PEPE, the renowned meme cryptocurrency adorned with the iconic frog, has surged to claim the throne as the most lucrative among major meme coins, as per recent data unveiled by IntoTheBlock. Boasting a remarkable 90% return this month alone, over 96% of PEPE holders are currently reveling in profits, setting it apart as a standout performer in the meme coin market.

IntoTheBlock's comprehensive analysis sheds light on PEPE's exceptional performance. Presently, a staggering 91.59% of PEPE addresses, representing 227,990 holders, are basking in profits. Meanwhile, an additional 5.32% or 13,250 addresses find themselves at breakeven, with PEPE's current price hovering around $0.0000144 per token.

However, a fraction of PEPE holders, accounting for 3.09% or 7,680 addresses, are grappling with losses, having acquired PEPE at prices ranging from $0.000016 to $0.000033.

Comparative Analysis: SHIB vs. PEPE

A mere three months ago, PEPE and Shiba Inu (SHIB) were engaged in a close contest for profitability supremacy. Fast forward to today, and PEPE has surged ahead, leaving SHIB holders facing a more challenging situation. These insights are sourced from IntoTheBlock.

Data reveals that 63.08% of SHIB addresses, equivalent to 846,450 holders, are presently in the green. Conversely, 32.93% or 441,890 addresses find themselves in the red, with SHIB's price oscillating between $0.000027 and $0.000139. The remaining 3.99% or 53,530 addresses are hovering around breakeven.

The diverging fates of these two meme coins have spurred significant ripples across the market. Notably, Lookonchain recently reported a significant transaction where an investor withdrew 67 billion PEPE, valued at $1.02 million, from OKX.

This same investor had previously encountered a substantial setback of $2.55 million in SHIB, having entered the market at its peak during the bull market and exited at a significant loss during the subsequent bear market.

Source: IntoTheBlock $PEPE $SHIB #pepe⚡ #PEPEATH #Shibalnu #Shibarium #mememcoinseason2024