69% of Investors in PEPE Token Seeing Gains
IntoTheBlock, a market intelligence platform, has recently shared data on the investor profitability of the memecoin PEPE. By analyzing the on-chain history of addresses holding the token, the firm determines whether investors are in profit or loss based on their average cost basis.
- Investors are considered “in the money” if the current spot price is higher than their average cost basis
- Those with a higher cost basis than the current price are categorized as “out of the money”
- Equal values indicate investors are “at the money” or breaking even
The current breakdown for PEPE investors shows a balanced distribution between those in profit or loss, with 69% currently seeing gains.
Investor Profitability and Market Dynamics
Historically, market dynamics indicate that peaks in investor profitability often coincide with price peaks, as more investors tend to sell when in profit. Conversely, low profitability percentages can signal potential price bottoms as profit-taking slows down.
Although PEPE currently has a relatively equal distribution of profitable and non-profitable investors, bull markets typically see higher profitability levels. Therefore, a brief cooldown period could help support price recovery.
The recent return to 69% profitability for PEPE holders may suggest a nearing price bottom, aligning with a potential continuation of the bullish trend.
PEPE Token Price Analysis
Over the past week, PEPE has experienced a 26% decline, bringing its price down to $0.0000050913. The following chart illustrates the performance of the memecoin over the last month.
Hot Take: PEPE Investors and Price Outlook
On-chain data shows the percentage of PEPE investors currently in the green has fallen to 69% after the 26% plunge the memecoin has seen in the past week. This shift in investor profitability could signal a potential price bottom and support a bullish trend continuation. Keep an eye on how investor sentiment evolves for further insights into PEPE’s price trajectory.
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