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Top 10 PEPE Holders: Who Owns the Most PEPE Coins Today?

Top 10 PEPE Holders: Who Owns the Most PEPE Coins Today?

Meme coins are on a bullish run this week, with some of the biggest names on the market, including Dogecoin (DOGE), Shiba Inu (SHIB), and PEPE, seeing massive gains. Although this price rally may not be directly linked to the meme coin frenzy itself, crypto analysts are speculating it is linked to the performance of Bitcoin (BTC), the world’s most popular digital asset.

At the start of February 2024, BTC started to rise and has since gained over 55% of its value, according to data provided by CoinMarketCap. The hike is speculated to have been aided by the recent approval of Bitcoin ETFs as well as the upcoming halving.

PEPE, the third biggest meme coin by market capitalization, saw its price surge by 254% in the past week  —up from $0.000002100 levels to currently sitting at around $0.000007480 as of March 5, 2024, according to CoinMarketCap.

According to data published on Twitter by Lookonchain, the surge in PEPE’s price could have been driven by whale accumulation, as two whales bought $4.9 million worth of PEPE tokens earlier today. But who has the most PEPE to capitalize on the rally?

Let’s look at the largest PEPE holders and where the cryptocurrency could be headed in the future.

Key Takeaways

  • Memecoins, including DOGE, SHIB, and PEPE, have experienced significant gains, potentially driven by the recent surge in BTC’s price and favorable market conditions.
  • PEPE has seen a remarkable 254% price surge in the past week, which could be partly attributed to whale accumulation.
  • Recent whale activity showed five wallets, assumed to be controlled by the same entity, selling 970 billion PEPE coins, making substantial profits since purchasing the digital assets.
  • The top 10 PEPE owners collectively hold over 45% of the total token supply, a significant portion indicating potential influence over price movements.
  • Celebrities like Elon Musk have historically influenced meme coin ownership through endorsements and online activity.

Who Owns the Most PEPE? Top 10 PEPE Holders

PEPE holders were exceptionally active on March 5, 2024, according to data provided by Lookonchain.

Anndy Lian, the author of NFT: From Zero to Hero, speculated that PEPE’s recent price jump might have been driven by a combination of factors, including a surge in demand and popularity of meme coins and the viral marketing and social media campaigns put out by the PEPE team and community.

Lookonchain found that five wallets, that are assumed to be the same person, sold 970 billion PEPE tokens, making around $5.66 million in profit since purchasing the tokens on January 15, 2024, for $1.18 million at the time.

 

According to the provided data, which was collected through Etherscan, these are the five wallet addresses:

  • 0x570cFE86ec71Cdae2D104a5A8F316d20de3C26F1
  • 0xFB37D526991EBeb92EE0C9B6D7EbD4a5C9c24f02
  • 0xd0dcf500901D9296a1F3489955857B0367103AF1
  • 0x43d9325467e3EdA336C7fa34cbA0991E9A38fAAF
  • 0x5c77655D1C768d6f6386Bc4CD85aeCB9F8f714b2

Additionally, another PEPE holder with the following wallet address 0x522e48ce64d357743935d932f4854b31e0928472 deposited 200 billion tokens (amounting to $1.48 million) to Binance for profit, according to data on Etherscan, holding onto an additional 400 billion ($2.91 million) tokens.

But are these the biggest PEPE holders?

The total number of PEPE tokens in circulation as of March 5, 2024, surpasses 420 trillion coins, according to data published on CoinMarketCap.

As of the same date, CoinCarp noted that PEPE was held by 171,107 individual wallets. The top 10 PEPE owners held over 45% of the total token supply, and the top 100 held over 73%, 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 holders stands at around 171,956 individual wallets.

# Address name Quantity  %
1 0xf977814e90da44bfa03b6295a0616a897441acec
Binance8 		 86,937,371,231,577 20.67
2 0x6cc5f688a315f3dc28a7781717a9a798a59fda7b
OKX		 23,359,359,502,097 5.55
3 0x5a52e96bacdabb82fd05763e25335261b270efcb
Binance28		 19,793,289,492,570 4.7
4 0xf89d7b9c864f589bbf53a82105107622b35eaa40
Bybit: Hot Wallet		 15,497,168,347,419 3.68
5 0x16b2b042f15564bb8585259f535907f375bdc415
Kraken33		 9,592,676,526,587 2.28
6 0xf3b0073e3a7f747c7a38b36b805247b222c302a3
Crypto.com6		 9,090,087,727,861 2.16
7 0x28c6c06298d514db089934071355e5743bf21d60
Binance14		 8,767,537,942,522 2.08
8 0x835678a611b28684005a5e2233695fb6cbbb0007 7,242,850,000,000 1.72
9 0x000000000000000000000000000000000000dead 6,917,069,267,049 1.64
10 0xd6216fc19db775df9774a6e33526131da7d19a2c
KyCoin6		 5,635,658,884,120 1.34

 

According to the data provided above, the top 10 PEPE owners hold trillions of tokens, meaning that the whales conducting most major token movements earlier today are much lower on the list. The wallet holding 400 billion PEPE tokens is the 83rd biggest PEPE billionaire, according to CoinCarp.

Lian noted that whales may have different investment strategies, especially when it comes to PEPE, because the top 10 holders own a big amount of the total supply. This makes it harder for investors to predict their actions, which may not “necessarily be coordinated”.

Musk’s 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.

Lian 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.”

A recent tweet reply by Elon Musk, stating that the entrepreneur will soon start posting memes again could have further triggered the positive movement amid top holders of PEPE.

 

Although Musk has never spoken about owning PEPE directly, his online activity has previously proven to have influenced the token’s price. On May 13, 2023, the entrepreneur posted a tweet featuring the token’s mascot, Pepe the Frog, which led the token to surge by nearly 50% in just 24 hours.

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.

 

Source: https://www.techopedia.com/who-owns-the-most-pepe

Anndy Lian is an early blockchain adopter and experienced serial entrepreneur who is known for his work in the government sector. He is a best selling book author- “NFT: From Zero to Hero” and “Blockchain Revolution 2030”.

Currently, he is appointed as the Chief Digital Advisor at Mongolia Productivity Organization, championing national digitization. Prior to his current appointments, he was the Chairman of BigONE Exchange, a global top 30 ranked crypto spot exchange and was also the Advisory Board Member for Hyundai DAC, the blockchain arm of South Korea’s largest car manufacturer Hyundai Motor Group. Lian played a pivotal role as the Blockchain Advisor for Asian Productivity Organisation (APO), an intergovernmental organization committed to improving productivity in the Asia-Pacific region.

An avid supporter of incubating start-ups, Anndy has also been a private investor for the past eight years. With a growth investment mindset, Anndy strategically demonstrates this in the companies he chooses to be involved with. He believes that what he is doing through blockchain technology currently will revolutionise and redefine traditional businesses. He also believes that the blockchain industry has to be “redecentralised”.

www.anndy.com
j j j

O que explica o sucesso das meme coins: humor, FOMO e comunidade

O que explica o sucesso das meme coins: humor, FOMO e comunidade

A ascensão das moedas meme tem sido uma reviravolta surpreendente para muitos investidores em criptomoedas de longo prazo. Mas o que as torna tão populares?

Conversamos com especialistas em psicologia e criptografia para descobrir os prós e contras do motivo pelo qual as pessoas compram tokens com senso de humor.

Dogecoin – Como tudo começou

De fotos engraçadas de cachorros a celebridades e desenhos animados, os memes se tornaram parte integrante da cultura da internet. E, assim como qualquer outro produto da internet, as criptomoedas também estavam propensas a sucumbir às tendências.

Muitos investidores cripto de longo prazo esperavam que essas tendências desaparecessem com os memes nos quais as moedas foram inspiradas. No entanto, uma década após a criação da primeira moeda meme verdadeira – Dogecoin (DOGE), essa categoria de criptomoedas continua a florescer.

A ascensão das moedas meme

A razão número um pela qual as moedas meme ganharam popularidade é devido ao seu traço humorístico relacionado a um determinado meme da internet. A primeira moeda meme, DOGE, foi criada em 2013 como uma paródia do fenômeno da criptomoeda. E, ironicamente, decolou.

Desde então, elas têm surgido a torto e a direito, sendo que algumas das maiores são DOGE, Pepe (PEPE), uma moeda inspirada no meme Pepe the Frog, e Shiba Inu (SHIB), outra moeda meme inspirada no popular meme do cachorro Shiba Inu.

As moedas de meme são projetadas para se tornarem virais e, muitas vezes, são fortemente promovidas em plataformas de mídia social. Cria-se, então, um hype em torno de um novo projeto. O autor de NFT: From Zero to Hero, Anndy Lian, explicou que as moedas meme geralmente ganham impulso quando os membros da comunidade compram o mais novo token criado “para participar da piada”.

“Uma vez que se torna popular e aumenta de valor, os investidores de varejo às vezes entram a bordo e aumentam ainda mais a moeda. Além disso, as moedas meme são orientadas principalmente pela comunidade e podem ganhar popularidade da noite para o dia devido ao endosso da comunidade on-line e ao FOMO [medo de ficar de fora].”

Os psicólogos concordam, dizendo que um dos maiores motivos pelos quais as pessoas tendem a investir em moedas meme parece ser o FOMO.

“As meme coins frequentemente criam um senso de urgência e empolgação, causando apreensão quanto à perda de possíveis lucros. As pessoas podem ser compelidas a investir porque têm medo de ficar de fora”, disse o Dr. Ketan Parmar, psiquiatra e especialista em saúde mental, ao website Technopedia.

Marissa Moore, conselheira e terapeuta licenciada, acrescentou que a popularidade das moedas meme também pode estar ligada à prova social. Ou seja, as pessoas são influenciadas pelas ações de outras, sua associação com um senso de diversão ou entusiasmo, bem como o senso de comunidade que promove um ambiente de apoio para muitos investidores.

Embora a psicologia por trás das criptomoedas de memes seja fascinante, os investidores devem se lembrar de que esses ativos são altamente voláteis. E nunca investir dinheiro que não possam perder. Entre os novos projetos recém-listados, destacamos Thug Life, que tem todos os atributos para tornar-se um dos grandes destaques de meme coin de 2023.

Thug Life: Projeto promissor com suposto apoio de Snoop Dogg

Após uma pré-venda meteórica e extremamente bem-sucedida, Thug Life está sendo negociado na Uniswap. US$ 2.058 milhões foram arrecadados em poucos dias.

O objetivo do Thug Life é criar um movimento impulsionado pelo humor e pela solidariedade, ajudando os investidores a recuperar suas perdas passadas. Há boatos de que Snoop Dogg pode estar envolvido no projeto, o que poderia aumentar ainda mais seu valor.

Dentre os principais atrativos do $THUG, destacam-se a autodenominação como a “moeda meme dos ballers” e o apelo a “tornar-se gangsta neste mercado e elevar seu jogo de dinheiro”.

O Thug Life Token já está construindo uma forte comunidade orgânica nas redes sociais, essencial para o sucesso de qualquer moeda meme.  Finalmente, $THUG é apoiado pela mesma equipe de marketing que impulsionou o token meme SpongeBob em abril, com ganhos de quase 100x.

 

Source: https://br.beincrypto.com/o-que-explica-o-sucesso-das-meme-coins-humor-fomo-e-comunidade/

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Anndy Lian is an early blockchain adopter and experienced serial entrepreneur who is known for his work in the government sector. He is a best selling book author- “NFT: From Zero to Hero” and “Blockchain Revolution 2030”.

Currently, he is appointed as the Chief Digital Advisor at Mongolia Productivity Organization, championing national digitization. Prior to his current appointments, he was the Chairman of BigONE Exchange, a global top 30 ranked crypto spot exchange and was also the Advisory Board Member for Hyundai DAC, the blockchain arm of South Korea’s largest car manufacturer Hyundai Motor Group. Lian played a pivotal role as the Blockchain Advisor for Asian Productivity Organisation (APO), an intergovernmental organization committed to improving productivity in the Asia-Pacific region.

An avid supporter of incubating start-ups, Anndy has also been a private investor for the past eight years. With a growth investment mindset, Anndy strategically demonstrates this in the companies he chooses to be involved with. He believes that what he is doing through blockchain technology currently will revolutionise and redefine traditional businesses. He also believes that the blockchain industry has to be “redecentralised”.

www.anndy.com
j j j

Psychology of Meme Coins Explained: Humor, FOMO, and More

Psychology of Meme Coins Explained: Humor, FOMO, and More

From funny photos of dogs to celebrities and cartoons, memes have become an integral part of internet culture. And just like anything else which predominantly lives on the internet, cryptocurrencies were also prone to succumb to the trends.

The rise of meme coins has been a surprising twist for many long-term crypto investors, with many expecting the trend to die down along with the memes that the coins were inspired by. However, a decade after the first-ever true meme coin – dogecoin (DOGE) – was created, this category of cryptocurrencies continues to flourish.

This article dives into the psychology behind investing in meme coins and why people love them so much.

The Rise of Meme Coins

The number one reason as to why meme coins have gained popularity is due to their humorous streak related to a certain internet meme. The first-ever meme coin, dogecoin (DOGE), was created in 2013 as a parody of the cryptocurrency phenomenon and ironically took off.

 

Since then, they have been popping up left and right with some of the biggest being DOGE, pepe (PEPE), a coin inspired by the Pepe the Frog meme and shiba inu (SHIB) another meme coin inspired by the popular Shiba Inu dog meme.

Meme coins are designed to go viral and are often heavily promoted on social media platforms, creating hype around a new project. Author of NFT: From Zero to Hero, Anndy Lian, explained that meme coins often gain momentum when members of the community buy into the newest token created “in order to be in on the joke”.

“Once it gets popular and spikes in value, retail investors sometimes jump on board and further boost the coin. Additionally, meme coins are mainly community-driven and can gain popularity overnight due to online community endorsements and FOMO [fear of missing out].”

Psychologists agree, saying that one of the biggest reasons as to why people tend to invest in meme coins seems to be FOMO.

“Memecoins frequently create a sense of urgency and excitement, causing apprehension about missing out on possible profits. People may be compelled to invest because they are afraid of being left out,” Dr Ketan Parmar a psychiatrist and mental health expert told Technopedia.

Licensed counsellor and therapist Marissa Moore added that the popularity of meme coins can also be linked to social proof, or people being influenced by the actions of others, their association with a sense of fun or excitement as well as the sense of community which fosters a supportive environment for many investors.

Meme Coins and Internet Culture

David Kemmerer, the CEO and co-founder of CoinLedger said that one of the key driving points in the success or failure of a meme coin is internet culture. He added that because memes are community-driven and are heavily dependent on market sentiment they continue to drive the hype surrounding meme tokens as well.

Lian added that online platforms in the likes of Discord, Reddit, Twitter, and TikTok serve as catalysts for their viral marketing campaigns and allow meme coins to connect with a diverse range of users. In addition, humor and meme culture, two great catalysts in the success of the said cryptocurrencies, can also have a number of effects on investor behavior.

Dr Parmar noted that humor can foster innovation and novelty in the crypto space, while also reducing risk and seriousness of investing in an asset as volatile and speculative as meme cryptocurrencies.

Moore added that viral marketing and emotional connection associated with meme cryptocurrencies can also influence investor behavior.

Emotional Investing and Meme Coins

Although, with assets that are as dependent on emotions as meme cryptocurrencies, emotional investing could be a key influence in meme cryptocurrency culture.

Emotional investing is the process of making financial decisions based on one’s emotions rather than rational analysis. Dr Parmar explained that emotional investing could include heightened risk-taking, it could affect decision-making as well as amplify or dampen an investor’s confidence and motivation.

Moore noted:

“Emotions can cloud judgment and lead to impulsive decisions, such as buying or selling meme coins without considering the underlying fundamentals or risks. [It] can lead to significant gains but also exposes investors to greater losses when sentiment shifts.”

Bandwagon and Herd Mentality

Investors who tend to invest in more “traditional” cryptocurrencies, like bitcoin (BTC) are doing so to make a profit, however, when a person chooses to invest in a meme token, they could be mostly motivated by jumping on to the “bandwagon” and hype surrounding a certain asset.  This makes meme coin investors higher risk-takers, while traditional crypto investors are a little more risk-averse, Kemmerer explained.

“People may invest in meme coins because they see others doing so, or because they want to fit in or avoid being left behind… Such cognitive biases can affect how people perceive and evaluate meme coins and influence their investment behavior,” Dr Parmar said.

Moore added that when investors see others profiting from meme cryptocurrencies, they may feel compelled to join “the herd, leading to increased demand and potentially inflating prices.”

The Bottom Line

Kemmerer explained that most meme coin investors tend to be very cautious when it comes to investing in the cryptocurrencies. This is due to the tokens being more of an entertainment and depending on the narrative and the community standing behind them.

Lian added:

“Meme coins are heavily community-driven tokens. Since they do not have any fundamental economic or business use case, their prices are usually influenced by social media and online sentiment. This often brings a lot of hype, but also FOMO and financial risk. Memes are a language in themselves, with a capacity to transcend cultures and construct collective identities between people. These sharable visual jokes can also be powerful tools for self-expression, connection, social influence and even political subversion. Due to the hype around meme culture, many investors are turning to digital assets in hopes of striking it rich.”

While the psychology behind why so many people chose to invest in meme cryptocurrencies is fascinating, investors should remember that these assets are highly volatile and never invest money, they can not afford to lose.

 

Source: https://www.techopedia.com/the-psychology-of-meme-coins-why-people-love-tokens-with-a-sense-of-humour

Anndy Lian is an early blockchain adopter and experienced serial entrepreneur who is known for his work in the government sector. He is a best selling book author- “NFT: From Zero to Hero” and “Blockchain Revolution 2030”.

Currently, he is appointed as the Chief Digital Advisor at Mongolia Productivity Organization, championing national digitization. Prior to his current appointments, he was the Chairman of BigONE Exchange, a global top 30 ranked crypto spot exchange and was also the Advisory Board Member for Hyundai DAC, the blockchain arm of South Korea’s largest car manufacturer Hyundai Motor Group. Lian played a pivotal role as the Blockchain Advisor for Asian Productivity Organisation (APO), an intergovernmental organization committed to improving productivity in the Asia-Pacific region.

An avid supporter of incubating start-ups, Anndy has also been a private investor for the past eight years. With a growth investment mindset, Anndy strategically demonstrates this in the companies he chooses to be involved with. He believes that what he is doing through blockchain technology currently will revolutionise and redefine traditional businesses. He also believes that the blockchain industry has to be “redecentralised”.

www.anndy.com
j j j