$PEPE
🚀 Smart Money Investors Reduce Exposure to PEPE Coin 🚀
The number of smart money investors holding Pepe Coin has decreased steadily over the past year. According to Nansen, only 17 smart wallets held PEPE on May 7, compared to 32 in November 2024. These wallets now hold 2.79 trillion PEPE tokens, a drop from 4.24 trillion in June 2024.
Smart investors often sell near market tops. Their continued exit may indicate fading confidence in PEPE’s long-term value. Many of these investors have shifted focus toward meme coins on the Solana network, which has seen stronger momentum. This rotation reduces demand for Ethereum-based meme assets like Pepe Coin.
Ethereum’s price decline from over $4,000 in 2024 to around $1,800 in 2025 has also weighed on sentiment. As ETH weakens, investors often move away from related tokens. PEPE, being one of the largest Ethereum meme coins, is directly affected by these broader shifts.