How many Pepe coins are there?
Release: 2024/10/22 04:48 Reading: 410
Launched in April 2023, Pepe quickly rose to prominence among meme coins, joining the ranks of Doge, Shib, and others. As of writing, Pepe holds the 30th position in terms of market capitalization among thousands of cryptocurrencies.
Understanding the supply dynamics of Pepe is crucial for making informed investment decisions. Meme coins have unique supply mechanisms, including token burns, that can influence price trends and future potential.
In this article, we will examine the number of Pepe coins in circulation, the total supply, and its significance to investors.
Table of Contents
Pepe Coin Explained
Total Supply of Pepe Coins
Importance of Pepe's Supply to Investors
Comparison of Pepe's Supply to Other Cryptocurrencies
FAQs
Pepe Coin Explained
Inspired by the 'Pepe the Frog' meme, Pepe coin has gained widespread recognition alongside other top-tier memes like DOGE, WIF, and SHIB. Unlike traditional cryptocurrencies with tangible use cases, Pepe and other meme coins rely heavily on social media influence, virality, and a loyal community.
Since its launch, Pepe has experienced a significant surge, peaking at 0.00001730, representing a 2600% increase. At the time of writing, Pepe trades at 0.00001023, approximately 68% below its all-time high.
src="/uploads/20241022/17295462026716c7da69e52.png">
Total Supply of Pepe Coins
Pepe's initial supply was set at 420.69 trillion tokens, which remains fixed, meaning no additional tokens will be introduced. This ensures that the price is not subject to manipulation by the founding team through supply inflation.
The current number of Pepe coins in circulation is equivalent to the fixed supply of 420.69 trillion. To further increase demand, the Pepe founding team periodically burns tokens, reducing the supply. On October 24, 2023, a substantial 6.9 trillion tokens were burned, resulting in a 20% spike in Pepe's value.
Importance of Pepe's Supply to Investors
In the realm of economics, supply and demand play a pivotal role. A limited supply typically leads to higher demand. Pepe's fixed supply and periodic token burns create a deflationary mechanism that appeals to investors.
Scarcity drives demand and, in turn, positively influences price, assuming other factors such as market sentiment, trends, and ongoing development remain favorable.
Comparison of Pepe's Supply to Other Cryptocurrencies
Meme coins thrive on strong communities that foster their growth and long-term sustainability. While many meme coins boast loyal followings, their supply dynamics vary, impacting their potential for long-term success.
Here, we compare Pepe's supply to two prominent meme coins, Doge and Shiba Inu.
PEPE vs. DOGE Supply
Dogecoin has a total supply of 146.38 billion tokens, which is not fixed. This means that new Doge coins can be minted and added to the supply, an inflationary model. Conversely, Pepe's fixed supply suggests that its demand may increase over time compared to Dogecoin, assuming all other market conditions remain constant.
PEPE vs. SHIB Supply
Shiba Inu, another popular dog meme coin, has the highest supply among the three, standing at 999.98 trillion tokens, of which 589.26 trillion are in circulation. Shiba Inu also employs a burn mechanism similar to Pepe coin, periodically reducing supply to increase demand among investors.
While Shib's supply is fixed, it exceeds Pepe's fixed supply by more than double, which may pose a disadvantage in the long run, assuming other market conditions remain unchanged.
FAQs
How Many Pepe Coins Were Initially Released?
The Pepe team released 420.69 trillion coins, a fixed supply with no plans for future issuance. A substantial portion of the supply has been allocated to ensure liquidity on centralized exchanges.
How Many Pepe Coins Are Mined Daily?
Unlike Doge coin, Pepe coins are not mined due to the fixed supply. This ensures that Pepe's demand remains linked to market sentiment and prevents inflation.
Is It Worth Buying Pepe Coin?
The decision to invest in Pepe coin depends on individual investment goals and risk tolerance. It's crucial to consider market volatility, sentiment, and the overall trend before making any investment decisions.
Recent news
More>- President Donald (PRESDON) Will Explode Over 15,000% Before Exchange Listings, While Shiba Inu and Dogecoin Lag 11-24
- Dogecoin Price Prediction for Today, November 23 – DOGE Technical Analysis 11-24
- Dogecoin Price Prediction for Today, November 23 – DOGE Technical Analysis 11-24
- Dogecoin (DOGE) Surges 19% as Hash Rate Hits Record High 11-24
- Solana Hits New ATH, As Pepe Surges 30% Amid Bull Market, Crypto Traders Eye New Meme Coin Going Viral After Video Release 11-24
- Dogecoin (DOGE) Bullish Streak is Awakening Shiba Inu (SHIB) Bulls: What’s Next? 11-24
- Top Meme Coins for December 2024: 5 Picks to Buy Before They Take Off! 11-23
- XRP Price Prediction: XRP Pumps 67% In A Week As Gary Gensler Plans SEC Exit, While Whales Swoop On Pepe Unchained Presale 11-23
- What’s Next for Crypto After Bitcoin Take $100k Price Level? Catzilla Coin Among 3 Altcoins Poised for Big Moves 11-23
Selected Topics
More>>-
- pepecoin Price Analysis
- This topic provides articles related to PepeCoin price, covering key PepeCoin insights and analysis
-
- pepe:meme star
- This topic provides articles related to the most promising meme, PEPECOIN, a project with the potential to become a mainstream digital currency. It has the advantages of decentralization, reliability, ease of use, fast speed, low cost and scalability, and is expected to be more widely used in the future
-
- pepecoin price prediction
- We’ve gathered facts about pepecoin’s success story and provided a pepecoin price prediction
Selected Articles
More>>- 1 Avalanche and Aptos rival raises over $600k in 2 weeks
- 2 Crypto Prices Today: Market Continues Rally With BTC, Pepe Coin, SEI Rising
- 3 Major Analyst Crypto Tony Bullish on These Meme Coins, But One Stands Out
- 4 MTAUR Ready to Crush DOGE and PEPE: 100x Price Growth Incoming?
- 5 Memecoins Surge in 2024, Popcat Leads with 7,621% YTD Gain, Outshining Top Crypto Tokens
- 6 PEPE Meme Coin Smashes ATH – See How Much an $83 Investment in Pepe Coin Last Year is Worth Now
- 7 Top 4 Altcoins At 70% Discounts – Last Chance!
- 8 Dogecoin Creator Proposes DOGE to NBA Legend Scottie Pippen
- 9 Top Analyst Who Predicted Dogecoin (DOGE) Last 170x Rally Forecasts New Parabolic Rise, Here’s His Price Target
- 10 New Solana Memecoin Trump Loves Elon to Rally 15,000% Before Exchange Listing, SHIB and Bonk Crash
ABOUT US
We are building the most influential，trusted information platform for aglobal community engaged in thd transformation of the financial system andthe emerging crypto economy.PEPE is an integrated platform for media,events,data & indices for the next generation fo investing and the future of money.
Get in touch with the PEPE team at admin@pepecoinbuy.com