97% of $PEPE Holders Are "In The Money"
What Should You Do Now?
$PEPE has been having its run for the last few days, resulting in a 40% increase in price, marking an ATH as of this writing at $0.00001433.
According to IntoTheBlock, at press time, 229,120 wallet addresses, which make up 97.30% of all PEPE holders, were “in the money.”. An "in the money" wallet is a wallet in profit.
On the other hand, there are 6,330 addresses, which make up 3% of all PEPE holders, were held at a loss. These addresses bought the meme coin when it traded above $0.000012
The Ethereum ETF decision will be released tomorrow, a market volatility will likely happen, sweeping the liquidity zone on both ends of the chart as there hasn't been any price-in action yet.
Standing against the MVRV (Market Value to Realized Value) ratio, which indicates that $PEPE is currently overvalued, investors should exercise caution and make a backup plan for their assets before the storm came.
