Today we have experienced massive selling pressure across the cryptocurrency market as top assets like Bitcoin (BTC), Ethereum (ETH), and Solana (SOL) see notable price drops. On July 4, 2024, an on-chain analytic firm Intotheblock made a post on X stating that despite a massive market downturn, meme coins including Pepe (PEPE), Floki (FLOKI), Dogecoin (DOGE), Mog Coin (MOG), and Shiba Inu (SHIB) still have a significant portion of their holders in profit.

PEPE gave the best return  

According to the data, MOG and PEPE top the list with the highest percentage of profitable holders. In MOG, 85.5% of holders are profitable, while 78.53% of PEPE holders are profitable. On the other hand, in top meme coins where 75% of DOGE holders, 51.8% of SHIB holders, and 78.41% of FLOKI holders are profitable. 

This chart illustrates the percentage of holders in profit across various memecoinsDespite a general market downturn, many memecoins still have a significant portion of their holders in profit. $MOG and Pepe $PEPE lead the space with the highest percentages of… pic.twitter.com/ElivXDXVeu

— IntoTheBlock (@intotheblock) July 4, 2024

However, these top tokens including DOGE, SHIB, PEPE, and FLOKI have experienced a massive price drop of 32%, 40%, 35%, and 45% respectively in the last 30 days. Whereas, the recently launched meme coins including Bonk (BONK) and dogwifhat (WIF) are not on the list.

DOGE, SHIB, PEPE price-performance analysis

Currently, DOGE is trading near $0.108, and in the last 24 hours, it experienced a massive price drop of over 8.2%. If we look at the performance of DOGE over a longer period, in the last 7 days it lost nearly 12% of its value. Whereas, in the last 30 days DOGE experienced a price drop of 32%.

Whereas, SHIB is currently trading near $0.0000149, and in the last 24 hours, it experienced a massive price drop of over 10%. If we look at the performance of SHIB over a longer period, in the last 7 days it lost nearly 15% of its value. Whereas, in the last 30 days SHIB experienced a price drop of 40%.

Meanwhile, PEPE is currently moving near $0.0000093, and in the last 24 hours, it experienced a massive price drop of over 9%. If we look at the performance of PEPE over a longer period, in the last 7 days it lost nearly 25% of its value. Whereas, in the last 30 days SHIB experienced a price drop of 36%.

Besides the crypto meme industry, top assets including BTC, ETH, and SOL have also experienced notable price drops of 5%, 6%, and 5.5% respectively in the last 24 hours.