#pepe #pepe PEPE holders were exceptionally active on March 5, 2024, according to data provided by Lookonchain.

Anndy Lian, the author of NFT: From Zero to Hero, speculated that PEPE’s recent price jump might have been driven by a combination of factors, including a surge in demand and popularity of meme coins and the viral marketing and social media campaigns put out by the PEPE team and community.

Lookonchain found that five wallets, that are assumed to be the same person, sold 970 billion PEPE tokens, making around $5.66 million in profit since purchasing the tokens on January 15, 2024, for $1.18 million at the time.

According to the provided data, which was collected through Etherscan, these are the five wallet addresses:

0x570cFE86ec71Cdae2D104a5A8F316d20de3C26F1

0xFB37D526991EBeb92EE0C9B6D7EbD4a5C9c24f02

0xd0dcf500901D9296a1F3489955857B0367103AF1

0x43d9325467e3EdA336C7fa34cbA0991E9A38fAAF

0x5c77655D1C768d6f6386Bc4CD85aeCB9F8f714b2

Additionally, another PEPE holder with the following wallet address 0x522e48ce64d357743935d932f4854b31e0928472 deposited 200 billion tokens (amounting to $1.48 million) to Binance for profit, according to data on Etherscan, holding onto an additional 400 billion ($2.91 million) tokens.

But are these the biggest PEPE holders?

The total number of PEPE tokens in circulation as of March 5, 2024, surpasses 420 trillion coins, according to data published on CoinMarketCap.

As of the same date, CoinCarp noted that PEPE was held by 171,107 individual wallets. The top 10 PEPE owners held over 45% of the total token supply, and the top 100 held over 73%, showing that these whales could yield significant influence over where the price of the cryptocurrency could be headed.

Ethercan provided similar data but noted that the total number of PEPE holders stands at around 171,956 individual wallets.