By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Viral Trending contentViral Trending content
  • Home
  • World News
  • Politics
  • Sports
  • Celebrity
  • Business
  • Crypto
  • Gaming News
  • Tech News
  • Travel
Reading: 96% Of PEPE Holders In Profit After Price Soars 77%: Data
Notification Show More
Viral Trending contentViral Trending content
  • Home
  • Categories
    • World News
    • Politics
    • Sports
    • Celebrity
    • Business
    • Crypto
    • Tech News
    • Gaming News
    • Travel
  • Bookmarks
© 2024 All Rights reserved | Powered by Viraltrendingcontent
Viral Trending content > Blog > Crypto > 96% Of PEPE Holders In Profit After Price Soars 77%: Data
Crypto

96% Of PEPE Holders In Profit After Price Soars 77%: Data

By Viral Trending Content 5 Min Read
Share
SHARE

On-chain data shows more than 96% of PEPE Investors have entered into profits after the massive rally the memecoin has seen over the past week.

Contents
96.36% Of All PEPE Addresses Are Now In The GreenPEPE Price

96.36% Of All PEPE Addresses Are Now In The Green

As pointed out by cryptocurrency researcher Vicakdo in a post on X, an extreme majority of the PEPE investors are holding some net unrealized profits right now.

Relevant here is the “Global In/Out of the Money” indicator from the market intelligence platform IntoTheBlock, which tells us how many addresses were bought at which historical price range of the cryptocurrency.

To calculate the “cost basis” of any investor, the analytics firm uses on-chain data to determine the average deposit price of the coins in any wallet.

Investors who have this price higher than the current spot price are considered to be holding net unrealized losses. IntoTheBlock terms include addresses such as “out of the money.”

Similarly, those with a cost basis lower than the asset’s current value are assumed to be “in the money.” Naturally, investors who are exactly breaking even on their investment at the current price would be considered to be “at the money.”

The chart below shows the current distribution of PEPE investors across all three of these categories, as well as how the different ranges compare in terms of the investors who share their cost basis at them.

Looks like only a negligible percentage of the memecoin's investors are currently holding at a loss | Source: @VictorIwuegbu on X

In the graph, the size of the dot correlates to the number of addresses with their average acquisition price inside the corresponding range. It would appear that all of the large dots are below the current spot price, meaning that most investors are in profit.

More specifically, 96.36% of all PEPE investors are currently in the money. Only 10 addresses are still holding at a net loss, which is negligible compared to the 236,320 addresses in the green.

The remaining percentage of the cryptocurrency’s holder base is currently at the money level, meaning the price is going through a retest of their shared average cost basis.

Generally, a retest of the cost basis is important for any investor, as it can lead to a flip in their profit-loss situation. As such, investors can be more likely to show some reaction when such a retest takes place.

Investors who are holding at a loss may be desperate for an exit opportunity at their break-even, so the asset retesting its price could cause it to feel resistance.

Similarly, profit-seeking holders may instead react by buying when the price retests its neutral level, as they could believe the same level would be profitable in the future. Thus, these levels can provide support.

The strength of these resistance and support levels naturally lies in the number of addresses bought. Large circles are thick with investors, so their retest could cause a significant reaction.

From the chart, it’s apparent that PEPE has little resistance ahead of itself now, so exploring higher levels shouldn’t lead to the coin finding resistance from investors looking to exit at their break-even.

At these extreme profit levels, however, the chances of profit-taking become significant, so the main obstacle to rallies from here on out would be selloffs with the aim of profit realization.

PEPE Price

At the time of writing, PEPE is trading around $0.0000168, up 77% in the past week.

PEPE Price Chart

The price of the asset has sharply climbed up over the last few days | Source: PEPEUSD on TradingView

Featured image from Shutterstock.com, IntoTheBlock.com, chart from TradingView.com

You Might Also Like

BlackRock Bitcoin ETF earns more than its flagship S&P 500 fund

Bitcoin Active Supply Down 17%: Here’s What Followed Last Time

Ripple applies for US banking license, joining crypto rush for legitimacy

Dogecoin Reverses Course, Breaking 50-Day Bearish Pattern – Is Another Rally Brewing?

OpenAI says Robinhood tokens are not equity in the company

TAGGED: Crypto, Crypto News, News
Share This Article
Facebook Twitter Copy Link
Previous Article Silent Hill Transmission Announced for May 30
Next Article The Unitree G1 Is a Short Humanoid Robot That Costs Just $16,000
Leave a comment

Leave a Reply Cancel reply

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

- Advertisement -
Ad image

Latest News

‘Massive’ investment in R&D leads China’s Honor to launch world’s thinnest foldable phone
Business
Top 5 Upgrades of the Google Pixel 10 Pro XL
Tech News
BlackRock Bitcoin ETF earns more than its flagship S&P 500 fund
Crypto
Judge ends order blocking deportation of family of suspect in fatal Boulder firebomb attack
Politics
North Korean Hackers Target Web3 with Nim Malware and Use ClickFix in BabyShark Campaign
Tech News
EU open to carbon offsets on path to 2040 emissions target
World News
Bitcoin Active Supply Down 17%: Here’s What Followed Last Time
Crypto

About Us

Welcome to Viraltrendingcontent, your go-to source for the latest updates on world news, politics, sports, celebrity, tech, travel, gaming, crypto news, and business news. We are dedicated to providing you with accurate, timely, and engaging content from around the globe.

Quick Links

  • Home
  • World News
  • Politics
  • Celebrity
  • Business
  • Home
  • World News
  • Politics
  • Sports
  • Celebrity
  • Business
  • Crypto
  • Gaming News
  • Tech News
  • Travel
  • Sports
  • Crypto
  • Tech News
  • Gaming News
  • Travel

Trending News

cageside seats

Unlocking the Ultimate WWE Experience: Cageside Seats News 2024

‘Massive’ investment in R&D leads China’s Honor to launch world’s thinnest foldable phone

Investing £5 a day could help me build a second income of £329 a month!

cageside seats
Unlocking the Ultimate WWE Experience: Cageside Seats News 2024
May 22, 2024
‘Massive’ investment in R&D leads China’s Honor to launch world’s thinnest foldable phone
July 3, 2025
Investing £5 a day could help me build a second income of £329 a month!
March 27, 2024
Brussels unveils plans for a European Degree but struggles to explain why
March 27, 2024
© 2024 All Rights reserved | Powered by Vraltrendingcontent
  • About Us
  • Contact US
  • Disclaimer
  • Privacy Policy
  • Terms of Service
Welcome Back!

Sign in to your account

Lost your password?