According to on-chain data from IntoTheBlock, more than half of the PEPE addresses are currently in a profitable state, indicating that they are ‘in the black.’
PEPE Memecoin: Unraveling On-Chain Metrics and Noteworthy Trends
Regarding the profitability of Pepe Coin holders, the fact that over half of the addresses are in a profitable state suggests that a significant portion of them may be experiencing gains. However, it’s important to note that this doesn’t provide a complete picture, as market conditions and individual entry points can vary.
For a more comprehensive understanding of the current status of Pepe Coin holders, it’s valuable to consider additional factors such as the duration of coin holding, recent market trends, and the overall sentiment in the cryptocurrency market, particularly for meme coins like Pepe Coin. According to current data, approximately 54% of PEPE addresses are profitable, indicating that these holders would realize gains if they sold their tokens at the present market price. On the flip side, about 38% of PEPE addresses are in a loss-making position, meaning these holders would incur losses if they decided to sell their tokens now.
Additionally, nearly 8.5% of PEPE holders are at the break-even point, where selling their tokens at the current market price would result in neither a profit nor a loss.
This distribution reflects a diverse investment outcome among Pepe Coin holders, with a slight majority currently experiencing profitability.
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