Pepe, a cryptocurrency based on popular memes, has recently attracted considerable interest within the crypto community. As an increasing number of investors embrace this distinctive asset, the question arises: who are the Top Holders Pepe coin? By pinpointing the major stakeholders of this cryptocurrency, we can acquire valuable insights into the market sentiment surrounding Pepe and potentially identify patterns that may guide investment decisions. In this Cryptopolitan guide, we will delve into the prominent holders of Pepe and analyze the implications for the future of this emerging asset.
How much is Pepe worth?
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.
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.