Pepe Token Plunges 11.7% Amid Whale Wallet Dominance

The Pepe token experienced a sharp decline of 11.7% in one day, with its price falling to $0.00000441. This drop occurred despite being largely driven by a small group of whales, who collectively own about 90% of the market value.

According to data from Etherscan, as of September 24, 2026, there are 665 whale wallets holding over $100,000 worth of PEPE. These whales account for approximately 26.13% of the total market capitalization. In comparison, the top 5 holders own around 35.65%, and the top 100 holders control a staggering 76.86%.

Experts warn that this high concentration of wealth among a few large wallets can either support or destabilize the price. Traders are advised to be cautious when making predictions about PEPE's future performance, as the market is highly volatile and subject to sudden changes in sentiment.