$PEPE took only a short time to become one of the most popular meme coins in the world of crypto and one of the top ones alongside the likes of $DOGE , and $SHIB others. At the time of writing, Pepe sits at the 29th rank among thousands of cryptocurrencies in terms of market capitalization. However, additional info is needed for any investor to make an informed buying or selling decision. Meme coins have different supply dynamics that include token burns, which can impact price trends and also the future of the meme coin.
In this article, we will discuss how many Pepe coins are there, the total Pepe token circulating supply, and what the future holds for this top-tier meme coin.
Total supply of Pepe coins
At the start, the Pepe circulating supply was 420.69 trillion tokens, and no additional tokens were added to this supply after the tokenâs launch. This is great because a fixed supply means that price cannot be majorly impacted by the founding team by adding more tokens to the total supply of the Pepe.
So the answer to how many Pepe coins are in circulation is the same as its fixed supply, i.e. 420.69 trillion coins. However, to further create demand, supply has to be reduced and for this purpose, the Pepe founding team often burns its token supply periodically. Last month on October 24, 6.9 trillion tokens were burned which led to a 20% rise in the Pepe tokenâs value.
In the current world we live in, a key metric on which we attract to everything is based on supply and demand. The lower the supply, the higher the demand for it. Since the Pepe team is not issuing any new tokens and also burning Pepe tokens periodically as explained above, it makes this whole process a deflationary mechanism which is attractive for investors.
A fixed supply of tokens creates scarcity which promotes demand, that also has a positive impact on price, considering all other important factors like market sentiments, trend, and constant development, remain in favor of the Pepe token.
PEPE vs. DOGE Supply
Dogecoin has a total supply of 146.38 billion tokens, however, unlike Pepe, it is not fixed, which means more Doge coins can be minted and added to the total supply of Dogecoin. This is an inflationary model, while Pepe has a deflationary model, which may indicate that Pepe coinâs demand can increase over time as compared to Dogecoin, provided all other market conditions remain the same.
