6 Of The Top 10 PEPE Holding Addresses Are Exchange Wallet Addresses
PEPE’s market valuation surpassed $1 billion after its launch in Binance’s Innovation Zone and saw trading volume skyrocket. However, the majority of coins held by the top 10 wallet addresses come mainly from whales on exchanges. Etherscan data shows that among the top 10 holding addresses of memecoin PEPE, 6 are hot wallet addresses of cryptocurrency exchanges. Among them, Binance, OKX, Huobi, MEXC, KuCoin, and Gate ranked 1st, 3rd, 4th, 5th, 8th, and 9th, respectively, and the memecoin.
Pepecoin is a new coin meme created on the Ethereum network, inspired by the famous internet green frog meme of the same name. The memecoin also specifically states on its website that PEPE is a memecoin with no intrinsic value or expectation of financial return. There is no official team or roadmap. The coin is completely useless and is for entertainment purposes only. Yet after just four days, Pepecoin has increased more than 500 times, with over 25,000 transactions taking place for this unit. This memecoin was also highlighted as a top Twitter search term. From there, we can plainly understand the market’s FOMO with not just PEPE but also memecoin.
Source
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