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

Launched in April 2023, Pepe quickly became one of the most popular meme coins in the crypto world and one of the best along with Doge, Shib and others. At the time of this writing, Pepe ranks 30th among thousands of cryptocurrencies in terms of market cap.

But for any investor to make an informed buying or selling decision, additional information is needed. Meme coins have different supply dynamics that include price trends as well as token burns that can affect the future of the meme coin.

In this article, we will discuss how many Pepe tokens there are out there, the total supply of Pepe tokens in circulation, and what the future holds for this top meme coin.

Pepe money announced

The ‘Pepe the Frog’ meme came to life with the birth of Pepe as the name of this meme coin is now taken in the same breath as top memes like DOGE, WIF and SHIB.

While most cryptocurrency projects have a concrete use case that impacts their price in the crypto world, Pepe, like other meme coins, has not only survived but become huge thanks to massive social media influence, virality, and most importantly, a loyal fan base. token holders.

Since its launch, Pepe has hit an all-time high of 0.00001730, which represents an increase of almost 2600%. At the time of writing, Pepe is trading at 0.00001023, which is only 68% below its all-time high.

Pepe all time price chart | Source: TradingView Total supply of Pepe coins

Initially, Pepe’s circulating supply was 420.69 trillion tokens, and no additional tokens were added to this supply after the token’s launch. This is great because a fixed supply means that the price cannot be greatly affected by the founding team adding more tokens to Pepe’s total supply.

So the answer to the question of how many Pepe coins are in circulation is the same as its fixed supply, which is 420.69 trillion coins. However, to further increase demand, the supply needs to be reduced, and for this purpose the Pepe founding team often periodically burns the token supply. Last month, 6.9 trillion tokens were burned on October 24, 2023, causing the value of the Pepe token to increase by 20%.

Why is Pepe’s offering important to investors?

In the current world we live in, an important criterion for our interest in everything is based on supply and demand. The lower the supply, the higher the demand for it. As explained above, the fact that the Pepe team does not issue new tokens and also periodically burns Pepe tokens makes this entire process an attractive deflationary mechanism for investors.

A fixed supply of tokens creates scarcity, which stimulates demand, and this also has a positive effect on the price; All other important factors such as market sentiment, trend and continuous development remain in favor of the Pepe token.

Comparing Pepe’s supply with other cryptocurrencies

Meme coins need a strong community behind them to not only help them grow but also sustain their existence for a long time in this volatile cryptocurrency market. While many memecoins have a good fan base in the crypto world, many do not have the ideal token supply conditions that will allow them to thrive in the long term.

Each meme coin has different supply dynamics and it is important to understand which one has better supply mechanisms as it plays an important role when deciding to invest in any meme coin project.

Here we will compare Pepe’s token supply to Doge and Shiba Inu, two of the most popular meme coins.

PEPE and DOGE Supply

Dogecoin has a total supply of 146.38 billion tokens, but unlike Pepe, it is not fixed, meaning more Doge coins can be minted and added to Dogecoin’s total supply. This is an inflationary model, Pepe has a deflationary model; This may indicate that demand for the Pepe coin may increase over time compared to Dogecoin, provided all other market conditions remain the same.

PEPE and SHIB Supply

Shiba Inu is another popular dog meme coin, but it has the largest supply compared to Doge and Pepe, currently standing at 999.98 trillion tokens, with 589.26 trillion tokens in circulation. The Shiba Inu team has a burn mechanism with a strategy similar to Pepe coin burning tokens periodically to reduce supply and increase demand among investors.

Even though Shib’s total supply is fixed, it is more than double Pepe’s fixed supply of 420.69 trillion, which could be a disadvantage in the long run considering other market conditions remain the same.

FAQ How many Pepe coins were initially released?

The Pepe team has released 420.69 trillion coins, which will remain stable and no new tokens will be added to this fixed supply. A significant portion of the token supply has been allocated to maintain good liquidity on centralized exchanges as well.

How many Pepe coins are mined per day?

Unlike Doge coin, Pepe coin has no mining mechanism as its supply is fixed. This ensures that the demand for Pepe coins remains in line with market sentiment and also acts as a preventive measure against inflation.

Is Pepe Coin worth buying?

Buying Pepe coin depends on your personal investment goals and risks. It is also important to keep in mind the volatility, market sentiment, and overall trend of the crypto markets before investing in the Pepe token.