Over 96% of PEPE Holders in Profit

The dramatic rise of the frog-themed Pepe (PEPE) coin has generated profit for the majority of its holders.

according to tweet By IntoTheBlock Over 96% of crypto users holding PEPE currently own the money.

Thanks to the amazing return of 90% this month, more than 96% of $baby The owners are now in profit. These situations $baby As the most profitable among the major meme currencies! pic.twitter.com/4BJkjDtha2

— IntoTheBlock (@intotheblock) May 30, 2024

The majority of PEPE holders are in profit

Last month, PEPE repeatedly hit all-time highs. The meme coin has been on the rise over the past week, rising and recording minimal losses.

Data from CoinMarketCap a statement PEPE is up 116% in the past month and 7.7% in the past week. However, the asset's trajectory over the past 24 hours has been different. It has fallen more than 3% since yesterday and is trading at $0.00001455 at the time of writing.

Aside from the slight decline in Pepe's value, IntoTheBlock said the cryptocurrency is currently the most profitable among major currencies, with almost all of its holders making profits.

Baby's roaring success

PEPE started the year with a market cap of about $500 million. However, this number has risen to $6.11 billion at the time of writing. Two weeks ago, the coin's market capitalization reached $5 billion, reaching an all-time high of $0.00001096. Interestingly, all token holders were making profits at some point, but the volatility of the cryptocurrency market caused the number of PEPE investors in the funds to fluctuate.

Three days ago, PEPE reached a new all-time high of $0.00001717, and its market capitalization rose to $7 billion. It became the 21st largest asset by market cap, while its market capitalization upended well-known altcoins such as Polygon and Litecoin. Additionally, the asset's 24-hour trading volume reached $1.8 billion, surpassing rivals Dogecoin (DOGE) and Shiba Inu (SHIB), which had a market capitalization hovering just above $1 billion.

Pepe's massive success over the past months has propelled it to the top of the meme coins list, making the token the third largest in the sector, after DOGE and SHIB. The meme coin is also one of the best performing assets this month, and analysts expect that its current rally is nowhere near over. Hence, the value of the token could see further growth, and all PEPE holders could make profits again.