COINTURK NEWSCOINTURK NEWSCOINTURK NEWS
  • Real-Time News Feed
  • Bitcoin
  • Altcoin
  • Ethereum
  • Technology News
  • Advertise
  • Contact
  • TURTURTUR
  • ESESES
Search
© 2024 COINTURK NEWS. All Rights Reserved.
Reading: Investors Profit from Recent Surge in Memecoin
Share
Languages
  • TürkçeTürkçe
  • EspañolEspañol
Font ResizerAa
COINTURK NEWSCOINTURK NEWS
Font ResizerAa
Search
  • Real-Time News Feed
  • Bitcoin
  • Altcoin
  • Ethereum
  • Technology News
  • Advertise
  • Contact
  • TURTURTUR
  • ESESES
Follow US
© 2025 BLOCKCHAIN Information Technologies. >> COINTURK NEWS
Powered by LK SOFTWARE
COINTURK NEWS > Meme Token > Investors Profit from Recent Surge in Memecoin
Meme Token

Investors Profit from Recent Surge in Memecoin

In Brief

  • Over 96% of PEPE investors are currently in profit.

  • Only 10 addresses are at a net loss compared to 236,320 in profit.

  • PEPE's price rose 51% in the last 7 days and 134% in 30 days.

COINTURK NEWS
COINTURK NEWS 1 year ago
Share
SHARE

On-chain data reveals that over 96% of investors profited from a memecoin‘s significant rise last week. This situation has once again led to questioning the presence of meme coins in the market.

Contents
Pepe Coin ChartHow Much is PEPE Worth?

Pepe Coin Chart

A cryptocurrency follower named Vicakdo shared a post on X recently, indicating that most PEPE investors currently hold a significant amount of unrealized profit.

The highlight of this post is IntoTheBlock’s “Global In/Out of the Money” indicator (below). This indicator shows cryptocurrency investors the historical price range at which the mentioned cryptocurrency was purchased by various addresses.

Looking at the chart below, there are three different categories showing whether PEPE investors are in profit, neutral, or loss.

Interpreting the size of the dots on the chart, it emphasizes the relationship between the number of addresses in the relevant price range where average purchases were made. It is seen that all the large dots on the chart are currently behind the spot price of PEPE, which can be interpreted as most investors being in profit.

To explain in more detail, 96.36% of all PEPE investors are currently in profit. Interestingly, only 10 addresses are still at a net loss, which is almost negligible compared to the 236,320 addresses in the green zone.

The remaining percentage of the cryptocurrency’s holder base also seems to be getting closer to being profitable. Accordingly, the price may test the common average cost basis soon.

In such cases, testing the cost basis can lead to a turnaround in profit and loss situations, which is important for any investor. Consequently, investors may react and consider selling when a possible test occurs.

Investors at a loss may potentially look for an exit opportunity at their breakeven points.

On the other hand, profit-seeking investors may consider the price’s return to the neutral level as a buying opportunity. This level might also be seen as a support level by this group.

How Much is PEPE Worth?

As of the time of writing, investors continued to track PEPE’s price. PEPE was trading at $0.00001695 after a 3% increase in the last 24 hours.

Looking at the last 7 days, PEPE experienced a 51% rise. PEPE’s performance over the last 30 days provided investors with a 134% gain, creating significant satisfaction.

You can follow our news on Telegram, Facebook, Twitter & Coinmarketcap
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

You Might Also Like

BNB Chain Dominates Memecoin Transactions with Speed and Low Costs

Eric Trump Makes a Bold Move with Major Investment in Meme Coin

Fartcoin Surges as Crypto Market Stumbles

Investors Brace for Major Cryptocurrency Price Swings This Week

Altcoins Surge as MELANIA Token Climbs Higher

COINTURK NEWS 28 May, 2024 - 5:01 am 28 May, 2024 - 5:01 am
Share This Article
Facebook Twitter
Share
Previous Article Bitcoin Price Drops After Surpassing $70,800
Next Article Ethereum ETF Craze Affects the Market
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Stay Connected

8.1k Like
21.1k Follow
1.1k Follow

Latest News

Cryptocurrencies Face a Tidal Wave of Potential Collapse
Cryptocurrency News
Massive Data Breach Threatens Cryptocurrency Investors’ Security
Cryptocurrency Security
Crypto Market Trends Defy Expectations: What Lies Ahead for ICP and SOL?
Technical Analysis
Trump Fuels Crypto Surge with Surprising Statements
Cryptocurrency News
//

COINTURK was launched in March 2014 by a group of technology enthusiasts who believe that Bitcoin will be as important as the internet in the world of the future thanks to the amazing technology underlying it.

CRYPTOCURRENCY LIVE PRICES

  • Bitcoin (BTC) Live Price
  • Ethereum (ETH) Live Price
  • Ripple (XRP) Live Price
  • Solana (SOL) Live Price
  • Dogecoin (DOGE) Live Price
  • Cardano (ADA) Live Price
  • Chainlink (LINK) Live Price

OUR PARTNERS

  • COINMARKETCAP
  • COINGECKO
  • BITCOINHABER
  • BH NEWS
  • 21MILYON
  • NEWSLINKER

OUR COMPANY

  • About Us
  • Cookie Policy
  • Advertising
  • Contact
COINTURK NEWSCOINTURK NEWS
Follow US
© 2025 BLOCKCHAIN Information Technologies. >> COINTURK NEWS
Powered by LK SOFTWARE
Welcome Back!

Sign in to your account

Lost your password?