PEPE has been consistently setting new all-time highs (ATH) in the past month. The significant price increase of this frog-themed memecoin has brought profits to the majority of holders.
According to a tweet by IntoTheBlock, over 96% of cryptocurrency users holding PEPE are currently in profit.
Majority of PEPE Holders in Profit
In the past month, PEPE has continuously recorded new ATHs. This memecoin began showing positive changes in the past week, with price increases and minimal losses.
PEPE has increased by 120% in the past month. However, the trajectory of the asset in the past 24 hours has been different. It has decreased by over 3% since yesterday and is currently trading at $0.0000146 at the time of writing.
Despite the slight price decrease, IntoTheBlock notes that this cryptocurrency currently brings the highest profits among major memecoins, as almost all holders are in profit.
PEPE started the new year with a market capitalization of around $500 million. However, that figure has risen to $6.12 billion at the time of writing. Two weeks ago, the market capitalization of this token was at $5 billion when the price reached an ATH of $0.00001096. Interestingly, all holders were in profit at one point, but market fluctuations have caused the number of profitable PEPE investors to fluctuate.
Three days ago, the price reached an ATH of $0.000017 and the market capitalization rose to $7 billion. At that time, this asset became the 21st largest cryptocurrency by market capitalization, surpassing well-known altcoins like Polygon and Litecoin. Additionally, PEPE's 24-hour trading volume reached $1.8 billion, surpassing competitors Dogecoin (DOGE) and Shiba Inu (SHIB) with market capitalizations just above $1 billion.
The remarkable success in recent months has elevated Pepe to a higher position in the memecoin list, making it the third largest token in the industry, after DOGE and SHIB. Memecoins have also been one of the best-performing assets in the month, and analysts predict that the current price surge is not yet over.
