PEPE & Other Memecoins Losing On-Chain Steam, Analytics Firm Says
The market intelligence platform IntoTheBlock has revealed how Pepe & other memecoins are currently going through a decline in on-chain activity. Pepe Has Seen A Notable Drop In Active Addresses Recently In a new post on X, IntoTheBlock has talked about how the smaller tokens and memecoins in the cryptocurrency sector have compared against the […]
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This is the year of memecoins. Popular meme coins like DOGE, BONK, Pepe and FLOKI have managed to garner a lot of attention. Even newer memecoins such as Wall Street Pepe and Flockerz have also left a mark in the market in just a few days. Overall, it was a good year for meme coins […]
Data shows the Dogecoin Open Interest has seen a large drop recently. Here’s how the trend has compared for Shiba Inu and other memecoins. Dogecoin Has Witnessed A Decline In Open Interest Recently In a new post on X, the analytics firm Glassnode has discussed about the latest trend in the Open Interest for the various memecoins in the cryptocurrency sector. The “Open Interest” here refers to an indicator that keeps track of the total amount of positions related to a given asset currently open on all derivatives exchanges. Related Reading: Bitcoin RHODL Momentum Slowing....
On-chain data shows PEPE and FET are among altcoins that have seen a sharp growth in their addresses recently, a sign that may be bullish. PEPE, FET, & ENS Have Enjoyed Sharp Network Growth Recently According to data from the on-chain analytics firm Santiment, three altcoins have seen a sudden spike in their Network Growth. […]
On-chain data shows the percentage of the PEPE investors currently in the green has fallen to 69% after the 26% plunge the memecoin has seen in the past week. 69% Of All PEPE Addresses Are Carrying Some Gains Right Now In a new post on X, the market intelligence platform IntoTheBlock has posted an update on how the investor profitability is looking for the memecoin PEPE currently. Related Reading: Bitcoin Long-Term Holders Slow Down After 700,000 BTC Selloff, Reversal Sign? The analytics firm’s metric gauges whether a holder is in profit or not by reviewing their address’s....
In his latest YouTube video titled “Turn $1,000 into $100,000 With Meme Coins in 45 Days! [I’m Buying These Memes Now],” Miles Deutscher provides an analysis of the current memecoin landscape where he lists specific coins that he believes are poised for substantial growth. Deutscher contextualized the current market environment, stating, “altcoins are now breaking out of a key resistance level on the weekly, absolutely flying specifically the meme coins.” He attributes this surge to the memecoin supercycle, driven by increased retail participation and....