How Many Pepe Coins Are There?
Date: 2024-10-22 Author: Gabriel Deangelo Categories: CRYPTO PAYMENTS
To make informed buy or sell decisions, it is important for investors to know more about the coin supply dynamics. Meme currencies tend to have their own quirks, including token burn mechanisms, which can impact the price trends and future of the coin.
In this article, we will discuss the number of Pepe coins in existence, their total supply, and the outlook for this cryptocurrency.
Total Pepe Coin Supply
There were initially 420.69 trillion Pepe coins in circulation, and no new tokens have been added since the launch. This is an important point, as the fixed supply means that the project team cannot issue more tokens and thereby dramatically change the price.
This keeps the total number of Pepe coins in circulation at 420.69 trillion. However, the team periodically burns some of the tokens to reduce the supply and stimulate demand. For example, on October 24, 2023, 6.9 trillion coins were burned, which led to a 20% increase in the token price.
Why Coin Supply Matters to Investors
In the world of cryptocurrencies, one of the key factors is the supply and demand ratio. The lower the supply, the higher the demand for an asset. Since the Pepe team does not issue new tokens and periodically burns some of the coins, this creates a deflationary model. This approach attracts investors, since a limited supply contributes to increased demand and, under favorable market conditions, an increase in the value of the asset.
In addition, a fixed supply creates a deficit, which has a positive effect on the price of the coin. However, it is important to consider other factors, such as market sentiment and project development.
Comparison of Pepe Supply with Other Cryptocurrencies
Mem currencies such as Doge and Shiba Inu are also popular among investors, but their supply conditions differ.
Pepe vs. Dogecoin
Dogecoin has a circulating supply of 146.38 billion tokens, and unlike Pepe, this supply is not fixed. This means that new coins can be issued, creating an inflationary model. Pepe, on the other hand, has a fixed supply and a deflationary model, which could lead to increased demand for the coin in the future if other market conditions remain stable.
Pepe vs. Shiba Inu
Shiba Inu, another well-known meme coin, has a significantly larger supply compared to Pepe and Doge, with 999.98 trillion tokens, of which 589.26 trillion are in circulation. Like Pepe, Shiba Inu also has a token burn mechanism to reduce supply and stimulate demand.
However, Shiba Inu’s total supply is almost twice that of Pepe, which could be a disadvantage for Shiba Inu in the long run, all other things being equal in the market.
