Pepeto, an Ethereum-based meme coin project, says it is closing in on 50,000 holders as its crypto presale moves beyond $10.4 million. The update was shared in a company announcement and presents the latest fundraising and community-growth milestone for the token.

The project is putting particular emphasis on its holder count, framing that figure as a stronger sign of traction than marketing claims alone. Based on the announcement, Pepeto is using the combination of presale proceeds and a growing community to signal rising interest from early participants.

In the meme coin segment, momentum is often tied closely to visibility, community engagement and early buying activity. A larger holder base can help a project stand out in a crowded market, especially when tied to the Ethereum ecosystem, where many speculative and community-driven tokens launch.

While the latest figures come from the project itself, the announcement highlights how Pepeto is trying to build credibility through scale during its presale phase. With the funding total now above $10.4 million and the holder count nearing 50,000, the token is positioning itself as a closely watched entrant in the meme coin space.