PEPE Roars Ahead: Dominates SHIB And DOGE With Record-Breaking 6.9T Burn

SHIB and DOGE

In the midst of the ongoing fervor surrounding meme coins that have captured the cryptocurrency market throughout 2023, PEPE has staged an impressive resurgence, surpassing expectations and leaving Ethereum-based altcoin Shiba Inu (SHIB) and Elon Musk-backed Dogecoin (DOGE) in the dust.

After a prolonged decline that lasted from July 14 to October 3, PEPE shifted gears, entering an accumulation phase before embarking on a fresh bullish uptrend that commenced on October 20. This remarkable turnaround has propelled PEPE back into the top 100 cryptocurrencies, currently securing the 96th spot.

Bitcoin’s Surge Beyond $35,000 Sparks Market Uptrend

This resurgence in value can be largely attributed to the influence of Bitcoin (BTC), the market leader, which soared beyond the $35,000 mark on Tuesday. The current uptrend is predominantly fueled by growing anticipation of the approval of a spot Bitcoin exchange-traded fund (ETF), which is expected to usher in a new wave of capital into the crypto market.

Notably, Dogecoin, among the five popular meme coin, has also been significantly affected by Bitcoin’s ascent to $35,000. Shiba Inu, too, experienced a 5.9% gain, currently trading at $0.00000765, demonstrating a pattern that mirrors DOGE.

In a groundbreaking development, the PEPE development team announced on the X (formerly Twitter) platform that approximately 6.9 trillion $PEPE tokens, valued at around $6,000,000, have been permanently removed from circulation through burning.

Furthermore, a new team of advisors has been enlisted to chart the future course of Pepe. The original team is actively exploring the utilization of the remaining 3.79 trillion tokens, attributed to the Centralized Exchange (CEX) multi-signature wallet, for strategic partnerships and marketing initiatives.

You May Also Like:  Shiba Inu Phenomenon: Burn Rate Soars 900% Alongside SHIB Price Surge

The PEPE community can expect to receive regular updates regarding future token burns, transfers, or utilization through official channels such as Twitter and the official Telegram channel.

PEPE Price Skyrockets By 25.83% In 24 Hours

As of today, Pepe (PEPE) is trading at $0.000000930549, with a remarkable 24-hour trading volume of $455,035,042.79. Over the last 24 hours, the price of PEPE has surged by a staggering 25.83%, and it has posted an impressive 43.63% gain over the past 7 days.

With a circulating supply of 420 billion PEPE tokens, Pepe currently boasts a market capitalization of $398,014,904.

Source – TradingView

In comparison, SHIB is currently valued at $0.00000739, with a 24-hour trading volume of $314,695,140.13. Over the last 24 hours, SHIB has registered a price increase of 2.72% and a 6.04% gain in the past 7 days. With a circulating supply of 590 billion SHIB tokens, Shiba Inu carries a market capitalization of $4,348,847,496.

Meanwhile, DOGE is trading at $0.065989, with a 24-hour trading volume of $1,064,277,555.26. In the previous 24 hours, DOGE has exhibited a price increase of 3.02%, and it has recorded an 11.02% gain in the last 7 days. With a circulating supply of 140 billion DOGE tokens, Dogecoin maintains a market capitalization of $9,327,269,145.

The recent price movements and market activities observed among these meme coins serve as a testament to the renewed confidence and interest in the cryptocurrency market. These statistics firmly establish PEPE as the standout performer in the ongoing cryptocurrency resurgence.

For latest Memecoins News updates follow Memecoinist and also follow us on different  social media platforms like TwitterFacebookInstagram and LinkedIn

You May Also Like:  Cryptocurrency Community Buzz: Pushd Presale Attracts DOGE, SHIB, and PEPE Holders

Leave your vote

In the midst of the ongoing fervor surrounding meme coins that have captured the cryptocurrency market throughout 2023, PEPE has staged an impressive resurgence, surpassing expectations and leaving Ethereum-based altcoin…

Leave a Reply

Your email address will not be published. Required fields are marked *

GIPHY App Key not set. Please check settings

Log In

Forgot password?

Forgot password?

Enter your account data and we will send you a link to reset your password.

Your password reset link appears to be invalid or expired.

Log in

Privacy Policy

Add to Collection

No Collections

Here you'll find all collections you've created before.