Pepe Coin contract has a burn functionality, which will reduce the circulating supply and boost the PEPE price. A project, which has been burning millions of Terra Classic (LUNC) in the last few months, revealed last week that it will burn PEPE and Baby Doge Coin (BabyDoge). It has burned millions of PEPE and billions of BabyDoge this week.
Cremation Coin Burns PEPE, LUNC, and BabyDoge
Cremation Coin in a tweet on May 16 announces that it has burned 3.8 million Terra Classic (LUNC) tokens this week as part of its weekly LUNC burn. Also, it burned PEPE and BabyDoge for the first time this week.
The project burned 29.6 million PEPE and 126.6 billion BabyDoge. Until now, the PEPE community has burned almost 16 billion PEPE meme coins by sending them to the burn address.
Last week, the Baby Doge Coin team submitted a proposal to burn 100 quadrillions of BabyDoge tokens to boost security and reduce fees for BabyDoge transactions on Ethereum to 0%.
Cremation Coin’s total LUNC burn reaches over 401 million as the project burns 3.80 million LUNC tokens this week. Meanwhile, the total LUNC burned by the community has reached over 57.8 billion.
The Terra Classic community awaits a major upgrade this week and the burn rate has also jumped as DFLunc burns 2 billion LUNC tokens in two weeks.
Pepe Coin and LUNC Prices to Rally?
PEPE price currently trades at $0.00000167. The price jumped over 5% as the 24-hour low and high are $0.00000162 and $0.00000188, respectively.
Popular crypto analyst Michael van de Poppe predicts PEPE price needs to hold above $0.00000173 to continue toward $0.00000240. If $0.00000173 is lost, then short and try to catch a long at $0.00000085.
LUNC price fell 2% in the last 24 hours, with the price currently trading at $0.0000887. Meanwhile, BabyDoge price is trading at $0.0000000022, up 2% in the last 24 hours.
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