Memecoin PEPE Burns 6.9T Tokens, Announces New Team of Advisors
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Memecoin PEPE Burns 6.9T Tokens, Announces New Team of Advisors

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Created 11mo ago, last updated 11mo ago

Pepe (PEPE) has rallied over 53% in the past 7 days following a 6.9 trillion ($5.5 million) token burn.

Memecoin PEPE Burns 6.9T Tokens, Announces New Team of Advisors
Pepe (PEPE) has rallied over 53% in the past 7 days following a 6.9 trillion ($5.5 million) token burn, an operation that permanently eliminates tokens from circulation by sending them to an unregulated address.
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The memecoin has now achieved a two-month high, putting the team's token holdings to rest. With the team currently holding 3.79 trillion tokens ($3.72 million), any prospective sales on the open market would have a negligible impact.

The team also announced the recruitment of new advisors to guide Pepe's development in a message released on Pepe’s X (previously Twitter) account. They are also looking into strategic alliances and marketing potential for the remaining 3.79 trillion tokens associated with the original team's CEX multi-sig wallet.

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