Pepe token following a new bullish pattern as the Pepe token team confirmed that $6,000,000 worth of Pepe tokens has been burned & also revealed new future plans.
Pepe token is a popular frog theme-based meme coin, no practical use case. This token grabbed huge popularity in the crypto sector in April of this year & became one of the popular meme coins along with Dogecoin, and Shiba Inu like tokens.
On 24 Oct 2023, the news related to BlackRock’s Bitcoin spot ETF which appeared in the DTCC website list acted as a catalyst for big rallies in the trade price of the majority of the crypto assets.
In the top 100 crypto assets list, the Pepe token surged highest by 26%.
In the last 7 days, the trade price of Pepe token surged nearly 45% which is also a very big increment in the trade price of any token on 24 Oct.
However, the core reason behind this big pump is not known to the crypto investors but few people claimed that the high amount of Pepe token burn news played a vital role in pushing the trade price of this meme token.
On the same day, the official Pepe token team announced that 6.9T $PEPE Tokens worth approximately $6,000,000 have been burned by the team.
Also, the announcement confirmed that they established a new team to bring the rest of the 3.7 trillion Pepe tokens in use. The main vision of the new team under strategic partnership will be to bring a better approach to burn Pepe token as well use in the development & marketing strategies for this frog-themed meme token.
In the follow-up tweet, the Pepe token team suggested people visit only the official Pepe token website (pepe.VIP) to Know about any kind of information related to this meme token and also said that no Pepe token airdrop, giveaway, or any kind of stacking program is in existence.
In short, the Pepe team suggested people stay away from all those people who claim to be from the Pepe project team and keep yourself away from any kind of Pepe-related fake scheme.
“Be cautious of anyone on X or Telegram claiming to be part of the $PEPE team or new advisors. Anyone working on behalf of Pepe will do so from the official Pepe.VIP domain email. There will likely be many impostors and people trying to use Pepe and the community for their advantage,” the Pepe token team stated.
Read also: Mina coin pumps 100% as another big exchange added support
Pepe token surges highest in the top 100 crypto assets, more burn more pump coming
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