Pepe (PEPE) has rallied over 53% in the past 7 days following a 6.9 trillion ($5.5 million) token burn.
Pepe (PEPE) has rallied over 53% in the past 7 days following a 6.9 trillion ($5.5 million) token burn, an operation that permanently eliminates tokens from circulation by sending them to an unregulated address.
The memecoin has now achieved a two-month high, putting the team's token holdings to rest. With the team currently holding 3.79 trillion tokens ($3.72 million), any prospective sales on the open market would have a negligible impact.
The team also announced the recruitment of new advisors to guide Pepe's development in a message released on Pepe’s X (previously Twitter) account. They are also looking into strategic alliances and marketing potential for the remaining 3.79 trillion tokens associated with the original team's CEX multi-sig wallet.
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