PEPE Holder Count Hits Record Amid Price Dip, While Dogecoin Shows Stronger Technical and Fundamental Position

• Memecoins surged nearly 4% in 24 hours, with inflows exceeding $5 billion in two days, boosting market cap to $65 billion.

• DOGE rebounded to $0.20 after a 3.51% gain, recovering from a 30% drop since its $0.27 peak two weeks ago.

• PEPE’s on-chain data shows higher supply concentration among top holders, contrasting with DOGE’s more distributed ownership.

Memecoin market heats up as PEPE holders hit record levels despite price dip; DOGE leads with stronger fundamentals and whale support. Stay informed with COINOTAG.

Memecoin Market Revival: PEPE and DOGE Lead the Charge

Speculative interest in memecoins has reignited, with the sector rising nearly 4% in the past 24 hours. Inflows surpassed $5 billion over two days, pushing the total memecoin market capitalization to $65 billion. This resurgence reflects a renewed risk-on sentiment among traders seeking high-beta assets.

Price Movements and Technical Performance of DOGE and PEPE

Dogecoin (DOGE) led the recent rally, climbing 3.51% to reach the $0.20 level after shedding 30% from its $0.27 local high two weeks prior. Conversely, PEPE posted a modest 1.61% gain from its $0.0000104 base but continues to underperform relative to DOGE on the PEPE/BTC trading pair. The pair bounced off the 0.0000000000852 BTC support zone, signaling some technical resilience despite overall weakness.

Source: TradingView (PEPE/BTC)

What Is Driving Rotation Risk in the Crypto Market?

As Bitcoin (BTC) experiences risk-off capital outflows, traders are reallocating funds into higher-risk memecoins to capture short-term gains. The DOGE/BTC pair increased 1.72% at the start of the week, with six of the top ten daily gainers being meme tokens. This rotation highlights a speculative appetite returning to the market.

However, PEPE has not yet benefited equally from this momentum. Despite bouncing off key support levels, PEPE is absent from the top gainer lists, raising questions about whether this is a delayed move or an early sign of capital rotation away from PEPE.

How Does PEPE’s Adoption Compare to DOGE Amid Price Fluctuations?

Despite an 18% weekly price drop, PEPE’s holder count reached an all-time high of 472,158, signaling sustained community interest. In contrast, DOGE maintains a significantly larger holder base of 8.3 million. On-chain data reveals that PEPE’s top 100 wallets control 72.74% of its total supply, indicating a high concentration of tokens. DOGE’s top 100 holders control 63.79%, suggesting a more distributed ownership.

Source: EtherScan

PEPE’s top 10 holders control 39% of the supply, slightly less concentrated than DOGE’s 44%. This suggests PEPE’s supply is more heavily concentrated within the top 100 wallets but less so among the very largest holders.

Source: CoinCarp

DOGE’s stronger wallet concentration appears to contribute to its superior performance, with a 30% gain in July compared to PEPE’s 12.8% rally. This fundamental strength positions DOGE favorably for potential further gains in August.

How Does Supply Concentration Affect Memecoin Performance?

Supply concentration among top holders can influence price stability and market dynamics. PEPE’s higher concentration in the top 100 wallets suggests potential volatility due to fewer large holders controlling most tokens. DOGE’s more balanced distribution among whales may support steadier price action and broader adoption.

Frequently Asked Questions

What factors contribute to DOGE’s stronger market position compared to PEPE?

DOGE benefits from a larger holder base, stronger whale concentration, and broader adoption, which provide technical and fundamental advantages over PEPE despite recent market volatility.

Why is PEPE’s holder count increasing despite its price decline?

PEPE’s rising holder count indicates sustained community interest and speculative engagement, even as price corrections occur, reflecting a complex dynamic between adoption and market sentiment.

Key Takeaways

• PEPE’s holder count hit a record 472,158 despite an 18% weekly drop. This shows strong community engagement amid price volatility.
• DOGE’s stronger whale concentration and broader adoption position it better technically and fundamentally. This supports its recent price recovery and market resilience.
• Memecoin market cap surged to $65 billion with inflows exceeding $5 billion in two days. Speculative appetite is driving renewed interest in high-beta assets.

Conclusion

Despite PEPE’s recent price decline, its record holder count signals ongoing interest, while DOGE’s superior whale concentration and adoption provide a stronger foundation for sustained gains. As memecoin speculation intensifies, DOGE appears better positioned to capitalize on market momentum in August 2025. Investors should monitor on-chain metrics and market rotations closely to navigate this dynamic landscape.