Meme Coin PEPE Soars After Massive Token Burn and Project Pivot

The eccentric meme-inspired cryptocurrency PEPE saw its token price surge over 28% in the last 24 hours following a major token burn and strategic pivot by the project’s team. The coin briefly breached strong resistance level at $0.0000001, hitting 2-months high.

The pseudonymous PEPE developers burned nearly $6 million worth of PEPE, removing it from circulation. This massive burn of 6.9 trillion reduced the total supply by over 40%, according to Colin Wu.

Soon after, PEPE’s official Twitter account announced that a new team of advisors had been brought on to guide the project’s future direction. The remaining 3.79 trillion PEPE held by the original developers will be used for “strategic partnerships and marketing opportunities,” they noted.

Source: CoinStats – Start using it today

The token burning and change in management appear to have reignited interest in the volatile meme coin. PEPE prices shot up 38% in last seven days, far outpacing the broader crypto market’s gains.

PEPE first exploded onto the scene in early 2023 when it soared over 600x in value in the midst of last year’s meme coin mania. However, like other hyper-speculative assets, it crashed dramatically when crypto markets turned bearish.

While meme tokens are notoriously unpredictable, PEPE’s latest revival demonstrates there remains an active community of buyers attracted to its eccentric nature. With the more serious project changes underway, some analysts believe PEPE could be poised for another viral rally.

However, skeptical observers warn that fundamental value remains low, and urge potential buyers to exercise caution with such a speculative, trend-driven asset. The coming days will reveal whether PEPE’s surge has true staying power or is merely another short-term spike.

We recommend eToro

74% of retail CFD accounts lose money.
Active user community and social features like news feeds, chats for specific coins available for trading.
Wide range of assets: cryptocurrencies alongside other investment products such as stocks and ETFs.
Copy trading: allows users to copy thetrades of leading traders, for free.
User-friendly: eToro’s web-based platform and mobile app are user-friendly and easy to navigate.
eToro offers staking for certain popular cryptocurrencies like ETH, ADA, XTZ etc.
intelligent crypto
How are  regular people making returns of as much as 70% in a year with no risk?  By properly setting up a FREE Pionex grid bot - click the button to learn more.
Crypto arbitrage still works like a charm, if you do it right! Check out Alphador, leading crypto arbitrage bot to learn the best way of doing it.

CaptainAltcoin's writers and guest post authors may or may not have a vested interest in any of the mentioned projects and businesses. None of the content on CaptainAltcoin is investment advice nor is it a replacement for advice from a certified financial planner. The views expressed in this article are those of the author and do not necessarily reflect the official policy or position of


Felix Küster
Felix Küster

Felix Kuester works as an analyst and content manager for Captainaltcoin and specializes in chart analysis and blockchain technology. He is also actively involved in the crypto community - both online as a central contact in the Facebook and Telegram channel of Captainaltcoin and offline as an interviewer he always maintains an ongoing interaction with startups, developers and visionaries. The physicist has couple of years of professional experience as project manager and technological consultant. Felix has for many years been enthusiastic not only about the technological dimension of crypto currencies, but also about the socio-economic vision behind them.