96% Of PEPE Holders In Profit After Price Soars 77%: Data

On-chain
data
shows
more
than
96%
of
PEPE
Investors
have
entered
into
profits
after
the
massive
rally
the
memecoin
has
seen
over
the
past
week.

96.36%
Of
All
PEPE
Addresses
Are
Now
In
The
Green

As
pointed
out
by
cryptocurrency
researcher
Vicakdo
in
a

post
on
X,
an
extreme
majority
of
the
PEPE
investors
are
holding
some
net

unrealized
profits
right
now.

Relevant
here
is
the
“Global
In/Out
of
the
Money”
indicator
from
the
market
intelligence
platform
IntoTheBlock,
which
tells
us
how
many
addresses
were
bought
at
which
historical
price
range
of
the
cryptocurrency.

To
calculate
the
“cost
basis”
of
any
investor,
the
analytics
firm
uses
on-chain
data
to
determine
the
average
deposit
price
of
the
coins
in
any
wallet.

Investors
who
have
this
price
higher
than
the
current
spot
price
are
considered
to
be
holding
net

unrealized
losses.
IntoTheBlock
terms
include
addresses
such
as
“out
of
the
money.”

Similarly,
those
with
a
cost
basis
lower
than
the
asset’s
current
value
are
assumed
to
be
“in
the
money.”
Naturally,
investors
who
are
exactly
breaking
even
on
their
investment
at
the
current
price
would
be
considered
to
be
“at
the
money.”

The
chart
below
shows
the
current
distribution
of
PEPE
investors
across
all
three
of
these
categories,
as
well
as
how
the
different
ranges
compare
in
terms
of
the
investors
who
share
their
cost
basis
at
them.

Looks like only a negligible percentage of the memecoin's investors are currently holding at a loss | Source: @VictorIwuegbu on X

In
the
graph,
the
size
of
the
dot
correlates
to
the
number
of
addresses
with
their
average
acquisition
price
inside
the
corresponding
range.
It
would
appear
that
all
of
the
large
dots
are
below
the
current
spot
price,
meaning
that
most
investors
are
in
profit.

More
specifically,
96.36%
of
all
PEPE
investors
are
currently
in
the
money.
Only
10
addresses
are
still
holding
at
a
net
loss,
which
is
negligible
compared
to
the
236,320
addresses
in
the
green.

The
remaining
percentage
of
the
cryptocurrency’s
holder
base
is
currently
at
the
money
level,
meaning
the
price
is
going
through
a
retest
of
their
shared
average
cost
basis.

Generally,
a
retest
of
the
cost
basis
is
important
for
any
investor,
as
it
can
lead
to
a
flip
in
their
profit-loss
situation.
As
such,
investors
can
be
more
likely
to
show
some
reaction
when
such
a
retest
takes
place.

Investors
who
are
holding
at
a
loss
may
be
desperate
for
an
exit
opportunity
at
their
break-even,
so
the
asset
retesting
its
price
could
cause
it
to
feel
resistance.

Similarly,
profit-seeking
holders
may
instead
react
by
buying
when
the
price
retests
its
neutral
level,
as
they
could
believe
the
same
level
would
be
profitable
in
the
future.
Thus,
these
levels
can
provide
support.

The
strength
of
these
resistance
and
support
levels
naturally
lies
in
the
number
of
addresses
bought.
Large
circles
are
thick
with
investors,
so
their
retest
could
cause
a
significant
reaction.

From
the
chart,
it’s
apparent
that
PEPE
has
little
resistance
ahead
of
itself
now,
so
exploring
higher
levels
shouldn’t
lead
to
the
coin
finding
resistance
from
investors
looking
to
exit
at
their
break-even.

At
these
extreme
profit
levels,
however,
the
chances
of
profit-taking
become
significant,
so
the
main
obstacle
to
rallies
from
here
on
out
would
be
selloffs
with
the
aim
of
profit
realization.

PEPE
Price

At
the
time
of
writing,
PEPE
is
trading
around
$0.0000168,
up
77%
in
the
past
week.

The price of the asset has sharply climbed up over the last few days | Source: PEPEUSD on TradingView

Featured
image
from
Shutterstock.com,
IntoTheBlock.com,
chart
from
TradingView.com