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Launched in April 2023, Pepe quickly ascended as one of the most popular meme coins in the crypto space, joining the ranks of Dogecoin (DOGE), Shiba Inu (SHIB), and other meme-inspired tokens. As of October 2024, Pepe sits at 30th in market capitalization among thousands of cryptocurrencies, proving its lasting relevance.
However, understanding Pepe’s total supply is crucial for investors looking to make informed decisions about its potential. Meme coins operate with distinct supply dynamics, such as token burns, which can impact price trends. In this article, we’ll explore how many Pepe coins are in circulation, the impact of its token supply, and what the future may hold for this top-tier meme coin.
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Pepe Coin Overview
Inspired by the viral “Pepe the Frog” meme, Pepe coin has gained significant traction due to its strong social media influence, virality, and a loyal community of token holders. Unlike traditional cryptocurrencies, which typically have a tangible use case, Pepe relies heavily on its meme-driven status—similar to other meme coins like DOGE and SHIB.
Despite lacking a direct utility, the community-driven enthusiasm surrounding Pepe has resulted in impressive market performances. After reaching an all-time high of $0.00001730, representing a 2600% price increase, Pepe is now trading at $0.00001023, which is 68% below its peak.
Total Supply of Pepe Coins
The total supply of Pepe coins is crucial to understanding its price potential. When Pepe was launched, its total circulating supply was set at 420.69 trillion tokens. Importantly, no additional tokens have been minted since its launch, establishing a fixed supply that cannot be inflated by the development team. This fixed supply ensures that investors do not face dilution from new token issuance.
However, to manage the token’s supply further and increase demand, the Pepe development team periodically burns tokens. For instance, on October 24, 2023, the team burned 6.9 trillion tokens, which led to a 20% rise in Pepe’s price.
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Therefore, the current circulating supply of Pepe stands at 420.69 trillion coins, minus any burned tokens.
Why Pepe’s Supply Matters to Investors
Supply and demand are fundamental in determining an asset’s value, and Pepe’s fixed supply sets it apart from other cryptocurrencies with inflationary models. With a decreasing supply due to periodic burns, Pepe operates under a deflationary mechanism. This approach naturally creates scarcity, which can drive demand and positively impact its price—assuming other market factors such as sentiment, trends, and development continue to support the token.
For investors, Pepe’s fixed supply presents a significant opportunity. If demand remains strong while the supply decreases, Pepe’s price has the potential to rise over time, making it an attractive option in the meme coin market.
Comparing Pepe’s Supply to Other Cryptocurrencies
Pepe vs. Dogecoin Supply
Dogecoin, another major meme coin, has a total supply of 146.38 billion tokens. However, Dogecoin operates under an inflationary model, meaning more DOGE coins can be minted and added to the total supply. In contrast, Pepe’s deflationary model, which involves burning tokens to reduce supply, may give it an edge over Dogecoin in terms of long-term demand. As Pepe’s supply decreases over time, it could become more desirable to investors compared to Dogecoin, which faces ongoing inflation.
Pepe vs. Shiba Inu Supply
Shiba Inu (SHIB) is another meme coin, but its supply dynamics are much larger. Shiba Inu has a total supply of 999.98 trillion tokens, with 589.26 trillion tokens currently in circulation. Like Pepe, Shiba Inu also employs a token-burning mechanism to reduce supply. However, Shiba’s total supply is more than double that of Pepe, which may be a disadvantage in the long run. Investors may see Pepe’s smaller total supply of 420.69 trillion tokens as a more attractive option, assuming demand remains strong.
Conclusion: What Does the Future Hold for Pepe?
Pepe’s fixed supply, combined with periodic token burns, positions it as a deflationary asset, which could prove favorable for long-term investors. As supply decreases and demand remains stable or increases, Pepe has the potential to appreciate in value. Investors should consider the broader market conditions and trends within the meme coin space when evaluating Pepe’s future prospects.
While Pepe continues to climb the ranks of the meme coin world, it will be essential to monitor how its supply dynamics and community-driven momentum shape its future price movements.
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Disclaimer: The information provided in this article does not constitute investment advice, financial advice, trading advice, or any other advice, and should not be treated as such. Coin Push Crypto Alerts does not recommend buying, selling, or holding any cryptocurrency. Always conduct your due diligence and consult a financial advisor before making any investment decisions.
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There are indications that the crypto will be distributed to players over two years rather than all at once. This approach is likely designed to prevent a rapid drop in price after listing, with the intention that only the “whales” will remain to buy up your coins gradually.
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FAQ
How many Pepe coins are there in total?
Pepe’s total supply was set at 420.69 trillion tokens at launch, with no additional tokens issued since. However, periodic token burns reduce this supply over time.
Why does Pepe burn tokens?
The Pepe development team periodically burns tokens to decrease the total supply, which creates scarcity and can lead to increased demand and price appreciation.
How does Pepe compare to Dogecoin and Shiba Inu in terms of supply?
Pepe has a fixed supply of 420.69 trillion tokens, while Dogecoin has a potentially unlimited supply, and Shiba Inu has a much larger total supply of 999.98 trillion tokens. Pepe’s deflationary model sets it apart from both DOGE and SHIB.
