- Over 60% of PEPE holders are now in profit.
- There has been an increase in accumulation at the current price trend.
Following a recent rise of nearly 16% in price, there has been a notable increase in the number of PEPE holders currently experiencing profits.
Additionally, key metrics indicate that holders remain optimistic about the potential for further price increases.
More Pepe holders in profit
Recent data from IntoTheBlock showed that the recent price rises in Pepe have resulted in a higher percentage of its holders being in a profitable position.
Compared to other memecoins, it ranked second in terms of the number of holders currently in profit. The chart showed that more than 63% of its holders are currently experiencing gains.
Volume maintains decent activity
An examination of Pepe’s trading volume showed a fall following its recent price surge. Although, as of this writing, it has stabilized at a level above $200 million.
To provide context, the volume during the increase was over $500 million, while pre-surge levels were around $100 million or lower. This suggests increased trading activity, potentially influencing its price trend positively.
Source: Santiment
Exchange flow shows accumulation trends
Contrary to expectations tied to its current price trend, Pepe has witnessed more outflows than inflows on exchanges. Sant
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Author: Adewale Olarinde
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