PEPE surpasses SHIB and DOGE to become the most profitable Meme coin!
96% of Pepe holders are profitable, becoming the most profitable Meme coin in 2024
There is no doubt that meme coins have been the focus of discussion throughout the industry throughout 2024. As market interest surged in March, a large number of newcomers emerged. However, there is one asset that continues to show its growing dominance in the market.
Pepe has now become the most profitable Meme token, beating out leading assets such as Shiba Inu and Dogecoin. Specifically, data shows that holders have received a staggering 90% return, the vast majority of which are profitable. These aspects clearly show that Pepe is one of the most eye-catching winners this year.
Data shows that a total of 227,990 PEPE token holders are currently in a profitable state. In addition, another 5% of holders have currently recovered their initial investment. The recent surge in profitability is an important point to note in the ongoing competition with Shiba Inu, which Pepe has recently surpassed.
Now, all eyes are on Pepe's performance in June. Its winning streak in 2024 is expected to continue, especially since Ethereum-based products could benefit from the upcoming launch of a spot ETH ETF. This development will only add more momentum to the asset’s journey to challenge the top two meme tokens.
