There’s massive growth happening within the Memecoin PEPE token ecosystem. So, there was a recent token burn, attracting a lot of attention within the crypto community. Furthermore, they changed their board of advisors in their bid to move the project forward.
Memecoin Pepe Token Developers Record Announce New Team of Advisors
- In one of their latest posts on Twitter (now X), Pepe said they will be anointing a new group of advisors to help them in their project. So, the Pepe token wants to move forward in some of its goals. Hence, there was a need for some new hands to help in the project development of this token. This is what they said in their latest announcement.
- Remember that the Memecoin Pepe Token had an old group of advisors before the new ones. So, there were some tokens for this old group of advisors. Pepe already has massive plans on what to do with these tokens. So, according to them, they will find ways to use the remaining 3.79T tokens attributed to the original team CEX multi-sig wallet for strategic partnerships.
Memecoin Pepe Token Burns a Massive $5.5 Million Tokens
- Pepe just made a crucial announcement on Twitter (now X). So, this announcement was one of the things that made the price of this top memecoin move to new levels on the price chart. There was a token burn of approximately 6.9 trillion Pepe tokens. At the time of making this burn, the total worth of the tokens was $5.5 million. So, we will make an explanation of what a Memecoin Pepe token burns.
- A Pepe token burn is simply when the developers of this token try to make it more scarce. So, they send massive amounts of these tokens to unknown, invalid wallets. This automatically makes these tokens to be worthless or useless. So, this was the recent action of the memecoin Pepe token developers. Moreover, it is having a positive impact on the token.
PEPE Token Price Increases to New Levels
- Pepe price predictions show that the token is on the path of increasing to new levels. So, even looking at the current price charts, everything is looking good for this token. There’s currently more than a 20% increase in this token. Furthermore, the weekly and monthly charts are even in better condition.
- One of the things to note is that traders are making massive profits off this token. So, it is currently up by more than 80% in the past seven days. On the monthly charts, there’s currently a price increase of more than 60%.
Conclusion
The memecoin Pepe token is having a good moment in the crypto market. There’s currently a massive increase in price for this memecoin. So, one of the things contributing to this is their recent token burn of approximately $5.5 million worth of tokens. Furthermore, there was a recent change in their team of advisors.
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The information provided in this article is for informational purposes only and should not be considered financial advice. The article does not offer sufficient information to make investment decisions, nor does it constitute an offer, recommendation, or solicitation to buy or sell any financial instrument. The content is opinion of the author and does not reflect any view or suggestion or any kind of advise from CryptoNewsBytes.com. The author declares he does not hold any of the above mentioned tokens or received any incentive from the company.
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