CandleFocus

Pepe (PEPE) gets the most support from large retail holders

Author: Content Editor
The article discusses the reliability of meme tokens based on the presence of larger retail wallets with over $1,000 in assets. Having more holders with significant investments indicates a strong community and potential for long-term holding. The Pepe (PEPE) token is highlighted as having the biggest prevalence of mid-range retail wallets and a relatively long history. However, recent signs show PEPE losing holders due to the presence of small but connected wallets being sold off. There are also indications of wallet clusters, with a notable whale holding a significant portion of the PEPE supply. Wintermute, a meme market maker, has reduced its holdings of PEPE. The article mentions the market capitalization and trading behavior of various meme tokens, including the shift of attention to AI meme tokens. The overall meme market has decreased in market capitalization, with some exceptions of tokens like SPX, GIGA, and AI16Z that have cult status and interest in AI memes.

Related News