According to data obtained from IntoTheBlock, it has been revealed that more than half of the PEPE addresses are currently profitable. What is the latest status of the meme token’s other data?
PEPE Investors in Profit!
It is shown that a significant portion of Pepe Coin holders are experiencing profitability. However, due to varying market conditions and individual entry points, this may not reflect the entire picture. To have a more comprehensive understanding of the current situation of Pepe holders, it would be beneficial to consider additional factors such as the holding period for cryptocurrencies, particularly for meme tokens like Pepe, recent market trends, and the overall sentiment in the cryptocurrency market.
According to current data, about 54% of PEPE addresses are profitable, which could indicate that the holders would make a gain if they were to sell their tokens at the current market price. Conversely, approximately 38% of PEPE addresses are in a losing position. This means that if holders decide to sell their tokens now, they could suffer a loss.
Decline in PEPE Active Addresses
Additionally, about 8.5% of PEPE holders are at the break-even point, where selling their tokens at the current market price would result in neither profit nor loss. This distribution could reflect a variable investment outcome among Pepe holders, with a small majority currently experiencing profitability. There was also a significant decrease in PEPE’s network activity over the past week. This decline can be validated by a 30% decrease in new address creation and a 26% reduction in the number of active addresses.
Furthermore, there has been approximately a 19% decrease in the number of addresses that no longer have a PEPE balance. Collectively, these statistics could indicate a notable decrease in interaction and transaction activities within the Pepe network. The growth of the PEPE network is progressing at a slow pace, as indicated by the fairly flat curve of growth. Despite this gradual growth, it has been observed that about 147,000 addresses with a PEPE balance have been added to the network in the last 30 days. This figure could indicate a slow yet steady increase in the number of users or investors interacting with Pepe.
