The Pepe (PEPE) meme cryptocurrency has been subject to an exhaustive analysis to understand its current situation, based on on-chain data provided by IntoTheBlock.
The results reveal a series of significant trends and patterns that shed light on the dynamics of this digital currency.
Currently, more than 54% of PEPE addresses show profitability, suggesting that the majority of holders at the current market price could make a profit if they decided to sell their tokens.
On the other hand, around 38% of addresses record losses, while the 8.5% Remaining is at a break-even point, without obtaining profits or losses.
However, a worrying trend is observed in the activity of the PEPE network in the last week
There has been a decrease of 30% in the creation of new addresses and a 26% decrease in the number of active addresses.
This indicates a notable decline in participation and transactions within the network, which could raise questions about its short-term dynamism.
Despite this drop in activity, the growth of the network has been constant although slow.
In the last 30 days, around 147,000 addresses with PEPE balance have been added, which points to a gradual increase in users or investors interested in this meme currency.
The predominant sentiment in the Telegram community towards PEPE is mostly positive.
Recent messages reflect an overwhelming positive bias, with 679 positive messages contrasted with just 4 negative messages in the last seven days.
However, one of the most notable aspects is the concentration of the supply of PEPE tokens in the hands of large investors, the so-called whales.
About 42% of the tokens are held by these whale addresses, while another 26% belongs to other major investor addresses.
This leaves a fraction of approximately 32.4% for retail investors, underscoring the significant influence these large holders have on the Pepe Coin ecosystem.
