Oliver Knight is a CoinDesk reporter based between London and Lisbon. He does not own any crypto.
Burning permanently removes tokens from supply and is done by sending them to an address not controlled by anyone.. The team now holds 3.79 trillion tokens , which would have minimal impact if sold on the open market as 24-hour trading volume has surged to $397 million, according to
"A new team of advisors have been brought on to guide Pepe forward," a post on the pepe X account said."Uses for the remaining 3.79T tokens attributed to the original team CEX multi-sig wallet for strategic partnerships and marketing opportunities are currently being explored."The rise in PEPE coincided with bitcoin rallying to a 17-month high of $35,000, fueled by optimism around the potential approval of a spot exchange-traded fund .
Bitcoin dominance is at its highest point since April 2021, with the original cryptocurrency outpacing the majority of altcoins aside from pepe. The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of
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