benefits from not issuing new tokens and regularly burning existing ones, creating a deflationary mechanism that is attractive to investors.

This limited supply creates scarcity, which boosts demand and ultimately affects the price positively, especially if the market remains favorable.

Comparing Pepe's Supply with Other Cryptocurrencies

Meme coins rely on strong communities to support them, and having a well-structured token supply is essential for long-term success in the volatile crypto market. Let's compare how Pepe's supply measures up against other popular meme coins like Dogecoin and #shiba⚡ .

Pepe vs. Dogecoin

Dogecoin has a total supply of 146.38 billion tokens, but unlike Pepe, it does not have a fixed supply. This means more Dogecoins can be minted and added to the total supply, making Dogecoin an inflationary model. On the other hand, Pepe has a deflationary model, which could drive higher demand for Pepe over time, assuming all other market conditions remain the same.

Pepe vs. Shiba Inu

Shiba Inu, another popular meme coin, has a much larger supply than both Dogecoin and Pepe. Its total supply is 999.98 trillion tokens, with 589.26 trillion currently in circulation. Like Pepe, Shiba Inu employs a token-burning mechanism to reduce the supply and increase demand. However, Shiba Inu's total supply is more than double that of Pepe, which could be a disadvantage for Shiba Inu in the long term, assuming market conditions remain stable.

Conclusion

Pepe’s total supply is fixed at 420.69 trillion tokens, and the regular burning of tokens creates a deflationary model. Compared to other meme coins like Dogecoin and Shiba Inu, Pepe’s limited supply could attract investors looking for projects with higher potential for growth based on supply and demand dynamics.

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