PEPE Surges to Become the Most Profitable Meme Coin, With 96% of Holders in the Green

PEPE, the famous frog-themed meme cryptocurrency, has surged to become the most profitable among major meme coins, according to recent data from IntoTheBlock.

The frog-themed meme cryptocurrency, PEPE, has surged to become the most profitable among major meme coins, with over 96% of holders currently in profit, according to recent data from IntoTheBlock.

With a staggering 90% return this month, PEPE has outperformed other meme coins and attracted attention in the crypto market. IntoTheBlock's Global In/Out of the Money indicator provides a detailed analysis of PEPE's performance.

Out of the total PEPE addresses, 91.59%, representing 227,990 holders, are in profit with current prices ranging from $0.000014 to $0.00009. An additional 5.32% or 13,250 addresses are at breakeven.

However, 7,680 addresses, accounting for 3.09% of holders, are experiencing losses, having bought PEPE at prices ranging from $0.000016 to $0.000033.

This strong performance comes after PEPE faced stiff competition from another popular meme coin, Shiba Inu (SHIB). Just three months ago, both PEPE and SHIB were neck-and-neck in terms of profitability.

Now, the scenario has shifted dramatically, with PEPE pulling ahead and leaving SHIB holders in a more challenging position.

Data shows that 63.08% of SHIB addresses, or 846,450 holders, are currently in profit. In contrast, 32.93%, or 441,890 addresses, are in losses, with SHIB's price having fluctuated between $0.000027 and $0.000139. The remaining 3.99%, or 53,530 addresses, are at breakeven.

These contrasting fortunes of PEPE and SHIB have also sparked significant movements on the market.

Recently, Lookonchain reported a notable transaction where an investor withdrew 67 billion PEPE, valued at $1.02 million, from OKX. This same investor had previously incurred a substantial loss of $2.55 million in SHIB, having bought high during the bull market and sold at a significant loss during the bear market.