Memecoins
Bitcoin, Ethereum and Meme Coins shine with a higher percentage of profitable holders
The market may have lacked luster, but investors have substantial profits.
Data suggests that profits are heavily concentrated in large-cap tokens and meme coins, while altcoins have taken a back seat.
The latest findings from IntoTheBlock revealed that Bitcoin (BTC) leads the pack with 89.11% of its holders currently in profit, demonstrating its continued dominance in the market despite the launch of a multitude of different token types in recent years.
Next is Ethereum (ETH), with 83.19% of its holders making profits, reflecting its strong performance, which could be further boosted by the potential introduction of the Ethereum spot ETF after the Securities and Exchange Commission (SEC) of the United States has given the green light to the applications. of several transmitters.
Meme coins have led massive rallies this year, so it’s no surprise that these tokens have captured a large portion of the chart. In the lead are Pepe (PEPE) and Floki (FLOKI), with 80.57% and 76.85% profits respectively.
Meanwhile, the OG meme coin, Dogecoin (DOGE), and the new Jasmycoin (JASMY) were laggards, with investors sitting at 74.99% and 72.18%, respectively.
Besides meme coins, other popular cryptocurrencies with a high percentage of profit holders include Tron (TRX), Ondo (ONDO), Maker (MKR), and Bitcoin Cash (BCH), with profits of 82.07%. , 75.61%, 75.45%. , and 72.54%, respectively.
“This suggests that substantial profits are concentrated in large caps and memecoins, while other altcoins are still awaiting their breakthrough moment.”