As of June 1, data sourced from IntoTheBlock provides a detailed snapshot of the current profit distribution among holders of the PEPE token, a prominent meme-based cryptocurrency built on Ethereum.
According to the on-chain analytics, 56% of PEPE holders are currently “in the money”, meaning their tokens are worth more than the price at which they were acquired. In contrast, 35% are “out of the money”, holding their assets at a loss. Another 9% are at break-even, with token prices matching their initial purchase levels.
This breakdown highlights a moderately healthy market structure, with the majority of investors still in profit despite short-term price fluctuations. At the time of reporting, PEPE is trading at $0.0000012, reflecting a 0.31% decrease over the past 24 hours, and holding a market capitalization of $4.91 billion.
Additional insights from IntoTheBlock underscore the token’s market dynamics
- Large holder concentration stands at 75%, indicating significant influence by whales and institutional wallets.
- A strong 0.9 price correlation with Bitcoin implies that PEPE’s price trajectory closely mirrors broader crypto market trends.
- Transaction demographics are evenly split, with 50% from the West and 50% from the East, reflecting balanced global participation.
The on-chain signal analysis further paints a cautious outlook. IntoTheBlock flags a “Mostly Bearish” sentiment, driven by four key indicators all pointing downward: net network growth, profitability, and address concentration metrics. Notably, the net network growth is down 0.82%, and the “in the money” metric has dropped 4.49% over recent periods—adding to short-term market hesitancy.
Despite this, the relatively high percentage of profitable holders suggests long-term optimism remains intact, particularly if broader market conditions improve.
Kosta Gushterov
Reporter at Coindoo
Kosta has been a part of the team since 2021 and has solidified his position with a thirst for knowledge, incredible dedication to his work and a “detective-like” mindset. He not only covers a wide range of trending topics, he also creates reviews, PR articles and educational content. His work has also been referenced by other news outlets.
Source: https://coindoo.com/how-many-pepe-holders-are-currently-in-profit/