New Meme Coin Pepeto Announces Approaching 50K Holders as Its Ethereum Crypto Presale Raised $10.92 Million

Pepeto, a new meme coin project, said it is nearing 50,000 holders while its Ethereum-based crypto presale has raised $10.92 million, according to a report originally published by StreetInsider.

The announcement combines two milestones commonly highlighted by early-stage token projects: the size of a project’s holder base and the amount collected during a presale. Pepeto characterized both figures as signs of growing participation in its token offering.

Meme coins are crypto assets generally associated with internet culture and community-driven promotion. An Ethereum crypto presale typically involves offering tokens before broader market availability, with participation and fundraising figures often reported by the project or its promoters.

The reported holder and fundraising totals are part of Pepeto’s announcement. As with other early-stage crypto projects, presale activity and holder counts can change over time and do not by themselves establish future token performance.