Pepe

Pepe Coin

Coin

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The Pepe (PEPE) token price saw a massive pump today, surging approximately 30% in the last 24 hours. This pump comes following a strategic move by the PEPE team to burn a huge portion of tokens still held by the original team.
<h2 id="strong-pepe-token-burn-strong">Pepe Token Burn</h2>
<a href="https://twitter.com/pepecoineth/status/1716605819855454242" rel="noopener noreferrer nofollow">In an announcement on X (Twitter)</a>, the PEPE team revealed they had burned 6.9 trillion $PEPE tokens worth around $6 million. This token burn was confirmed on the Ethereum blockchain and significantly reduced the total circulating supply of $PEPE coins.
Alongside the burn, the PEPE team transferred the remaining tokens held in their wallet, around 10.69 trillion $PEPE, to a new address intended for strategic partnerships and marketing opportunities going forward. They also brought on new advisors to help guide the project.
This news energized the PEPE community and attracted new buyers, pushing the price up strongly. PEPE briefly broke key resistance at $0.0000001 to hit its highest level since mid-August.
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The token burn and subsequent pump has reignited interest in PEPE coin from meme coin traders. With a reduced circulating supply and new team focused on growth, many are bullish on PEPE's prospects going forward.
The revitalization of the PEPE project comes at an opportune time. 2023 has seen meme coins like Shiba Inu (with Shibarium launch) and Dogecoin (speculations it can become the main payment coin on Elon’s X) continue gaining mainstream interest.&nbsp;
A reduced supply and dedicated team could help PEPE tap into this renewed mememania. Many long-time PEPE holders are optimistic this pump is just the beginning of a longer term bull run, hoping the token can reclaim previous all-time highs and then push even higher.
<h2 id="strong-new-meme-coin-ico-gaining-steam-strong">New Meme Coin ICO Gaining Steam</h2>
As interest grows around legacy meme coins like PEPE, the cryptocurrency community has also taken note of an exciting new meme project currently raising funds - <a href="https://bs_c30ba855.cryptofinance.care/?referrer=pepe-coin-price-rises-after-major-token-burn-and-new-meme-coin-ico-for-$mk-heats-up" target="_blank" rel="noopener noreferrer nofollow">Meme Kombat ($MK)</a>.
Meme Kombat describes itself as a gaming platform that blends meme-themed battles, staking and rewards to create an entertaining virtual experience. Since launching its initial coin offering (ICO) just over a month ago, Meme Kombat has already raised an impressive $670,000 from early investors.
The Meme Kombat platform centers around betting on battles between popular memes using its native $MK token. Users can buy and stake $MK to gain the chance to earn additional tokens and prizes by betting on winners.
<img src="https://cdn.thebittimes.com/images/2023/10/24/1698155418.webp" alt="" width="800" height="351">
Its ICO currently values 1 $MK at $0.1667, though the token is expected to increase in price in only 9 days. Significantly, anyone purchasing $MK tokens in the ICO stage immediately earns a lucrative 112% annual percentage yield (APY) by staking.
This outsized staking reward has drawn attention from crypto analysts like <a href="https://www.youtube.com/watch?v=Pf5esWyKM5A&amp;pp=ygULbWVtZSBrb21iYXQ%3D" target="_blank" rel="noopener noreferrer nofollow">Jacob Bury</a>, who called Meme Kombat a potential "100x meme coin." <a href="https://www.youtube.com/watch?v=J33NeLWR8D4" target="_blank" rel="noopener noreferrer nofollow">Michael Wrubel</a>, host of a 300K+ subscriber YouTube channel, also gave Meme Kombat an enthusiastic review for its use case and memorably branded characters.
<iframe title="YouTube video player" src="//www.youtube.com/embed/J33NeLWR8D4" width="560" height="315" frameborder="0" allowfullscreen></iframe>
Meme Kombat boasts an experienced core team of developers and marketers led by founder <a href="https://www.linkedin.com/in/mattw8047814774/" target="_blank" rel="noopener noreferrer nofollow">Matt Whiteman</a>. Their comprehensive roadmap outlines the planned launch of staking and initial gaming seasons shortly after presale completion. Future ambitions include expanding game modes, growing the character roster, and integrating community feedback into ongoing development. If Meme Kombat delivers on this vision while maintaining attractive tokenomics like its current presale bonuses, it may achieve the breakout success analysts are anticipating.
With presale supply limited and such a high staking yield available now, investors would be wise to act quickly if interested in participating. As PEPE's surge demonstrates renewed enthusiasm for meme coins, Meme Kombat's ICO seems well positioned to launch amid growing excitement around the space. Visit <a href="https://bs_c30ba855.cryptofinance.care/?referrer=pepe-coin-price-rises-after-major-token-burn-and-new-meme-coin-ico-for-$mk-heats-up" target="_blank" rel="noopener noreferrer nofollow">memekombat.io</a> to learn more.
<h2 id="strong-the-best-meme-coin-to-buy-now-strong">The Best Meme Coin To Buy Now?</h2>
With meme coins proving their ability to generate significant returns, investors want to know which project is primed for the biggest gains. Based on its current market conditions and upcoming milestones, Meme Kombat may be the top choice for buyers seeking the next major meme coin opportunity.
As an early-stage ICO, Meme Kombat tokens can currently be purchased at a substantial discount compared to their expected listing price. The low token price combined with extremely high staking yields allows holders to accumulate a large position more easily than with established but higher priced coins.&nbsp;
Meme Kombat is also poised for multiple near-term catalysts like presale completion, platform launch, and the start of their inaugural gaming season - all expected to drive buzz and buy pressure and offer ample chances for upside over the months ahead. For these reasons, savvy crypto traders are taking note of Meme Kombat's potential as the best meme coin primed for exponential gains.
<a href="https://bs_c30ba855.cryptofinance.care/?referrer=pepe-coin-price-rises-after-major-token-burn-and-new-meme-coin-ico-for-$mk-heats-up" target="_blank" rel="noopener noreferrer nofollow">Visit Meme Kombat</a>
Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/pepe-coin-price-explodes-after-major-token-burn-and-new-meme-coin-ico-for-mk-heats-up-tbt67560.html">https://thebittimes.com/pepe-coin-price-explodes-after-major-token-burn-and-new-meme-coin-ico-for-mk-heats-up-tbt67560.html</a>

Pepe Coin Price Explodes After Major Token Burn And New Meme Coin ICO For $MK Heats Up

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