How many wallets hold the $PEPE memecoin...? According to data from @etherscan, there are an impressive 571,613 wallet addresses that hold the $PEPE memecoin on @Ethereum. This is certainly toward the higher end of major memecoins, but the second largest memecoin on $ETH is

What happened

Data from Etherscan shows 571,613 distinct wallet addresses hold the PEPE memecoin on the Ethereum blockchain, placing it among the most widely held memecoins on that network.

Confirmed

Global impact / market context

Having many owners means the token can be bought or sold more easily, so its price can move quickly when sentiment changes, which attracts traders looking for fast‑moving crypto assets.

Analyst inference

Ethereum hosts several meme tokens, and PEPE’s high wallet count puts it near the top of that niche, meaning its market depth may rival other popular tokens, influencing overall meme‑coin trading dynamics on the chain.

Analyst inference

What to watch

1. Monitor how many wallets hold PEPE; a quick rise may show more people buying, while a drop could mean owners are selling or combining holdings. Proposed
2. Watch how much PEPE is traded each day (trading volume) and how its price changes; higher trading and big price moves often draw more speculative buyers. Proposed
3. Observe the second‑largest Ethereum meme token’s activity; changes there may indicate overall mood for meme coins, which could affect PEPE’s price and availability. Proposed

Affected assets

• ETH — Ethereum

Evidence

• x.com