Be careful with #PEPE✈

Pepe Coin has recently conducted large token burns to increase value and improve market dynamics. In one of the most notable token burns, Pepe destroyed approximately 6.9 trillion tokens, worth about 5.5 million USD, creating significant excitement within the community and driving the price up strongly, even reaching a two-month high【13】【14】.

Token burning activities are a strategy aimed at reducing the circulating supply, which can help increase the value of each remaining token. Additionally, Pepe has revamped its advisory team and prepared marketing strategies to bolster long-term value【13】.

However, experts also warn that token burning may only have a positive impact in the short term, and Pepe's price still heavily depends on overall market conditions and Bitcoin's volatility. Although technical analysis indicates some bullish patterns such as “cup and handle” or “falling wedge,” investors should exercise caution before making decisions【14】【15】.