Dogecoin has been making profits for up to 42% of its owners amid the recent market turmoil, while Shiba Inu and PEPE are making profits by 11% and 21% respectively.

This is according to the latest data in a recent report from the blockchain analytics platform IntoTheBlock on X (formerly Twitter). IntoTheBlock aimed to compare the current profitability of various meme assets in the midst of the recent market carnage.

#Dogecoin

october december. October Dec. Data from the accompanying infographics shows that Dogecoin (DOGE), the leading meme coin, has the most profit holders among meme coins. In particular, 42% of asset owners see a profit on their investments.

It is worth noting that the Doge is currently 91.66% below the all-time high of $ 0.7376 in May 2021. Since the collapse of Ath, DOGE has failed to register significant price increases.

As a result, new investors bought the asset at fairly low prices, contributing to a high proportion of those who made a profit. For example, more than 514,000 addresses purchased 3.05 billion DOGE at an average price of US $ 0.00258.

#Shibainu and Leash

Despite the continuous development in the Shiba Inu ecosystem, SHIB records one of the lowest investor loss rates. IntoTheBlock data reveals that only 11% of Shiba Inu investors make a profit on their assets.

This data shows that most of the addresses with shib bought the asset at a higher price than the price at which it was traded. This trend is due to the recent volatility of the SHIB; the asset continues to register significant increases and shocking decreases.

The Shiba Inu ecosystem token Doge Killer (LEASH) is witnessing an even more impressive profitability rate, with 19% of its holders making a profit. The COLLAR ranks behind Dog Decoin and Pepe, but the meme ranks third among coins in this metric.

#PEPE

Although newcomer PEPE outperforms shib in this category, it lags behind Dogecoin. According to Intotheblock, 21% of PEPE investors make a profit.

Despite Pepe's recent arrival on the scene, the number of PEPE owners profiting from their investments has shown a serious decline in recent months. The asset is down 84% from its ath just four months ago due to a drop in social excitement.

Whale Concentration

IntoTheBlock also shared data on whale concentration for the assessed markers. According to this metric, the lesser-known memecoin DogelonMars (ELON) occupies the top spot, holding 75% of its supply in the hands of whales.

Shiba Inu sees a whale density of 63%, where whale addresses are only 11. The data shows that these addresses host 613.77 trillion SHIB. Note that ITB also accepts the write address as a whale wallet. By the way, the whale concentration of LEASH is 42%. Dec.Range

Shiba Inu whale concentration

Shiba Inu Whale Concentration / To the Block

IntoTheBlock considers addresses that hold more than 1% of the supply to be whales. Only 44% of the Dogecoin supply is held by whales, while up to 49% of the PEPE supply consists of whale addresses. #crypto2023