- PEPE lost 73% in market cap since peaking nine months ago
- Top 100 wallets added 23.02T PEPE during the last four months
- Accumulation began during October crash while retail stayed bearish
Pepe (PEPE) has seen its market cap fall by over 70% in the past nine months. Yet, data from Santiment shows a sharp accumulation trend among top holders, suggesting that large wallets may be preparing for a possible market reversal.
PEPE Drops 73% While Large Wallets Accumulate Billions
Pepe (PEPE) has experienced a sharp drop of approximately 73% in market cap since reaching its peak nearly nine months ago. Santiment data confirms that, despite this decline, accumulation has steadily increased among the largest wallets. The trend began during the market-wide pullback in October 2025.
Santiment reports that the top 100 wallets have acquired a total of 23.02 trillion PEPE tokens over the past four months. This rise in holdings is tracked through wallet distribution metrics, often associated with large investors or “smart money.” Their consistent buying stands in contrast to broader retail selling activity.
Analysts Watch Bitcoin for Clues to Future PEPE Movement
Retail sentiment toward PEPE and meme coins in general remains weak, according to the latest commentary from Santiment. Despite this, analysts point to historical behaviour where strong accumulation by top wallets has preceded sharp reversals. These patterns are especially relevant in the altcoin space.
Santiment’s post suggests that future upside in PEPE may depend on Bitcoin’s next move. “Coins with heavy accumulation will inevitably have another breakout once Bitcoin can see some sustained bullish momentum,” the platform stated. For now, PEPE remains under pressure, yet large holders continue to increase their exposure.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. CoinCryptoNewz is not responsible for any losses incurred. Readers should do their own research before making financial decisions.
