#Burning 13 million of this currency and transferring 4 trillion... Why?

_#Shiba.Inu.coin , the self-proclaimed #Dogecoin.killer , once again echoed a sense of frenzy across the broader cryptocurrency market on Friday, as the currency recorded significant whale activity recently. It is worth noting that the massive SHIB whale transfer that took place yesterday received great attention among cryptocurrency market fanatics after it appeared amid the price decline observed in the memes cryptocurrency. Moreover, in the midst of the price decline observed by the token. The Shiba cryptocurrency community has also made efforts to boost the SHIB token economy. At the same time, and in light of the previous statement. The community witnessed a notable burning saga, with nearly 13 million coins burned. A whale is transporting massive amounts of SHIB with the burn rate rising by 20% according to data revealed by #Whale.Alert , a platform that facilitates on-chain metrics.
SHIB recorded a major whale transfer today, December 29th. Moreover, according to the data, 4.25 trillion SHIB was mixed between two unknown wallets. Following on-chain metrics, the unknown wallet is referenced. 0x72c3f4fc…fa8d75d719, which resulted in the blocked amount being transferred to another unknown wallet, 0xe28310e2…1affaa372c. Furthermore, the total number of coins transferred between the two reached $44.90 million, prompting further speculation. Meanwhile, amidst the huge historical record of whales. The token has also witnessed an interesting burning phenomenon. According to data revealed by Shibburn, a platform that provides insights into SHIB burning. The Shiba Inu cryptocurrency community burned a whopping 13.14 million cryptocurrencies yesterday, December 29. Moreover, with society burning such noticeable amounts of SHIB. The burn rate seems to have seen a noticeable increase upwards.

$SHIB $DOGE

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$PEPE ..................... #PEPE
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Let's Discuss :

PEPE token has garnered attention in the cryptocurrency community, with some hopeful investors dreaming of its price reaching $1. However, a closer look at the token's fundamentals suggests that such aspirations may be unrealistic for several reasons.
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Firstly, the total supply of PEPE tokens is 420 trillion tokens. This large supply makes it challenging for the token's price to reach $1, as it would require an astronomical market capitalization.
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Secondly, the highest market capitalization ever reached in the cryptocurrency market is around $1.3 trillion, achieved by Bitcoin. With PEPE's total supply, even reaching a market cap of $420 trillion seems improbable.
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Lastly, ( #Burning ! ) even if token burning were implemented to reduce the supply, an incredibly large number of tokens would need to be burned to significantly impact the price. For example, burning 418 trillion tokens would only increase the price to around $0.80 per token, which is still far from $1.
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Investors interested in PEPE token and other cryptocurrencies should take the time to learn about how price changes and market capitalization work in relation to circulating supply. Understanding these concepts can help investors make more informed decisions and manage their expectations realistically.
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( I'm telling you fact with numbers ✓ ).

Let's discuss $PEPE 🐸 #PEPE . Some people are excited about this crypto token and hope its price will reach $1. But there are some reasons why hitting that target might not be easy. Firstly, there are a huge 420 trillion #PEPE tokens available. With so many tokens, reaching $1 would need a very high market value, which is hard. Secondly, the highest market value ever seen in crypto is about $1.3 trillion, held by Bitcoin. Even if PEPE aimed for a $420 trillion market value, it's unlikely. Even if they burned a lot of tokens (🔥 #Burning ), like 418 trillion, the price would only go up to around $0.80 per token, still far from $1. For investors interested in PEPE and other cryptos, understanding how prices and market values relate to token supply is important. It's about making smart choices and having realistic expectations. Just sharing the facts with some numbers. ✅
#HotTrends

3rd burning event of staked #VRC coin will happen on 13th July 2024. Staked VRC coin are burnt quarterly to reduce the supply. This will result in price appreciation.

#VRC #VRC_Network $BTC $ETH $BNB
#BinanceSquareFamily #Burning