PEPE holders in 100% profit as memecoin hits 3 ATHs in 3 days

Pepe Surges to New Heights, All Holders Profiting

Pepe [PEPE] has witnessed a remarkable upward trajectory in recent days, reaching new all-time highs (ATHs) consistently. This surge has been accompanied by a growing number of holders, indicating increasing interest in the asset.

Accumulation and Exchange Flow

Data from Spot on Chain reveals a significant withdrawal of approximately 407.74 billion PEPE, valued at $4.2 million, from Binance. Analysis from AMBCrypto suggests a tightening balance between inflows and outflows, with outflows slightly exceeding inflows. This trend implies that more PEPE is leaving exchanges despite its rising price.

Holder Growth and Profitability

Santiment data shows a surge in the number of Pepe holders, with over 3,000 new holders joining in the past five days, bringing the total to over 221,000. IntoTheBlock data indicates that all holders are currently in profit, with 100% experiencing gains due to the recent price appreciation.

Significant Transaction

Lookonchain data highlights a significant transaction involving a wallet that has been accumulating PEPE since December 2023. The wallet invested approximately $1.49 million to acquire 1.4 trillion tokens. However, it recently sold 140 billion tokens, equivalent to 10% of its holdings, for $1.57 million.

Consecutive ATHs

Pepe's price chart reveals a remarkable trend of consecutive ATHs over the past three days. On May 13th, it surged by over 13%, reaching an ATH of 0.0000099. Subsequently, on May 14th, another notable uptick of over 6% propelled it to a new ATH of $0.000010. As of writing, it trades at approximately $0.000011, marking another ATH with over a 7% increase.

Bullish Sentiment

The Relative Strength Index (RSI) indicates a strong bull trend, with Pepe currently in the overbought territory. This suggests significant buying pressure and investor optimism surrounding Pepe's price trajectory.