Benzinga - Pepe Coin (CRYPTO: PEPE) has seen an 8% increase in the last 24 hours, outperforming popular meme-based cryptocurrencies like Dogecoin (CRYPTO: DOGE) and Shiba Inu (CRYPTO: SHIB).
What Happened: Data from Coinmarketcap shows that Pepe Coin’s daily trading volume has skyrocketed by over 140% during this period. What was once a daily trading volume of $60 million on Monday has now surged to over $145 million on Tuesday.
While Pepe Coin has been gaining momentum, Shiba Inu experienced a 6% rise, trading at $0.00000953, and Dogecoin saw a modest gain of 1.61% as it traded at $0.0075.
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Why It Matters: An analysis conducted by on-chain tracker IntoTheBlock reveals some interesting statistics about Pepe Coin. It indicates that only 29% of all PEPE investors are currently in a profitable position. Additionally, a mere 5% of token holders bought their coins at a price similar to the current trading value, placing 63% of all holders in a losing position.
As for its market value, $1,20 worth of PEPE currently buys 1 million meme tokens, potentially transforming holders into PEPE millionaires. At the time of writing, PEPE is trading at $0.000001187.
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