Noorr

08/04 15:35

PEPE adoption holds steady as price dips PEPE dro

PEPE adoption holds steady as price dips

PEPE dropped 18% this week, making it the worst performer among the top three. And yet, its holder count has hit an all-time high at 472,158.

Sure, it’s still way behind DOGE, which has 8.3 million holders.

However, zooming into on-chain data, notable divergences emerge. 

According to Etherscan metrics, the top 100 PEPE wallets control 72.74% of the total supply, indicating a higher concentration. By comparison, DOGE’s top 100 holders account for 63.79% of its circulating supply.Screenshot-2025-08-04-143349-768x297.png

On the flip side, PEPE’s top 10 holders account for 39% of the total supply, whereas DOGE’s control 44%. In summary, PEPE is more concentrated overall in the top 100, but a bit less stacked at the very top.Screenshot-2025-08-04-153513-768x265.png

And this stronger concentration among DOGE’s largest wallets seems to be paying off. DOGE ended July with a 30% gain, whereas PEPE posted a 12.8% rally. 

In summary, despite the memecoin’s ramping on-chain activity, it’s still trailing DOGE on both technical setups and fundamentals. That puts DOGE in a stronger position to close August higher.

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