In the world of cryptocurrency, memecoins have been making waves recently. Two of the most popular ones are the PEPE and SHIB tokens. In the past 24 hours, the PEPE token price has gone up by over 100%, reaching an all-time high of $0.000000813847, with a market cap of $303,558,543 and a 24-hour trading volume of $150,373,387.
According to Nansen, there are now 54,000+ PEPE holders in just two weeks.
54,000+ $PEPE holders in just 2 weeks? 🤯
Impressive, but let’s not forget the 1.3 million $SHIB holders out there!
And did you know that over 3,350 wallets hold both memecoins?
Let’s dive into the top holders of these two 👇 pic.twitter.com/VmJPdJZQEY
— Nansen 🧠(@nansen_ai) April 30, 2023
While this news is impressive, it’s important to remember that there are already 1.3 million SHIB holders out there. Furthermore, there are over 3,350 wallets that hold both memecoins. Let’s dive into the top holders of these two tokens to get a better understanding of the market.
Wintermute 0x2800 is currently the top holder of PEPE, having received 46.5 billion PEPE on 4/20 with a current balance of 81.6 billion. This holder has a realized PnL (DEX trades) between -$87,000 (on 4/21) to $170,000 (today). Wintermute’s last transaction was swapping 5,200,712,114 PEPE for 1.67 WETH.
A whale bought 1.23T $PEPE with 250 $ETH ($476K), the average buying price is $0.000000366.
This whale also traded $SHB before but lost about 25 $ETH ($79K at that time).https://t.co/IFBqFRNqm1 pic.twitter.com/ibV5CaFqol
— Lookonchain (@lookonchain) April 30, 2023
Meanwhile, a whale recently bought 1.23 trillion PEPE with 250 ETH ($476K) at an average buying price of $0.000000366. This same whale has also traded SHIB in the past but lost about 25 ETH ($79K at that time).
The rise of memecoins has certainly caught the attention of many traders and investors in the cryptocurrency market. While it remains to be seen how long the trend will continue, it’s clear that PEPE and SHIB have already gained a significant following. The increasing number of holders and the rising price of these tokens is proof of their popularity. However, as with all cryptocurrency investments, it’s important to exercise caution and do your own research before investing.
Read more:
- PEPE Token Surges To ATH, Leading The Meme Coins’ Market Gains
- From Pepe Hype To BabyDoge: How Meme Keywords Predict Cryptocurrency Market Trends