96% of PEPE holders in profit after month long rally

As a crypto investor with some experience under my belt, I’m thrilled to see PEPE leading the pack among meme coins in terms of profitability. With an impressive 90% return this month, over 96% of PEPE holders are now in profit. This is truly a remarkable feat and positions PEPE as the most profitable meme coin at the moment.

Due to a strong price surge in the last month, Pepe (PEPE) has emerged as the most lucrative meme coin among its top competitors.

Based on IntoTheBlock’s data, I found that over 96% of PEPE investors are currently experiencing profits due to the asset’s impressive 91% price surge over the past month. The meme coin reached its all-time high (ATH) of $0.00001718 on May 27, as the market continued to thrive in the bullish zone.

Due to an exceptional 90% gain in value during this month, more than 96% of $PEPE investors currently enjoy a profit on their investment. Consequently, $PEPE stands out as the most lucrative option among prominent memecoins at present.— IntoTheBlock (@intotheblock) May 30, 2024

At present, IntoTheBlock’s data is being released, and PEPE experienced a 12% drop over the past 24 hours. The coin is priced at $0.00001333. PEPE’s market capitalization amounts to $5.6 billion, positioning it as the 21st largest digital currency in terms of market value.

96% of PEPE holders in profit after month long rally

As a crypto investor, I can tell you that FLOKI remains an impressive performer among meme coins, boasting approximately 89% of its investors who have seen profitable returns according to IntoTheBlock’s latest data.

PEPE has experienced a decline of 21.5% from its all-time high (ATH), which is less severe compared to Dogecoin (DOGE) and Shiba Inu (SHIB). Dogecoin and Shiba Inu have each dropped by 78.5% and 70.5% respectively from their respective ATHs.

Based on Santiment’s data, there has been a consistent decrease in the number of PEPE tokens entering and leaving exchanges over the last three days. Approximately 4.31 trillion PEPE tokens have flowed into exchanges during this period, while around 4 trillion tokens have been taken out. This results in a net inflow of approximately 310 billion PEPE tokens into the exchanges.

Some investors may be exhibiting anxious or uncertain behavior as they navigate through the widespread bearish trend in the markets.

Additionally, according to Santiment’s data, the PEPE Relative Strength Index (RSI) has dropped from 77 to 67 within the past three days. This downward trend implies that the meme coin is still overbought and making its way toward its consolidation area.

An RSI of lower than 50 would mean that Pepe could potentially face a steady price hike.

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2024-05-30 14:02