How Many PEPE Holders Are Currently in Profit?
The post How Many PEPE Holders Are Currently in Profit? appeared on BitcoinEthereumNews.com. Altcoins As of June 1, data sourced from IntoTheBlock provides a detailed snapshot of the current profit distribution among holders of the PEPE token, a prominent meme-based cryptocurrency built on Ethereum. According to the on-chain analytics, 56% of PEPE holders are currently “in the money”, meaning their tokens are worth more than the price at which they were acquired. In contrast, 35% are “out of the money”, holding their assets at a loss. Another 9% are at break-even, with token prices matching their initial purchase levels. This breakdown highlights a moderately healthy market structure, with the majority of investors still in profit despite short-term price fluctuations. At the time of reporting, PEPE is trading at $0.0000012, reflecting a 0.31% decrease over the past 24 hours, and holding a market capitalization of $4.91 billion. Additional insights from IntoTheBlock underscore the token’s market dynamics Large holder concentration stands at 75%, indicating significant influence by whales and institutional wallets. A strong 0.9 price correlation with Bitcoin implies that PEPE’s price trajectory closely mirrors broader crypto market trends. Transaction demographics are evenly split, with 50% from the West and 50% from the East, reflecting balanced global participation. The on-chain signal analysis further paints a cautious outlook. IntoTheBlock flags a “Mostly Bearish” sentiment, driven by four key indicators all pointing downward: net network growth, profitability, and address concentration metrics. Notably, the net network growth is down 0.82%, and the “in the money” metric has dropped 4.49% over recent periods—adding to short-term market hesitancy. Despite this, the relatively high percentage of profitable holders suggests long-term optimism remains intact, particularly if broader market conditions improve. Author Kosta Gushterov Reporter at Coindoo Kosta has been a part of the team since 2021 and has solidified his position with a thirst for knowledge, incredible dedication to his work and…
The post How Many PEPE Holders Are Currently in Profit? appeared on BitcoinEthereumNews.com.
Altcoins As of June 1, data sourced from IntoTheBlock provides a detailed snapshot of the current profit distribution among holders of the PEPE token, a prominent meme-based cryptocurrency built on Ethereum. According to the on-chain analytics, 56% of PEPE holders are currently “in the money”, meaning their tokens are worth more than the price at which they were acquired. In contrast, 35% are “out of the money”, holding their assets at a loss. Another 9% are at break-even, with token prices matching their initial purchase levels. This breakdown highlights a moderately healthy market structure, with the majority of investors still in profit despite short-term price fluctuations. At the time of reporting, PEPE is trading at $0.0000012, reflecting a 0.31% decrease over the past 24 hours, and holding a market capitalization of $4.91 billion. Additional insights from IntoTheBlock underscore the token’s market dynamics Large holder concentration stands at 75%, indicating significant influence by whales and institutional wallets. A strong 0.9 price correlation with Bitcoin implies that PEPE’s price trajectory closely mirrors broader crypto market trends. Transaction demographics are evenly split, with 50% from the West and 50% from the East, reflecting balanced global participation. The on-chain signal analysis further paints a cautious outlook. IntoTheBlock flags a “Mostly Bearish” sentiment, driven by four key indicators all pointing downward: net network growth, profitability, and address concentration metrics. Notably, the net network growth is down 0.82%, and the “in the money” metric has dropped 4.49% over recent periods—adding to short-term market hesitancy. Despite this, the relatively high percentage of profitable holders suggests long-term optimism remains intact, particularly if broader market conditions improve. Author Kosta Gushterov Reporter at Coindoo Kosta has been a part of the team since 2021 and has solidified his position with a thirst for knowledge, incredible dedication to his work and…
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