Pepe is back in the game after a token burn that saw 6.9 trillion $PEPE coins move permanently out of circulation. The newfound energy in the market led by Bitcoin’s 21.92% surge to $35K also fuelled the pump.

The frog-themed meme coin has climbed 31.95% on the daily chart and 92.56% on the weekly chart. Meme Kombat has also stolen the spotlight this week, crossing the $700K mark in its presale.  

개구리 테마 밈 코인은 일간 차트에서 31.95%, 주간 차트에서 92.56% 상승했습니다. Meme Kombat도 이번 주에 사전 판매 금액이 70만 달러를 돌파하며 주목을 받았습니다.

Pepe 7-day price action, CoinMarketCap

Token Burn After Concerns Over Unexpected Transfers

예상치 못한 전송에 대한 우려로 토큰 소각

Pepe was forced to initiate a token burn after concerns were raised over the team’s multi-sig holdings. 

Pepe는 팀의 다중 서명 보유에 대한 우려가 제기된 후 토큰 소각을 시작해야 했습니다.

“Since its inception, $PEPE has unfortunately been plagued by inner strife with a portion of the team being bad actors led by big egos and greed. They blocked team progress on making donations or purchases with multi-sig tokens due to inability to make signatures, disagreements, and being unavailable to contact for weeks at a time. Yesterday these 3 ex-team members came back behind my back, logged onto the multi-sig, stole 16 Trillion/ 60% of the 26 trillion multi-sig tokens, and sent them to exchanges to sale,” noted a team member in a tweet on the official page of Pepe in August.

Through burning, tokens are permanently moved out of supply as they are sent to an address without any owner. The action quells the concerns of the multi-sig wallet holdings. 

소각을 통해 토큰은 소유자가 없는 주소로 전송되므로 영구적으로 공급에서 제외됩니다. 이 조치는 다중 서명 지갑 보유에 대한 우려를 진정시킵니다.

After burning, the number of tokens held by the team is brought down to 3.79 trillion PEPE, a tiny portion of the total supply. The meme coin is selling for $0.000001212 now. Even if the team’s share were to be sold, that wouldn’t have much impact on the price action as the 24-hour trading volume of Pepe stands at $453M. 

소각 후 팀이 보유한 토큰의 수는 전체 공급량의 아주 작은 부분인 3조 7900억 PEPE로 줄어듭니다. 밈 코인은 현재 $0.000001212에 판매되고 있습니다. 팀의 주식이 매각되더라도 Pepe의 24시간 거래량이 4억 5300만 달러에 달하므로 가격 변동에 큰 영향을 미치지 않습니다.

6.9T $PEPE Tokens worth ~$6,000,000 have been burned. https://t.co/aN5LRUFz8u

A new team of advisors have been brought on to guide Pepe forward. Uses for the remaining 3.79T tokens attributed to the original team CEX multi-sig wallet for strategic partnerships and marketing… pic.twitter.com/JN3ssvH0XL

— Pepe (@pepecoineth) October 24, 2023

— 페페(@pepecoineth) 2023년 10월 24일

Since the burnt tokens amount to 1.6% of Pepe’s supply, it led to a massive price action across the meme coin market. Interestingly, it paralleled Bitcoin’s rally to $35K. The crypto market is going through a period of optimism in general with the ongoing developments around the approval of a spot Bitcoin exchange-traded fund (ETF).

Inspired by the broader market trends, the meme coin market is back in action. Assets like Dogecoin and Shiba Inu have also surged during the last few days, while new meme coins like Meme Kombat are anticipating a Pepe-like surge. 

더 넓은 시장 동향에 영감을 받아 밈 코인 시장이 다시 활성화되었습니다. Dogecoin 및 Shiba Inu와 같은 자산도 지난 며칠 동안 급등했으며 Meme Kombat와 같은 새로운 밈 코인은 Pepe와 같은 급등을 예상하고 있습니다.

Can Pepe Maintain the Momentum?

According to analysts, Pepe will continue to rise throughout the week, despite minor downtrends. The retail investor demand for Pepe is growing as the pump dominated social media platforms and made headlines. 

But can Pepe maintain its momentum?

하지만 페페는 그 추진력을 유지할 수 있을까?

That remains to be seen. While the recent token burn goes on to prove the team’s commitment and accountability, Pepe can’t make the journey ahead without anything substantial to support its value. 

Utility and partnerships are key when it comes to the long-term relevance and sustainability of a digital asset. As of now, Pepe’s demand is limited to speculative traders, driven by social media buzz. 

디지털 자산의 장기적인 관련성과 지속 가능성에 있어서 유틸리티와 파트너십은 핵심입니다. 현재 Pepe의 수요는 소셜 미디어의 인기에 힘입은 투기 거래자로 제한되어 있습니다.

While meme coins like Dogecoin and Shiba Inu went on to integrate use cases in later stages, a similar approach would rock the foundation of Pepe. 

According to the website, “$PEPE is a meme coin with no intrinsic value or expectation of financial return. There is no formal team or roadmap. the coin is completely useless and for entertainment purposes only”.

웹사이트에 따르면, “$PEPE는 내재적 가치나 금전적 수익에 대한 기대가 없는 밈 코인입니다. 공식적인 팀이나 로드맵은 없습니다. 코인은 전혀 쓸모가 없으며 오락 목적으로만 사용됩니다.”

The daring attempt went on to grab massive attention for Pepe in its early days, helping it pump 5000% at one point. But long-term reliance on volatility and social media hype will prove to be lethal for Pepe. In fact, the token has been dead for a long time after it hit an all-time high in May. 

Pepe’s durability beyond 2023 is questionable unless the team explores new partnerships and use cases. 

팀이 새로운 파트너십과 사용 사례를 탐색하지 않는 한 2023년 이후 Pepe의 내구성은 의심스럽습니다.

Meme Coin Investors Are Stocking Up On $MK 

Meme Kombat is a new meme coin powered by play-to-earn and GambleFi utilities. That is likely the reason Pepe investors are buying $MK tokens alongside for diversification. 

Meme Kombat는 Play-to-Earn 및 GambleFi 유틸리티로 구동되는 새로운 Meme 코인입니다. 이것이 Pepe 투자자들이 다각화를 위해 $MK 토큰을 함께 구매하는 이유일 것입니다.

The project caters to both active and passive users by hosting an arena for AI-generated meme battles. The combination of gripping gaming mechanics with passive staking rewards (112% APY) is designed as a strategy to ensure the long-term sustainability of the project. 

Meme Kombat is at its core a play-to-earn meme coin that combines GambleFi, AI, and passive income. With AI-generated meme battles, Meme Kombat positions itself as a front-runner in the GambleFi revolution that is gaining pace. 

While GambleFi is now largely limited to casinos and sportsbooks, Meme Kombat opens a new dimension with meme-themed virtual combats. 

Now in the presale stage, $MK is moving toward an early sell-out and token launch after witnessing massive traffic. The demand for the token has been especially high over the last few days, kindled by the revival of the crypto market. Being in its early phases of development, the meme coin has larger room for growth than its competitors like Pepe, Shiba Inu, and Dogecoin. 

이제 사전 판매 단계에서 $MK는 대규모 트래픽을 목격한 후 조기 매진 및 토큰 출시를 향해 나아가고 있습니다. 암호화폐 시장의 부활로 인해 지난 며칠 동안 토큰에 대한 수요가 특히 높았습니다. 개발 초기 단계에 있는 밈 코인은 Pepe, Shiba Inu 및 Dogecoin과 같은 경쟁사보다 성장 여지가 더 큽니다.

#MemeKombat UPDATE

Staged Presale = ON

NOW: 0.1667 USD
Nov 2nd: JUMPS to 0.1833 USD

The timer is set! Secure your $MK before the rise! pic.twitter.com/LMreT8M2Ce

#MemeKombat 업데이트 단계적 사전 판매 = 현재: 0.1667 USD 11월 2일: 0.1833 USD로 점프타이머가 설정되었습니다! 상승하기 전에 $MK를 확보하세요! pic.twitter.com/LMreT8M2Ce

— Meme Kombat (@Meme_Kombat) October 23, 2023

— 밈 컴뱃(@Meme_Kombat) 2023년 10월 23일

Led by Matt Whiteman, Meme Kombat is a doxxed project, unlike most of the meme coin market. 

Matt Whiteman이 이끄는 Meme Kombat는 대부분의 Meme 코인 시장과 달리 신상 털기 프로젝트입니다.

The launch of Meme Kombat Season 1 is scheduled soon after the token launch to fuel the initial price action. According to analyst Jacob Bury, the meme coin is poised for a tenfold increase in value upon its launch. 

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The post Pepe is Back in the Game with a 90% Pump, While Meme Kombat Crosses $726K appeared first on CaptainAltcoin.

Pepe가 90% 펌프로 게임에 돌아왔습니다. Meme Kombat가 726,000달러를 넘는 동안 CaptainAltcoin에 처음 등장했습니다.