Shiba

2024

Shiba Inu

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<a href="https://u.today/pepe-plunges-20-from-ath-as-6607-billion-pepe-go-to-binance" rel="noopener noreferrer nofollow">PEPE</a>, the famous frog-themed meme cryptocurrency, has surged to become the most profitable among major meme coins, according to recent data from&nbsp;<a href="https://x.com/intotheblock/status/1796104832744374736" rel="noopener noreferrer nofollow">IntoTheBlock</a>. With a staggering 90% return this month, over 96% of PEPE holders are currently in profit, making it a standout on the meme coin market.
IntoTheBlock's Global In/Out of the Money indicator provides a detailed breakdown of PEPE's performance. Currently, 91.59% of PEPE addresses, representing 227,990 holders, are in profit. An additional 5.32% or 13,250 addresses are at breakeven, with a current price of approximately $0.0000144 per token.
<blockquote>
 Thanks to an impressive 90% return this month, over 96% of <a href="https://twitter.com/search?q=%24PEPE&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$PEPE</a> holders are now in profit. This positions <a href="https://twitter.com/search?q=%24PEPE&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$PEPE</a> as the most profitable among major memecoins! <a href="https://t.co/4BJkjDtha2" rel="noopener noreferrer nofollow">pic.twitter.com/4BJkjDtha2</a>— IntoTheBlock (@intotheblock) <a href="https://twitter.com/intotheblock/status/1796104832744374736?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">May 30, 2024</a>
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However, 7,680 addresses, accounting for 3.09% of holders, are experiencing losses, having bought PEPE at prices ranging from $0.000016 to $0.000033.
<h2 dir="ltr" id="shib-vs-pepe">SHIB vs. PEPE</h2>
Just three months ago, PEPE was neck-and-neck with&nbsp;<a href="https://u.today/shiba-inu-shib-pens-open-challenge-to-pepe" rel="noopener noreferrer nofollow">Shiba Inu (SHIB)</a> in profitability. Now, PEPE has pulled ahead, leaving SHIB holders in a more challenging position.&nbsp; <img alt="&quot;&quot;" data-entity-type="file" data-entity-uuid="cafce6bf-3045-4ff5-b1ec-d38d3d8ac5ce" src="https://u.today/sites/default/files/inline-images/shib_221.png">Source: <a href="https://app.intotheblock.com/coin/SHIB/deep-dive?group=financials&amp;chart=inAndOut" rel="noopener noreferrer nofollow">IntoTheBlock</a>
Data shows that 63.08% of SHIB addresses, or 846,450 holders, are currently in profit. In contrast, 32.93%, or 441,890 addresses, are in losses, with SHIB's price having fluctuated between $0.000027 and $0.000139. The remaining 3.99%, or 53,530 addresses, are at breakeven.
The contrasting fortunes of these two meme coins have also sparked significant movements on the market. Recently, Lookonchain reported a notable transaction where an investor withdrew 67 billion PEPE, valued at $1.02 million, from OKX.
This same investor had previously incurred a substantial loss of $2.55 million in&nbsp;<a href="https://u.today/shiba-inu-shib-hailed-by-boxing-legend-manny-pacquiao" rel="noopener noreferrer nofollow">SHIB</a>, having bought high during the bull market and sold at a significant loss during the bear market.

PEPE Becomes Most Profitable Meme Coin, But What About Shiba Inu (SHIB)?

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