
The number of holders for memecoins PEPE and Shiba Inu (SHIB) has been steadily increasing, with PEPE adding over 1,500 wallets in two weeks and SHIB holders rising slightly. Whales hold a large majority of the supply for both coins, indicating concentrated ownership. Both memecoins have broken descending resistance levels and are trading near breakout zones, suggesting potential price retests that could lead to rebounds if successful. The broader memecoin market shows increased trading volume and active addresses, though market caps remain significantly below fully diluted values. This steady holder growth and price action hint at possible recovery in the memecoin sector.