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

A recent surge in the price of the memecoin PEPE has resulted in over 96% of its investors holding profitable positions, according to on-chain data.

96.36% Of All PEPE Addresses Are Now In The Green

An analysis by cryptocurrency researcher Vicakdo revealed that a vast majority of PEPE investors are currently enjoying unrealized profits.

The “Global In/Out of the Money” indicator by IntoTheBlock provides insights into the historical price ranges at which addresses acquired the cryptocurrency. By calculating the average deposit price, the firm categorizes investors into “in the money,” “out of the money,” or “at the money” based on their cost basis compared to the current value of the asset.

The distribution of PEPE investors across these categories indicates that 96.36% are currently in profit, with only a minimal number of addresses at a loss.

Retests of the cost basis are crucial as they can influence the profit-loss dynamics for investors, potentially triggering reactions in the market.

The strength of support and resistance levels is determined by the number of addresses at those levels, with significant reactions expected during retests.

PEPE Price

As of the latest data, PEPE is priced at around $0.0000168, reflecting a 77% increase over the past week.