Pepe, the popular meme-based cryptocurrency, has recently gained significant attention in the crypto community. As more and more investors flock to this unique asset, the question arises: who are the top holders of Pepe? By identifying the largest holders of this cryptocurrency, we can gain valuable insights into the market sentiment surrounding Pepe and potentially uncover patterns that could inform investment decisions. In this Cryptopolitan guide, we will explore the top holders of Pepe and examine what this means for the future of this emerging asset.
How much is Pepe worth?
Today’s Pepe price is $0.000002 with a 24-hour trading volume of $475,172,548. Pepe is down 6.52% in the last 24 hours. The current CoinMarketCap ranking is #62, with a live market cap of $727,431,494. It has a circulating supply of 391,790,000,000,000 PEPE coins and a max. supply of 420,690,000,000,000 PEPE coins.
Who Holds the Most PEPE Crypto?
According to data from Etherscan, the top 15 holders of Pepe Token (PEPE) own a significant portion of the token’s total supply. These top holders collectively own over 87% of the total PEPE token supply, currently over 420 trillion tokens.
The largest holder of PEPE owns over 40% of the total token supply, which is worth millions of dollars at current prices. The other top holders also own significant PEPE, with the top 5 holders owning over 70% of the total token supply.
These large holders, also known as “whales,” have the potential to significantly impact the price of PEPE if they were to sell their holdings. However, the top holders may have gained their holdings at different price points and may have varying investment strategies, so their actions may not necessarily be coordinated.
The profits made by the top holders of PEPE have been mind-blowing, with some having made millions of dollars from their investments in the token. The concentration of PEPE token ownership among a few holders highlights the potential for market manipulation and the importance of conducting thorough research before investing in any cryptocurrency.
Pepe Coin Technical Analysis
Pepe Token (PEPE) has experienced a rejection just below the $0.00000290 price level, and since then, the price has been on a downtrend. However, on the 30-minute chart, PEPE has gained momentum, and the overall trend has turned marginally bullish.
The current price of PEPE is below both the 50-day and 200-day moving averages, which suggests that the token is within the bearish zone. However, the fact that the 50-day MA is above the 200-day MA is a bullish signal and could indicate a potential reversal in the trend.
The immediate support level for PEPE is around $0.00000212, where buyers prevented the asset price from falling further. On the upside, the 200-day MA is the first level of resistance. The RSI chart indicates increasing buying pressure, with the RSI on the uptrend and breaking above the 14-day MA.
The Fear and Greed indicator shows an improving market sentiment, with the Fear and Greed bars increasing in the Greed zone. The momentum oscillator is still within the bearish axis, but it is on the uptrend and likely to break above 0 and enter the bullish axis. On the MACD chart, the MACD line is retesting the signal line from below, and with the increased buying pressure, it may break above the signal line.
PEPE’s current price is in the bearish zone, but the bullish signals from the 50-day MA and the increasing buying pressure from the RSI chart and Fear and Greed indicator suggest a potential reversal in the trend.
Pepe Token Overview
The price of Pepe has fallen by 37.19% in the past 7 days. The price declined by 4.91% in the last 24 hours. In just the past hour, the price grew by 2.72%. The current price is $0.00000192 per PEPE. Pepe is 49.49% below the all-time high of $0.00000381.
Pepe Token Price History
The PEPE meme coin was introduced in mid-April 2023, with its initial listing on Etherscan on April 18th. just a few days after its launch, the cryptocurrency achieved a market capitalization of over $420 million. This success propelled it into the ranks of the top 100 coins in terms of total market capitalization.
Pepe Token (PEPE) is a meme coin with no practical applications in the real world. Instead, it pays tribute to the popular internet meme Pepe the Frog. One of the key features of PEPE is its exemption from taxes, making it an attractive option for investors who want to avoid significant charges when buying or selling the token.
Over 93% of the total token supply was deposited into the project’s liquidity pool and then burned, permanently removing them from circulation and increasing the value of the remaining tokens. This has contributed to the limited circulating supply of PEPE, which has been one of the primary reasons for the surge in its price and rising interest in Pepe coin price prediction since its launch.
Currently, PEPE has a circulating supply of 420,690,000,000,000 and a market capitalization of $868,637,349, ranking at #2616 in the entire cryptocurrency market, according to CoinMarketCap. Over the last 24 hours, the coin has experienced a significant 42.32% increase in price, driven by an increase in trading volume and market cap. PEPE has demonstrated a solid upward trend over the last seven days, with a 451.96% increase in value.
Recent Pepe News
A crypto whale appears to have exchanged almost all assets for PEPE, the newly created meme coin, according to the smart money on-chain analyst, Loonkonchain. Since the purchase, the whale has gained about $1.23 million in profit from the transaction. Lookonchain reported the whale exchanged 20.62 WBTC worth $590,000, 17 billion CULT worth $90,000, 44,194 UNI worth $235,000, and 19.96 ETH worth $37,000 in the transaction. In return, the whale received 1.72 trillion PEPE, with the price of PEPE during the transaction at $0.0000005533.
Despite PEPE being listed on BitMEX on May 3, bears controlled the early trading hours, driving prices down until support reached around $0.0000008471. After regaining market dominance, bulls drove the PEPE price to a 24-hour high of $0.000001423 before encountering resistance.
PEPE just listed on BitMEX, adding to the previous listings on OKX, Huobi, Gate.io, and MEXC. Users expect the listing on BitMEX to increase user awareness and exposure of PEPE, especially as the exchange allows traders to take long or short positions on PEPEUSD and PEPEUSDT with leverage of up to 50x.
What is Pepe?
Pepe Token is a digital cryptocurrency that is based on Ethereum blockchain technology. It is designed for various purposes, such as buying and selling goods and services, sending and receiving funds, and participating in decentralized finance (DeFi) applications. The token is named after Pepe the Frog, a popular internet meme.
One of the unique features of Pepe Token is its community-driven approach. The project is managed by developers and enthusiasts committed to creating a decentralized and transparent ecosystem. The community is involved in decision-making, and members are encouraged to share their ideas and suggestions.
Pepe Token is built on the Binance Smart Chain (BSC) platform, known for its high speed and low transaction fees. This makes it a more accessible and affordable option for users who want to participate in the token economy. The total supply of Pepe Tokens is capped at 10 billion, with a current circulating supply of around 2 billion.
Besides its use as a means of exchange, Pepe Token offers various other features and benefits. For example, users can stake their tokens to earn rewards or participate in liquidity mining programs to earn additional tokens. There are also plans to launch a decentralized exchange (DEX) and other DeFi applications in the future.
The Founders of Pepe Token
Pepe Coin was introduced on April 16, 2023, with no prior sale or publicity. The project’s website discloses that no established team is associated with the token, and its creators have remained anonymous. Although this may appear unusual, anonymity is expected in the crypto world, where unknown individuals launch many projects. The token draws inspiration from the famous “Pepe the Frog” meme that gained immense popularity during the 2010s. The iconic green frog inspires its design and caters to the preferences of meme enthusiasts.
Pepe Tokenomics
Pepe Coin’s tokenomics feature a clear and straightforward structure. The token has a total supply of 420,690,000,000,000 coins, with no taxes applied. A considerable 93.1% of the total supply is allocated to the liquidity pool, and LP tokens are burnt while the contract is renounced to ensure transparency and fairness. The remaining 6.9% is reserved in a multi-sig wallet for future use, such as exchange listings, liquidity pools, and bridges. This information is available through the ENS name “pepecexwallet.eth,” allowing for easy tracking of the wallet’s contents.
User Cases of PEPE token
Pepe Coin is a cryptocurrency that draws inspiration from the “Pepe the Frog” meme and has no specific use case. However, it can be used for transactions and traded on various decentralized exchanges. Some potential use cases for Pepe Coin could include the following:
1. Meme Enthusiasts: Pepe Coin appeals to meme enthusiasts who appreciate the humor and irony of internet culture. These users may hold the token as a collectible or for its symbolic value.
2. Crypto Traders: Pepe Coin can be traded on decentralized exchanges, making it an attractive asset for crypto traders. Traders can buy and sell Pepe Coin to take advantage of price movements and potentially generate profits.
3. Donations: Pepe Coin can also be used for donations to individuals or organizations that support internet freedom, free speech, or other causes that align with the values of the Pepe Coin community.
4. Gamers: Pepe Coin could be used in gaming environments that embrace meme culture. As online gaming continues to grow in popularity, virtual currencies like Pepe Coin may become more prevalent in the gaming world.
Where to buy Pepe Tokens
(PEPE) can be bought and sold on various centralized exchanges. Some of the popular exchanges that list PEPE include Crypto. com, Binance, Kucoin, BitMEX, Bybit, OKX, MEXC (No KYC), LBank,UniSwap,Huobi,Gate.io.
To buy PEPE, you must create an account on one of these exchanges and then deposit funds into your account. Once you have deposited funds, you can place your order and search for the PEPE trading pair (usually PEPE/BUSD or PEPE/BNB).
Renowned crypto Twitter user RookieXBT, with 368,000 followers, recently shared a tweet highlighting the potential for low liquidity to result in an asset’s price exploding or crashing. While it may be a tongue-in-cheek reference, RookieXBT seems to demonstrate that liquidity works both ways, and everyone is talking about how there is no liquidity in Pepe Coin, and if whales want to sell, the price will go to zero. However, the tweet suggests that the opposite may also be true, and liquidity might drive the price up as well.
PEPE Token Unique Features
Pepe Token (PEPE) has unique features that distinguish it from other meme coins in the market. The project is built around the legacy of Pepe the Frog, a character with a controversial history, which gives it a strong appeal within the crypto community.
One of the unique aspects of PEPE is its redistribution system. The project rewards long-term stakes, incentivising users to hold the token longer. This promotes holder incentives and increases the chances of long-term success for the project.
PEPE also utilizes a burning mechanism to maintain scarcity within the market. This helps to ensure that the token remains valuable over time and is a unique feature among meme coins.
Another way that PEPE stands out is through its no-tax policy. The project does not impose transaction fees, which can help to attract a wider audience and expand its user base.
These unique features make PEPE an intriguing project within the meme coin market. Its dedication to Pepe the Frog’s legacy, along with its redistribution system, burning mechanism, and no-tax policy, makes it an appealing option for users who want to participate in the world of cryptocurrency.
Where does Pepe the Frog come from?
Artist Matt Furie created Pepe the Frog as an easygoing, bro-like character in his 2005 comic series, The Boy’s Club. In one comic, Pepe urinates with his pants down at his ankles. Sporting a relieved grin, Pepe says, “Feels good man.”
Pepe’s creator told The Daily Dot in April 2015 that the name Pepe (though pronounced differently) evokes pee-pee, in keeping with the literal bathroom humor the original character is known for.
Conclusion
Pepe Token (PEPE) is a meme coin that pays tribute to the popular internet meme Pepe the Frog. Despite not having any practical applications in the real world, the project has gained attention and investment due to its unique features, such as its redistribution system, burning mechanism, and no-tax policy. These features aim to promote holder incentives and maintain scarcity within the market.
While the price of PEPE has been subject to volatility and fluctuations, the token has shown a potential financial return. As with any digital assets investment, it’s important to conduct thorough research and invest only what you can afford to lose. Nevertheless, PEPE’s dedication to the legacy of Pepe the Frog, combined with its distinctive features, makes it an intriguing project within the meme coin market.
Source: https://www.cryptopolitan.com/who-are-the-top-holders-of-pepe-tokens/