- Pepe Coin witnesses a significant 8% increase, outshining meme crypto giants like Dogecoin and Shiba Inu.
- A startling analysis reveals that only 29% of PEPE investors are currently profiting.
Meme Coin Showdown: PEPE’s Impressive Leap
Pepe Coin, symbolized as PEPE, is capturing the attention of the crypto universe. In just a day, this digital asset has experienced an 8% spike, dwarfing the performance of renowned meme cryptocurrencies like Dogecoin and Shiba Inu.
A Deep Dive into the Numbers
Data extrapolated from Coinmarketcap illustrates an interesting narrative for Pepe Coin. Its daily trading volume witnessed an astonishing rise of over 140% in just a single day. While Monday recorded a trading volume of $60 million, by Tuesday, this figure had ballooned to an impressive $145 million.
For perspective, while Pepe Coin basked in its newfound momentum, Shiba Inu registered a 6% increment, stabilizing its trade at $0.00000953. Dogecoin, another meme crypto frontrunner, observed a comparatively modest rise of 1.61%, with its trading mark hitting $0.0075.
Insights from the Blockchain
Diving deeper into the intricacies of Pepe Coin’s performance, an analysis from the on-chain data tracker, IntoTheBlock, reveals some captivating statistics. The data suggests that only 29% of PEPE investors are currently reaping profits from their investments. Surprisingly, a minuscule 5% of the token holders secured their coins at a value analogous to its present trading figure. This means a significant majority, approximately 63%, of the holders are grappling with losses.
To further elucidate, a mere $1.20 could currently fetch an investor 1 million PEPE tokens. Such an investment has the potential to christen its investors as ‘PEPE millionaires’, considering the coin’s current trading value stands at an enticing $0.000001187.
This recent surge of Pepe Coin prompts enthusiasts and investors to closely monitor its trajectory. As the dynamics of meme cryptocurrencies remain ever-volatile, only time will reveal whether PEPE can solidify its position among the top contenders or face the fickle nature of the crypto markets.
