Despite the market fluctuations in the past 24 hours, Pepe (PEPE) coin has managed to maintain its leading position in the meme coin category. Surpassing other pioneer meme coins like Dogecoin (DOGE) and Shiba Inu (SHIB), PEPE has reached a transaction volume of $618 million.
PEPE Coin Investors Profiting
According to data provided by IntoTheBlock and Santiment, a large majority of PEPE coin investors are still in a profitable position. Approximately 70% of the tokens are trading above the buying price, with investors currently making an average profit of 4.5%.
This trend is leading to an increase in individual investors turning to PEPE coin. The high profitability is strengthening the interest of investors in the meme coin, thus solidifying its position in the market.
PEPE’s Market Situation and Future Expectations
The market value of PEPE continues to trend downward, but the Relative Strength Index (RSI) and On-Balance Volume (OBV) indicators present promising signs for a potential upturn. While RSI is in the 30-40 range, OBV is moving parallel to the price direction, signaling the possibility of a bullish trend continuation.
Whale Interest in PEPE Coin
Despite recent price drops, large investors, or ‘whales,’ continue to accumulate the meme coin at lower prices. Data from Santiment shows an increasing number of wallets holding significant amounts of PEPE coin.
Useful Information
PEPE coin maintains its popularity among investors despite market fluctuations.
70% of investors are seeing a value higher than their buying price for the tokens.
PEPE’s RSI and OBV indicators could indicate potential for an upturn.
Whales are accumulating PEPE coin using the advantage of low prices.
In conclusion, PEPE coin remains an attractive investment option for investors, especially with the interest from whales and positive signals from technical indicators strengthening the meme coin’s future potential.
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