#EarnFreeCrypto2024 #ETHETFsApproved The article discusses the recent surge in the price of PEPE, a memecoin, and how it has affected investors. According to on-chain 🎁🎁#EarnFreeCrypto2024 $BTC $BTC 🎁🎁🎁#EarnFreeCrypto2024 #ETHETFsApproved C data, 96.36% of PEPE addresses are profitable, with only a small number of investors experiencing net unrealized losses. The data is based on the "Global In/Out of the Money" indicator from IntoTheBlock, which calculates the average deposit price of coins in any wallet to determine an investor's "cost basis". The article notes that the large number of profitable investors could lead to increased demand and price appreciation, as investors may buy more when the price retests its neutral level, believing it will be lucrative in the future.

Here are the key points:

- 96.36% of PEPE addresses are profitable

- Only a small number of investors are experiencing net unrealized losses

- The majority of investors have a cost basis below the current price

- The large number of profitable investors could lead to increased demand and price appreciation

- Investors may buy more when the price retests its neutral level, believing it will be lucrative in the future.