PEPE Whales Swimming In Millions: Top 15 Holders Make Mind-Blowing Profits

Zinger Key Points
  • PEPE whales are enjoying a cumulative $92.6M in profits.
  • Dog-themed meme coins face a new challenger.

The top 15 holders of the meme cryptocurrency PepeCoin PEPE/USD, excluding exchanges and contract addresses, hold a significant share of the total supply.

Together, they possess 38.07 trillion PEPE tokens, which account for 9.05% of the entire circulating supply, analysis by on-chain sleuth @lookonchain revealed.

These PEPE whales have experienced profits from their investments in cryptocurrency, with their total profits amounting to an impressive $92.6 million.

The on-chain detective further revealed the average buying cost for these top holders was $0.0000000853 per PEPE token.

Inspired by the "Pepe the Frog" meme, PEPE is currently trading at $0.00000185, down more than 33%, compared to the day before.

PEPE, an ERC-20 token with a total supply of 420.69 trillion tokens, has entered the realm of meme coins, which are tokens inspired by internet memes and pop culture references.

Also Read: Binance's Congestion Cataclysm: Bitcoin, Ether, PEPE, And SUI Caught In The Crossfire

Throughout the years, numerous Pepe the Frog NFTs and tokens have been introduced, but the recent PEPE token has been especially adept at capturing the market's interest.

The PepeCoin's official Twitter account proclaims it as the "ultimate memeable memecoin," cheekily suggesting that the era of dog-themed meme coins such as Dogecoin DOGE/USD and Shiba Inu SHIB/USD has come to an end.

Data from Lookonchain further revealed that among the top PEPE token holders, a majority of profits have not been realized yet.

Nevertheless, three of these whales have managed to sell PEPE tokens, garnering proceeds between $1 million and $4 million.

In contrast, six whales have not sold any PEPE tokens and continue to hold their investments.

Read Next: Turbo Token: How ChatGPT Created An Explosive Meme Coin

Photo: Shutterstock


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Posted In: CryptocurrencyNewsMarketsCrypto whalesdog-themed meme coinsERC-20 tokeninvestment profitsLookonchainMeme CoinOn-chain analysisPepe The Frogtoken supplytoken trading
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