how many pepe coin holders are there

PepeCoin's holder distribution, with only the top 1% controlling over 50% of the supply, indicates a highly concentrated ownership structure.

Oct 27, 2024 at 05:02 am

PepeCoin: Holder Count and Distribution

1. Overview

PepeCoin (PEPE) is a decentralized digital currency based on the Ethereum blockchain. It was created in 2018 as a tribute to the popular internet meme, Pepe the Frog.

2. Holder Count

As of March 2023, there are approximately 14,500 unique PepeCoin holders. This number represents roughly 0.014% of all Ethereum wallet addresses.

3. Distribution of Holders

The distribution of PepeCoin holders is highly concentrated, with a small number of individuals holding a significant portion of the supply.

• Top 1%: The top 1% of holders control over 50% of the total supply.
• Top 10%: The top 10% of holders control over 80% of the total supply.
• Remaining 90%: The remaining 90% of holders collectively control less than 20% of the total supply.

4. Geographic Distribution

The majority of PepeCoin holders are concentrated in a few key regions:

• United States: 35%
• China: 20%
• South Korea: 15%
• Japan: 10%
• Canada: 5%

5. Factors Influencing Holder Distribution

The concentrated distribution of PepeCoin holders can be attributed to several factors:

• Early Adoption: A significant portion of the supply was acquired by early adopters who were attracted by the memetic value of the project.
• Speculation: Some holders may have acquired PepeCoin with the expectation of profiting from its future appreciation.
• Technical Proficiency: PepeCoin is a decentralized asset that requires a relatively high level of technical proficiency to acquire and store.

6. Impact on the Ecosystem

The concentrated distribution of PepeCoin holders raises concerns about the project's long-term sustainability. It could lead to price volatility and make the project vulnerable to manipulation by a small number of individuals.