Pepe Memecoin Surges 31% After Burning $5.5M in Tokens to Reassure Investors
- Pepe Memecoin (PEPE) rose 31% after burning $5.5M worth of tokens
- The burn reduced total token supply and eased concerns about team holdings
- PEPE trading volume surged to $397M as price hit a 2-month high
- The burn followed unauthorized transfers by rogue developers
- PEPE bucked the bitcoin dominance trend as BTC hit $35K
