#PEPE — The burning progress exceeds 70%, and the exchange reserves have hit a record low, with supply tightening entering a countdown.

The supply reduction of PEPE is not just a slogan; it’s real gold and silver burning. As of April, the originally planned $500 million burn program has completed over 70%, with approximately $350 million worth of PEPE permanently destroyed. On-chain data shows that PEPE balances on exchanges have dropped to the lowest point in history, down more than 40% since the beginning of the year. Meanwhile, the number of whale addresses holding over 10 billion tokens has increased by 17 in the past month, with a total addition of over 8 trillion PEPE. The price has been consolidating around 0.0000034 for nearly two months, with volatility compressed to the extreme — a typical “spring compression” structure. Once the ETF makes progress or the burn reaches 100%, the trend could become one-sided. Small investors seek high elasticity; PEPE is like a lottery ticket in many accounts. Have you bought it?