Take Plush Pepe as an example: there are currently 2,825 pieces trading at a $13k floor price. Here's an interesting thought experiment—what happens if the circulating supply contracts by 2-4x?

Let's think through the mechanics. Fewer collectibles in the market typically tightens competition among buyers, which could reshape pricing dynamics. But the real question isn't just about price escalation—it's about what else changes.

Would new Plush Pepe variants emerge? How would rarity tiers shift if supply suddenly became scarcer? These aren't trivial details. In collectibles markets, scarcity directly influences desirability, and desirability influences what traders are willing to pay.

The secondary angle: if supply compression happens, does the aesthetic or utility of the remaining pieces matter more? Would collectors prioritize different attributes? It's a cascading effect—reduce supply, reset expectations, redefine value.