The enthusiasm and demand for the meme coin PEPE persist despite the fluctuations in the cryptocurrency market. In a post from July 13, Whale Insider noted that the number of PEPE holders has surpassed 463,000.
CoinMarketCap and CoinLore confirmed the figure at 464,050. According to them, the top 100 wallets on the Pepe Coin Rich List represent 72.2% of the total supply. It is noteworthy that, out of the 420.68 trillion, 300 trillion are in their possession, and the remaining 463,000 represent 27.8% of the supply.
Even among the top 100, wallet 1-10 holds 37.74% (158,770,221,854,964), followed by wallet 11-100, with 34.34% (144,932,829,870,050). Wallets 101-100 represent 17.22% and the remaining 10.59% of the total supply.
However, such large holdings in these significant cryptocurrency wallets creates a risk of centralization. Since they control a massive supply of PEPE, their buying or selling decisions can influence its price. Additionally, they can change the perception of other holders and create a sustainability risk.
It is noteworthy that a burned wallet also ranks among the top holders of PEPE, occupying the ninth position with 6.9 trillion digital assets, used to create scarcity.