Comparing Profitability: PEPE Holders at 63.2% vs DOGE and SHIB

PEPE Holder Profitability Sees Significant Jump

Data from market intelligence platform IntoTheBlock reveals that the recent price surge of PEPE, a meme coin, has resulted in an increase in holder profitability. Over the past week, PEPE’s price has risen by more than 37%, leading to 63.2% of all PEPE holders now holding some profit. Comparatively, Dogecoin remains the top meme coin in terms of profitability ratio, with over 70% of its investors in profit. However, if PEPE can sustain its rise, it may overtake Dogecoin as the leading meme-based token.

Rapid Increase in Active Addresses

Alongside the improvement in holder profitability, PEPE has also experienced a significant increase in active addresses. Active addresses refer to those addresses involved in transaction activity on the blockchain. The rising number of active addresses for PEPE indicates heightened investor activity and is a positive sign for the sustainability of its rally.

Increase in Large Transactions

The number of large daily transactions for PEPE has also seen substantial growth. Large transactions involve transfers with a value of at least $100,000. This increase suggests that whales, or large entities, are actively trading the memecoin. Previously, there were only 10 such transactions per day, but now there are over 160.

Current Price and Chart

Following its recent rally, PEPE is currently trading around $0.00000151529.

PEPE Price Chart

Hot Take: PEPE Sees Promising On-Chain Activity and Profitability

The recent rally and on-chain activity of PEPE indicate positive developments for the memecoin. With an increase in holder profitability, active addresses, and large transactions, PEPE is gaining traction among investors. While Dogecoin currently leads in terms of profitability ratio, PEPE has the potential to surpass it if its rise continues. The sustained interest and participation in PEPE’s network suggest that its rally may be sustainable. As the memecoin market evolves, PEPE’s performance highlights its growing prominence and potential for further growth.