Meme coins are having a remarkable year, with PEPE in particular soaring to a new all-time high in November 2024 and up nearly 2,000% in a year.
The PEPE crypto is the third largest meme coin by market capitalization, with a $9.5bn market cap, according to CoinMarketCap, and seeing extraordinary pumps across the year, and always a strong contender in our top meme coins to buy.
For any buyer, it is worth exploring the top holders (“whales“) — is the crypto ownership spread across many wallets? Who owns Pepe coin? Can a PEPE whale manipulate the price?
Join us as we explore the top PEPE holders.
Key Takeaways
- PEPE has surged to new all-time highs in 2024, showing nearly 2,000% growth.
- The top 10 PEPE holders control over 43% of the circulating supply, raising questions about potential price influence.
- PEPE is a pure meme coin with no intrinsic value, drawing interest from meme culture fans.
- Investing in PEPE is viewed as a fun, speculative option for many, without guaranteed financial returns.
- The PEPE contract is 0x6982508145454Ce325dDbE47a25d4ec3d2311933.
Who Owns the Most PEPE? Top 10 PEPE Holders
# | Wallet Address | Pepe Coin Owner | Quantity | Percentage | Value (USD) |
1 | 0xf977814e90da44bfa03b6295a0616a897441acec | Binance | 81,812,357,989,316 | 19.45% | $1,832,596,819 |
2 | 0x88a1493366d48225fc3cefbdae9ebb23e323ade3 | Unknown | 19,100,000,000,050 | 4.54% | $427,840,000 |
3 | 0x6cc5f688a315f3dc28a7781717a9a798a59fda7b | OKX | 18,746,618,884,965 | 4.46% | $419,924,263 |
4 | 0x28c6c06298d514db089934071355e5743bf21d60 | Binance | 16,060,391,313,674 | 3.82% | $359,752,765 |
5 | 0xf3b0073e3a7f747c7a38b36b805247b222c302a3 | Unknown | 9,451,555,076,360 | 2.25% | $211,714,834 |
6 | 0x9b0c45d46d386cedd98873168c36efd0dcba8d46 | Unknown | 8,279,957,778,437 | 1.97% | $185,471,054 |
7 | 0x16b2b042f15564bb8585259f535907f375bdc415 | Unknown | 8,066,145,866,377 | 1.92% | $180,681,667 |
8 | 0x835678a611b28684005a5e2233695fb6cbbb0007 | Unknown | 7,719,784,572,409 | 1.84% | $172,923,174 |
9 | 0x000000000000000000000000000000000000dead | Burn Address | 6,917,076,777,560 | 1.64% | $154,942,520 |
10 | 0x3f9a8345729ea842708e080e238c92731e5699b8 | Unknown | 5,140,218,950,919 | 1.22% | $115,140,905 |
Table updated November 14, 2024
Knowing who the biggest DOGE whales are is particularly important in the context of the digital asset’s tokenomics, including market dynamics, price manipulation concerns, and community perception.
It is a key fact when it comes to analyzing whether a meme cryptocurrency is on the verge of success or doom.
The total number of PEPE tokens in circulation as of November 14, 2024, is 420.69 trillion coins, according to data published on CoinMarketCap — and every meme fan will enjoy those numbers.
CoinCarp notes that PEPE is held by 308,000 individual wallets. The top 10 PEPE owners hold over 43% of the total token supply, and the top 100 hold over 72%, showing that these whales could yield significant influence over where the price of the cryptocurrency could be headed.
Ethercan provided similar data but noted that the total number of PEPE coin holders stands at around 309,000 individual wallets.
Celebrity Impact on the PEPE Market
Celebrities have been a long-time known factor for wielding influence in memecoin ownership, with some of the most prominent names online, like Elon Musk and Mark Cuban promoting DOGE, for example.
According to the official PEPE coin website:
“$PEPE is a meme coin with no intrinsic value or expectation of financial return. There is no formal team or roadmap. the coin is completely useless and for entertainment purposes only.”
And because of this, recent price hikes and PEPE millionaire investments could be associated with people wanting to jump in on a trend and FOMO.
Anndy Lian, author of NFT: From Zero to Hero, said:
“The increasing popularity and demand for meme coins, especially after the success of Shiba Inu and Dogecoin, created a FOMO (fear of missing out) effect among investors and traders who wanted to catch the next big wave.”
Investing in PEPE Is Simply “Fun”
Lian explained that you can never know for certain why whale accounts are buying into a certain cryptocurrency or not.
“Whales may be buying into the coin for various reasons, such as speculation, diversification, or support. Some whales may be buying PEPE as a speculative investment, hoping to profit from its price fluctuations or future growth. Others may be buying PEPE as a way of diversifying their portfolio, adding some exposure to the meme coin sector.”
On a more personal note, Lian saw the investment as a way of supporting the project and meme culture and showing appreciation for a project and its community.
“After so many years in the space, if a crypto investor would value ‘intrinsic value’ higher, I would ask him to go and buy more ‘stonks’. To me, it is fun or entertainment, enjoying the thrill or humor of investing in a meme coin that makes a bull market more exciting. Of course, none of this is financial advice.”
The Bottom Line
The recent bullish momentum in PEPE’s price reflects a good period for crypto markets.
While whale movements and the concentration of PEPE coins among the 100 top holders could raise some questions about market dynamics and potential influence on price movements, the light-hearted nature of the memecoin tends to draw investors in.