Despite market fluctuations in the past 24 hours, Pepe (PEPE) coin has managed to maintain its leadership position in the meme coin category. Exceeding other prominent meme coins such as Dogecoin (DOGE) and Shiba Inu (SHIB), PEPE reached a trading volume of $618 million.
PEPE Coin Investors Are Making Profit
According to data provided by IntoTheBlock and Santiment, a large majority of PEPE coin investors are still in a profitable position. Approximately 70% of tokens are trading above their purchase price, with investors making an average profit of 4.5%.
This has led to an increasing interest in PEPE coin among individual investors. High profitability is strengthening the coin’s position in the market by increasing investor interest in the meme coin.
PEPE’s Market Status and Future Expectations
PEPE’s market value continues to fluctuate, but Relative Strength Index (RSI) and On-Balance Volume (OBV) indicators promise potential for an upward trend. With RSI fluctuating between 30-40, OBV is moving in parallel with the price direction, signaling the possibility of a future upward movement.
Whales’ Interest in PEPE Coin
Despite recent price drops, large investors, or ‘whales’, continue to accumulate the meme coin advantageously. Santiment data shows an increase in the number of wallets holding large amounts of PEPE coin.
Useful Information
PEPE coin maintains its popularity among investors despite market fluctuations.
70% of investors are trading their tokens at a value higher than their purchase price.
PEPE’s RSI and OBV indicators may signal potential for an upward movement.
Whales are accumulating PEPE coin using the advantage of lower prices.
In conclusion, PEPE coin remains an attractive investment vehicle for investors, especially as the interest of whales and positive technical indicators strengthen the meme coin’s future potential.
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