PEPE is a meme coin that has gained wide popularity in the cryptocurrency market. The coin follows a burning mechanism that aims to reduce the circulating supply and increase scarcity, which may contribute to raising its value.
PEPE Burning Mechanism:
The burning mechanism works by sending a percentage of each transaction to an unreachable wallet address, which permanently removes these coins from circulation. This action contributes to reducing the available supply and increasing demand, which may lead to an increase in the price.
Recent Burns:
In recent months, PEPE has witnessed continuous burning operations. For example, in November 2024, a large number of coins were burned, which reduced the circulating supply and increased confidence among investors.
Burning Effect on Price:
Burning operations contribute to creating scarcity in the market, which may lead to an increase in the value of the coin. However, it should be noted that other factors such as market sentiment, adoption, and technical developments play an important role in determining the price.
Note:
Although burning operations may positively affect the value of the coin, investing in cryptocurrencies carries high risks. Therefore, it is always advisable to conduct thorough research and consult experts before making any investment decisions.