PEPE Down 78% From May Peaks But Holder Count Rising

While PEPE is down 78% from its May 2023 peaks, token holders continue to rise. As of June 19, there are now 119,229 unique addresses holding the token, an increase from early June, Etherscan data shows.   The meme token is based on Pepe the Frog meme, created by Matt Furie in 2005.  Falling Prices, Rising Token Holder Count The token gained substantial recognition as a meme coin and enjoyed exponential price growth a month after launching in late April 2023.  With surging prices and the meme coin culture providing tailwinds, the token soon rose higher in the market cap ranking,