Millions of “Pepes” destroyed daily: main implications
Click here to get USDT from the feed release with only one purpose, reduce supply to increase demand for coin valuation
1. **Reduction in supply**: The continued daily destruction of millions of “pepe” coins significantly decreases the overall supply of $PEPE EPE. This reduced supply may lead to higher demand and potentially increase the value of $PEPE coins due to their rarity.
2. **Deflation mechanism**: The substantial destruction rate of “pepe” coins demonstrates that the deflation mechanism of the PEPE coin works effectively. This deflation makes it possible to manage inflation, stabilize the currency and attract more investors.
3. **Market sentiment**: There could be a positive correlation between the destruction rate of “pepe” coins and market sentiment, fostering greater investor confidence in the future of PEPE coins and driving up their price.
4. **Project sustainability**: Maintaining the destruction process is crucial for the long-term viability of the PEPE project. Excessive destruction, however, could lead to liquidity or other problems, potentially jeopardizing the future of the project.
$PEPE coins use a unique destruction mechanism to ensure market rarity.
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