Launched in April 2023, Pepe quickly rose to become one of the most popular meme coins in the crypto world, ranking alongside giants like Dogecoin (DOGE) and Shiba Inu (SHIB). As of now, Pepe holds the 30th position by market capitalization among thousands of cryptocurrencies.
For investors, understanding Pepe’s supply dynamics—including token burns and fixed supply—is crucial for making informed decisions. This article explores the total circulating supply of Pepe coins, its deflationary mechanisms, and what the future holds for this top-tier meme coin.
Pepe Coin Explained
Pepe the Frog, the meme behind this cryptocurrency, has evolved into a cultural icon in the crypto space. Unlike traditional cryptocurrencies with tangible use cases, Pepe thrives on social media influence, virality, and a dedicated community of holders.
Price Performance
- All-Time High (ATH): $0.00001730 (~2600% increase from launch).
- Current Price: $0.00001023 (68% below ATH).
👉 Track Pepe’s live price on TradingView
Total Supply of Pepe Coins
Pepe started with a fixed circulating supply of 420.69 trillion tokens, with no additional minting post-launch. This fixed supply prevents inflationary pressures and ensures price stability.
Key Supply Facts:
- Current Circulating Supply: 420.69 trillion (same as total supply).
- Token Burns: The team periodically burns tokens to reduce supply and boost demand. For example, on October 24, 2023, 6.9 trillion tokens were burned, causing a 20% price surge.
Why Pepe’s Supply Matters to Investors
Deflationary Mechanism
- Scarcity-Driven Demand: Fixed supply + burns create scarcity, increasing long-term demand.
- Price Impact: Reduced supply correlates with potential price appreciation, assuming positive market sentiment.
Comparing Pepe’s Supply to Other Cryptocurrencies
PEPE vs. DOGE
| Metric | Pepe (PEPE) | Dogecoin (DOGE) |
|---|---|---|
| Total Supply | 420.69 trillion (fixed) | 146.38 billion (inflationary) |
| Model | Deflationary | Inflationary |
Pepe’s fixed supply gives it an edge over Dogecoin’s unlimited minting potential.
PEPE vs. SHIB
| Metric | Pepe (PEPE) | Shiba Inu (SHIB) |
|---|---|---|
| Total Supply | 420.69 trillion | 999.98 trillion |
| Circulating Supply | 420.69 trillion | 589.26 trillion |
Despite Shiba Inu’s burns, Pepe’s lower total supply may offer better long-term demand dynamics.
Future Outlook for Pepe
Strengths:
- Strong Community: Viral appeal and loyal holders.
- Deflationary Model: Burns enhance scarcity.
- Market Position: Top 30 by market cap.
Risks:
- Volatility: Common in meme coins.
- Competition: New meme coins emerge frequently.
FAQs
How many Pepe coins were initially released?
420.69 trillion tokens, with no further minting planned.
How many Pepe coins are mined daily?
Zero. Pepe has no mining mechanism—its supply is fixed.
Is it worth buying Pepe coin?
Depends on your risk tolerance and market outlook. Research volatility, trends, and community sentiment before investing.
Final Thoughts
Pepe’s fixed supply and burn mechanisms position it as a deflationary asset with growing demand potential. However, like all meme coins, it carries high risk. Diversify wisely and stay updated on market trends.
👉 Explore Pepe trading pairs on OKX
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