PEPE Has 80% Of Holders In Profit: How It Compares To DOGE & BTC

On-Chain Data Reveals Memecoin Pepe's Profitable Position

On-chain data from blockchain analytics platform IntoTheBlock indicates that 80% of Pepe coin holders are currently in profit. This compares favorably to other top cryptocurrencies, including Bitcoin and Dogecoin.

Profitability Rankings

According to IntoTheBlock's analysis, the profitability ratio of various cryptocurrencies is as follows:

1. Bitcoin (BTC): 89%
2. Ethereum (ETH): 83%
3. Tron (TRX): 82%
4. Pepe (PEPE): 80%
5. Floki (FLOKI): 77%
6. Dogecoin (DOGE): 75%

Implications for Profitability

The high profitability of memecoins like Pepe and Floki suggests that profits are currently skewed towards large-cap cryptocurrencies and memecoins. However, this also means that these coins may be more vulnerable to sell-offs as holders realize their gains. Conversely, coins with lower profitability ratios, such as Dogecoin and Pepe, may have more room for growth before hitting a potential plateau.

Pepe Price Performance

At the time of writing, Pepe is trading at $0.00001126, down over 8% in the last seven days. This indicates that despite its high profitability, the asset has been experiencing price declines in recent weeks.

Conclusion

On-chain data indicates that Pepe is a highly profitable coin with a large percentage of holders in profit. While this may provide opportunities for further growth, it also suggests a potential risk of sell-offs as holders take profits. Investors should carefully consider these factors when making investment decisions.