How many Pepe coins are there? Current supply & future outlook

Launched again in April 2023, Pepe took solely a short while to turn out to be some of the common meme cash on the planet of crypto and one of many high ones alongside the likes of Doge, Shib, and others. On the time of writing, Pepe sits on the thirtieth rank amongst 1000’s of cryptocurrencies by way of market capitalization. 

Nevertheless, more information is required for any investor to make an knowledgeable shopping for or promoting resolution. Meme cash have completely different provide dynamics that embody token burns, which may influence value tendencies and likewise the way forward for the meme coin.

On this article, we are going to focus on what number of Pepe cash are there, the entire Pepe token circulating provide, and what the long run holds for this top-tier meme coin.

Pepe coin defined 

‘Pepe the Frog’ meme got here to life with the beginning of Pepe as this meme coin’s title is now taken in the identical breath because the top-tier memes together with DOGE, WIF, and SHIB.

Whereas most cryptocurrency initiatives have a tangible use case that impacts their value within the crypto world, Pepe, like different meme cash has not solely survived but in addition turn out to be massive attributable to a big social media affect, virality, and most significantly, a loyal fan base of token holders.

Since its launch, Pepe has seen an all-time excessive of 0.00001730 which is sort of a 2600% pump. On the time of writing, Pepe is buying and selling at 0.00001023 which is just 68% beneath its all-time excessive.

Whole provide of Pepe cash 

Initially, the Pepe circulating provide was 420.69 trillion tokens, and no extra tokens had been added to this provide after the token’s launch. That is nice as a result of a set provide signifies that value can’t be majorly impacted by the founding workforce by including extra tokens to the entire provide of the Pepe. 

So the reply to what number of Pepe cash are in circulation is similar as its mounted provide, i.e. 420.69 trillion cash. Nevertheless, to additional create demand, provide needs to be decreased and for this goal, the Pepe founding workforce usually burns its token provide periodically. Final month on October 24, 2023, 6.9 trillion tokens were burned which led to a 20% rise within the Pepe token’s worth.

Why Pepe’s provide issues to traders

Within the present world we reside in, a key metric on which we appeal to to every little thing relies on provide and demand. The decrease the availability, the upper the demand for it. Because the Pepe workforce shouldn’t be issuing any new tokens and likewise burning Pepe tokens periodically as defined above, it makes this complete course of a deflationary mechanism which is enticing for traders.

A set provide of tokens creates shortage which promotes demand, that additionally has a optimistic influence on value, contemplating all different vital components like market sentiments, development, and fixed growth, stay in favor of the Pepe token. 

Evaluating Pepe’s provide to different cryptocurrencies 

Meme cash require a robust neighborhood behind them to not solely assist them develop but in addition maintain for a very long time on this unstable cryptocurrency market. Whereas many meme cash do get pleasure from a great fan base within the crypto world, not many have the perfect set of token provide circumstances for them to thrive long run.

Each meme coin has completely different provide dynamics and you will need to perceive which one has higher provide mechanisms because it performs an vital half when deciding to spend money on any meme coin challenge. 

Right here we are going to evaluate Pepe’s token provide to 2 of the preferred meme cash, Doge and Shiba Inu.

PEPE vs. DOGE Provide

Dogecoin has a complete provide of 146.38 billion tokens, nonetheless, in contrast to Pepe, it’s not mounted, which implies extra Doge cash could be minted and added to the entire provide of Dogecoin. That is an inflationary mannequin, whereas Pepe has a deflationary mannequin, which can point out that Pepe coin’s demand can improve over time as in comparison with Dogecoin, supplied all different market circumstances stay the identical. 

PEPE vs. SHIB Provide

Shiba Inu is one other common canine meme coin, but it surely has the biggest provide when in comparison with Doge and Pepe, presently standing at 999.98 trillion tokens of which 589.26 trillion tokens are in circulation. The Shiba Inu workforce has a burn mechanism in place which is the same technique to the Pepe coin of burning tokens periodically to decrease provide and improve demand amongst traders. 

Whereas Shib’s whole provide is mounted, it’s greater than double of Pepe’s mounted provide of 420.69 trillion which can show to be an obstacle in the long term, contemplating different market circumstances additionally stay the identical.

FAQs