PEPE leads weekly gainers, but this
concern arises
PEPE prints green for its holders
The current spike in PEPE sell-offs is attributable to how profitable transactions involving the altcoin have become as the meme coin frenzy intensifies.
An assessment of PEPE transactions revealed that the daily ratio of its transaction volume to loss was 2.61 on the 9th of March.
This indicated that on that day, for every PEPE transaction that ended in a loss, 2.61 transactions returned a profit. Observed on a 30-day moving average, this ratio remained positive at 1.65.
Further, the tokenโs Market Value to Realized Value (MVRV) ratio, which measures whether an asset is overvalued or undervalued, was 347.63% at press time.
An MVRV ratio of 347% indicates that, on average, the current market value of PEPE is 3.47 times higher than the average price at which coins were last transacted.
This means that, on average, investors who hold the meme coin have realized significant gains, as the current market price is substantially higher than the price at which they acquired their holdings.
$PEPE
