July 2025 – The resurgence of interest in meme-based cryptocurrencies has brought #pepe (PEPE) back into the spotlight. As one of the top three meme coins of the year, $PEPE continues to attract new investors — but recent data raises critical questions about token distribution and market dynamics.
📈 Rising Popularity and Expanding Holder Base
According to the latest data from CoinMarketCap and CoinLore, PEPE has reached a milestone of over 464,000 holders as of June 2025. This represents a sharp month-over-month increase, with thousands of new wallets acquiring the token amidst renewed hype.
However, while the number of holders is rising, a deeper analysis reveals that PEPE’s supply is heavily concentrated among a small group of wallets.
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🧮 PEPE Wealth Concentration: By the Numbers
An updated distribution report shows that just 100 wallets control 72.2% of PEPE’s total circulating supply. The breakdown is as follows:
Top 1–10 wallets: 158.77 trillion PEPE (37.74%)
Wallets ranked 11–100: 144.93 trillion PEPE (34.34%)
Remaining 463,000+ wallets: 116.3 trillion PEPE (27.8%)
This high level of concentration raises concerns about decentralization and potential market manipulation. In the event that one or more of these major holders sell significant portions of their holdings, the market could experience sharp volatility and rapid price corrections.
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🐋 Spotlight on the Largest PEPE Holders
At the top of the PEPE Rich List is wallet 0xf9, which alone controls 50 trillion PEPE, equivalent to 11.89% of the total supply. The second and third largest holders are:
Wallet 0x5a: 27.6 trillion PEPE (6.60%)
Wallet 0x73: 16.3 trillion PEPE
Notably, a burn wallet ranks 9th among the top holders, with 6.9 trillion tokens permanently locked — a mechanism aimed at reducing supply and enhancing scarcity.
Source: CoinLore, Top PEPE Wallets (June 2025)
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⚠️ Centralization Risks and Market Implications
The centralized nature of PEPE’s supply presents clear risks to market stability. With a small group of wallets controlling the majority of tokens, there is a heightened risk of:
Price manipulation by coordinated sales or purchases
Sudden sell-offs by whales that could trigger rapid price declines
Investor confidence erosion due to perceived lack of decentralization
Despite these concerns, the token continues to show strong community interest and adoption, suggesting that many investors remain optimistic about PEPE’s long-term potential.
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📝 Conclusion
While PEPE’s growing user base is a testament to its cultural appeal and market momentum, its current distribution model underscores the importance of transparency and decentralization in the crypto ecosystem. As with any investment, especially in volatile assets like meme coins, participants should conduct thorough research and remain aware of concentration risks.
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