- More than 60% of PEPE holders are now making a profit.
- There is an increase in accumulation at the current price development.
After a recent price increase of almost 16%, there has been a notable increase in numbers PEPE holders who are currently making a profit.
Furthermore, key figures indicate that holders remain optimistic about the potential for further price increases.
More Pepe holders in profit
Recent data from InTheBlok showed that recent price increases 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 making profits. The graph shows that more than 63% of holders are currently making a profit.
The volume maintains a decent level of activity
A study of Pepe’s trading volume showed a decline after the recent price increase. Although at the time of writing this has stabilized at a level above $200 million.
To provide context, volume during the surge was over $500 million, while pre-peak levels were around $100 million or lower. This indicates increased trading activity, which could potentially positively influence price developments.
Source: Santiment
The exchange flow shows accumulation trends
Contrary to expectations related to the current price trend, Pepe has witnessed more outflows than inflows on the stock exchanges. Santiment’s exchange flow statistics showed an inflow volume of approximately 55 billion tokens at the time of this analysis.
At the same time, data showed that more than 70 billion tokens left exchanges. This indicates a scenario of increased accumulation rather than a sell-off within the current price range.
Such a trend implies that holders expect further price increases, indicating a bullish outlook for the token.
PEPE continues the profit trend
At the time of writing, Pepe was showing an increase in value of more than 1%, as shown by the daily time chart. This rebound marked a sustained increase after a notable decline following the price increase.
How many Worth 1,10,100 PEPEs Today
Furthermore, the Relative Strength Index (RSI) line, which stood above 65, indicated a strong bullish trend. The current RSI position suggested an absence of immediate risks for a price correction in Pepe.
Given the continued accumulation and the prevailing price trend, more holders can make a profit.
Source: TradingView