In PEPE, which increased nearly 20 times, 96% of investors made a profit

Launched in 2023 and with a strong investor base in many countries including Turkey, PEPE continues to be one of the stars of the bull season. Investors in PEPE, which has increased more than 15 times since February, are also seen to be in profit to a very large extent.

In PEPE, which increased nearly 20 times, 96% of investors made a profit

PEPE, one of the non-stop rising coins of 2024, made ATH again. The meme coin, which broke a record today at $0.000017, also saw a large portion of investors make a profit.

According to data analytics platform In to The Block, 96% of accounts invested in PEPE have made a profit… While the rise in PEPE has surpassed meme coins such as Dogecoin and Shiba Inu, its market capitalization has surpassed Polygon ($6.7 billion) with today’s peak.

Purchases are also ongoing

PEPE, which was at the level of $0.000001 in February, is about to approach a 20-fold increase today. Large wallet purchases continue in the meme coin, which is traded at $ 0.000017. In the minutes the news was written, 2 newly created wallets received $3.1 million in tokens from the OKX exchange. The two wallets, which made a total of 182 billion purchases, withdrew their tokens to their own accounts.

It has been a meme coin year so far

The 2024 bull season was disappointing for many altcoins, except for some AI and meme-focused coins. Apart from PEPE, meme coins mined on the Solana network increased significantly, while tokens such as WIF, BONK, MYRO were at the forefront.

PEPE, which also surpassed Dogecoin and Shiba Inu in daily trading volume, achieved a daily trading volume 3 times higher than DOGE and 8 times higher than SHIB.

On the other hand, it is noteworthy that there is no listing such as Coinbase or Robinhood behind the rise in PEPE. So far, no primary driver of this meme coin’s rise has been found.

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