Recently, PEPE has seen notable burns aimed at reducing the supply and increasing the potential value of the coin. In one such burn, 6.9 trillion tokens were burned, representing about 1.6% of the total supply.
Additionally, a historic burn of 1 billion PEPE tokens was announced, which excited the community.
The burn mechanism is a deflationary strategy aimed at reducing the circulating supply of a coin, which could lead to an increase in its value over time. With each transaction, a small percentage of tokens are burned, reducing the total supply and increasing the scarcity of the coin.
PEPE is currently trading at $0.000000001094, down slightly by 0.00545% from its previous closing price. The coin reached a high of $0.000000001168 and a low of $0.000000001084 during the day. These burns are expected to positively impact the value of Baby Coin, as the reduced supply increases scarcity, which could boost demand and drive up the price.#BTCHovers100k#TariffHODL#AITokensBounce#MarketRebound
