Memecoins Defy Market Trends: DOGE, PEPE, and FLOKI Holders Remain Profitable
Despite the current market downturn, memecoins such as Dogecoin (DOGE), PEPE, and Floki Inu (FLOKI) have shown resilience, with a significant percentage of holders remaining profitable.
Key Highlights:
- 70.86% of FLOKI holders and 67.79% of DOGE holders are profitable, according to IntoTheBlock.
- PEPE and Shiba Inu (SHIB) also have a notable percentage of profitable holders, at 54% and 45.73%, respectively.
- Despite this, memecoins have experienced a price decline over the last week, with FLOKI, DOGE, PEPE, and SHIB dropping by 21%, 18%, 26%, and 17%, respectively.
- In July 2024, PEPE had the highest profitability, with 78.5% of holders in profit, followed by FLOKI (78.41%) and DOGE (75%).
Current Market Overview:
- The market has experienced a price decline of 0.45% in the last 24 hours.
- Top assets such as Bitcoin (BTC), Ethereum (ETH), and Solana (SOL) have also seen a decline, with BTC down 0.2%, ETH down 3%, and SOL down 0.12%.
What's Next?
The current market trends and profitability of memecoins suggest that investors are holding onto their assets despite the downturn. Will this trend continue, or will the market experience a significant shift? Only time will tell.
