As a researcher with a background in cryptocurrency and meme coins, I find the recent success of Pepe (PEPE) truly fascinating. According to data from IntoTheBlock, over 96% of its holders are currently in profit, making it the most profitable meme coin among the major players in the market. This is an impressive achievement, especially considering that PEPE began the year with a relatively small market cap and has since grown exponentially.
The strong surge in value of the meme coin Pepe (PEPE), with a frog theme, has left most of its owners in a profitable position.
As a crypto investor, I’ve come across some intriguing data from IntoTheBlock’s latest tweet. Apparently, over 96% of PEPE token holders find themselves in a situation where their investment is break-even – they’re neither making a profit nor incurring a loss.
As a successful crypto investor, I’m thrilled to share that $PEPE has delivered an astonishing 90% return this month. This means that an impressive 96% of its holders are now in profit. Such remarkable results place $PEPE at the top among major memecoins in terms of profitability.
— IntoTheBlock (@intotheblock) May 30, 2024
Majority of PEPE Holders in Profit
Over the past month, PEPE has set numerous new record highs. This meme cryptocurrency has experienced significant growth and has mostly avoided incurring substantial losses during the last week.
As an analyst examining data from CoinMarketCap, I’ve noticed some intriguing trends regarding PEPE‘s performance. Over the past month, this asset has experienced a significant surge, increasing by 116%. Moreover, within the past week, PEPE has added another 7.7% to its value. However, over the last 24 hours, its trajectory has taken a different turn. PEPE has experienced a decline of more than 3%, and at the time of my analysis, it was being traded at $0.00001455.
Despite a minor decrease in Pepe’s worth, According to IntoTheBlock, this cryptocurrency stands out as the most lucrative among notable meme coins at present. Nearly all of its investors currently enjoy a profit.
Pepe’s Roaring Success
PEPE commenced the year with a market value around $500 million. Now, it boasts a market cap of an impressive $6.11 billion. Just two weeks ago, its market cap reached a peak of $5 billion and hit an all-time high price of $0.00001096. Notably, every PEPE holder experienced profits at some point, but the unpredictable nature of the crypto market has resulted in varying numbers of investors breaking even.
Three days ago, PEPE reached a new record high of $0.00001717, pushing its market capitalization to an impressive $7 billion. This sudden surge propelled PEPE to rank as the 21st largest cryptocurrency by market cap, outpacing notable altcoins such as Polygon and Litecoin. Furthermore, PEPE’s significant trading volume of $1.8 billion during that period overshadowed its competitors Dogecoin (DOGE) and Shiba Inu (SHIB), whose market caps were around $1 billion at the time.
Over the past few months, Pepe’s remarkable surge has propelled it up the meme coin rankings, making it the third-largest token in the sector, preceded only by DOGE and SHIB. This month alone, Pepe has been among the top-performing assets, and industry experts believe that its current upward trend is far from over. Consequently, PEPE investors may stand to benefit from further value appreciation.
Read More
- Hades Tier List: Fans Weigh In on the Best Characters and Their Unconventional Love Lives
- Smash or Pass: Analyzing the Hades Character Tier List Fun
- W PREDICTION. W cryptocurrency
- Why Final Fantasy Fans Crave the Return of Overworlds: A Dive into Nostalgia
- Sim Racing Setup Showcase: Community Reactions and Insights
- Understanding Movement Speed in Valorant: Knife vs. Abilities
- Why Destiny 2 Players Find the Pale Heart Lost Sectors Unenjoyable: A Deep Dive
- PENDLE PREDICTION. PENDLE cryptocurrency
- How to Handle Smurfs in Valorant: A Guide from the Community
- FutureNet Co-Founder Roman Ziemian Arrested in Montenegro Over $21M Theft
2024-05-30 19:38