Top 3 meme coins Dogecoin, Shiba Inu, Pepe: Memes continue rise, investors earn over 45%
Dogecoin, Shiba Inu, and Pepe rise modestly Thursday, September 12.
At present prices, 45%–70% of wallet addresses holding the three meme currencies are lucrative.
60% to 70% of meme coins are owned by major investors with above 1% of the circulation supply.
Dogecoin (DOGE), Shiba Inu (SHIB), and Pepe (PEPE) are the top three meme currencies by market capitalization that gained marginally on Thursday. DOGE, SHIB, and PEPE gained 1.43%, 1.43%, and 2.49% on the day.
Large wallet investors control over 1% of the three meme currencies' circulation supply.
Over 45% of wallet addresses benefit from Dogecoin, Shiba Inu, and Pepe.
Crypto intelligence portal IntoTheBlock reports that 45%–70% of wallet addresses holding the three meme currencies are lucrative at current prices. DOGE's $0.1023 price makes 4.52 million wallet addresses lucrative.
607,840 Shiba Inu wallet addresses earn $0.000013 and 143,030 Pepe wallet addresses get $0.000007.
All three meme currencies notice major wallet investors consolidating 62% of DOGE, which controls over 1% of its circulation supply. IntoTheBlock reports 73% for SHIB and PEPE.
Dogecoin and Shiba Inu have negative 30-day MVRV ratios, according to Santiment. Thus, the two biggest meme currencies are undervalued.
