The memecoin market presents contrasting pictures as PEPE and Dogecoin (DOGE) showcase divergent trends in holder sentiment and price performance despite robust overall capital inflows.
PEPE’s holder base surged to a new all-time high of 472,158 addresses, demonstrating sustained community interest. This growth occurred even as PEPE’s price experienced an 18% weekly decline.
In contrast, Dogecoin (DOGE) exhibited greater resilience. Following a 30% drop from its recent peak price of $0.27, DOGE rebounded with a 3.51% gain, trading above $0.20. July performance data showed a clear advantage for DOGE, registering a month-over-month gain of 30% compared to PEPE’s 12.8%.
Significant differences also exist in token distribution. PEPE’s supply exhibits higher concentration, with its top 100 wallets controlling 72.74% of total supply. DOGE’s distribution is comparatively more decentralized, with its top 100 holders controlling 63.79% of the supply.
Broadly, the memecoin market segment continues to attract capital. Its total market capitalization reached $65 billion, with net inflows exceeding $5 billion over just two days. Analysts observe that DOGE currently benefits from stronger fundamental support and significant buying interest from large investors, distinguishing it within the volatile memecoin landscape.