Thanks to a significant price rally over the past month, Pepe (PEPE) has emerged as the most profitable token among leading meme coins. According to data from IntoTheBlock, over 96% of PEPE holders are currently in profit due to the asset’s 91% price increase in the past month. The meme coin reached an all-time high (ATH) of $0.00001718 on May 27, driven by a bullish market trend.

PEPE’s impressive 90% return this month has resulted in over 96% of its holders being in profit. This positions $PEPE as the most profitable among major meme coins.

Despite this, IntoTheBlock’s data shows that PEPE experienced a 12% decline in the past 24 hours. At the time of writing, the meme coin is trading at $0.00001333. Pepe’s market cap stands at $5.6 billion, making it the 21st-largest digital currency.

PEPE price, RSI, and exchange activity – May 30 | Source: Santiment

FLOKI remains the second most profitable meme coin, with approximately 89% of its holders seeing returns, according to IntoTheBlock’s chart.

PEPE has decreased by 21.5% from its ATH, which is a smaller drop compared to Dogecoin (DOGE) and Shiba Inu (SHIB), which have seen declines of 78.5% and 70.5% from their ATHs, respectively.

Santiment data reveals that PEPE’s exchange inflow and outflow have been declining over the past three days. Around 4.31 trillion PEPE tokens have entered exchanges, while 4 trillion coins have left, resulting in a net inflow of approximately 310 billion PEPE tokens.

This trend might indicate that some holders are experiencing FUD (fear, uncertainty, and doubt) due to the market-wide bearish momentum.

Moreover, the PEPE Relative Strength Index (RSI) has decreased from 77 to 67 over the past three days, according to Santiment data. This movement suggests that the meme coin is still overbought but is heading toward its consolidation zone. An RSI below 50 could indicate a potential steady price increase for Pepe.

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