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🔶PEPE, the third biggest memecoin in the market cap, behind just DOGE and SHIB, grew by almost 800% in the last month. The frog coin is now almost topping the $3B market cap.
Despite all this growth, can this trend continue? On-chain and Technical Analysis shows us that PEPE price could soon reach new all-time highs.
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PEPE Gained More Than 25,000 Holders
The recent spike in PEPE holder base by over 25,000 within two weeks speaks volumes about the growing trust in the currency. This influx of new investors serves as a solid foundation for sustained upward price pressure.
It’s interesting to note that this growth trend doesn’t seem to be slowing down, so one could expect the number of PEPE holders growing even more in the coming days.
PEPE had roughly 150,000 holders on February 6. On March 8, its number of holders had jumped to 175,000. A token that large amassing a 16% growth in holders in less than 2 weeks is impressive.
The last time PEPE attracted so many holders in a short span of time, its price doubled in 15 days.
PEPE Profitable Holders Are Worth Watching
Currently, the proportion of PEPE holders making a profit stands impressively at 86%, equating to roughly 160,000 addresses. Just five days earlier, this figure was slightly higher at 91%. Such a dip is expected and normal, given the influx of new holders diving into the market amidst the coin’s bullish momentum.
