96% of PEPE holders are in profit thanks to the latest rally
Memecoin Pepe's recent rise has left most of its investors in profit.
A post from IntoTheBlock on social media revealed that an astounding 96% of those owning PEPE are now seeing their investments in the green.
Thanks to an impressive 90% return this month, over 96% of $PEPE holders are now in profit. This positions $PEPE as the most profitable among major memecoins!
— IntoTheBlock (@intotheblock) May 30, 2024
Profit Reigns for PEPE Investors
Over the recent weeks, PEPE has shattered its previous records, hitting peak after peak. This particular week saw the memecoin not just rallying, but also showing exceptional resilience by posting only negligible losses.
Statistics from CoinMarketCap have indicated that PEPE's value saw an upswing of 116% over the last month and a 7.7% increase over the previous week. Despite a recent falter, dipping by more than 3% in the last 24 hours and trading at $0.00001455 at the time of analysis, the enthusiasm around PEPE remains unconstrained.
Even amidst such minor setbacks, IntoTheBlock has identified this digital asset as the top earner among significant meme cryptocurrencies, with nearly every investor making a profit.
Astonishing Victory for Pepe
At the onset of this year, PEPE's market cap was around $500 million. That number, as of now, has catapulted to $6.11 billion. Just two weeks prior, its market cap was at $5 billion, reaching an unprecedented high of $0.00001096. At that juncture, every investor had seen some level of profit, though the dynamic and volatile nature of the cryptocurrency market has seen those numbers fluctuate.
A mere three days ago, PEPE soared to a new zenith with a price of $0.00001717, pushing its market cap to $7 billion. This jump made it the 21st largest cryptocurrency by market cap, surpassing Polygon and Litecoin. Moreover, its 24-hour trading volume escalated to $1.8 billion, eclipsing the likes of Dogecoin (DOGE) and Shiba Inu (SHIB), both of which had market caps just over $1 billion.
The extraordinary success of Pepe in recent months has elevated its rank in the meme cryptocurrency arena to the third spot, trailing only behind DOGE and SHIB. It not only stands as one of the most impressive performers of the month, but market watchers also speculate that its upward trajectory is far from over. Consequently, the value of PEPE may surge even further, potentially enriching all holders of the cryptocurrency.
