Bitcoin, Ethereum, Meme Coins Shine With Higher Percentage of Profitable Holders
Data suggest that profits are heavily focused on large-cap tokens and meme coins, while altcoins have taken a backseat.
The market may have lacked luster, but investors are comfortably sitting on substantial piles of profit. According to the latest findings by IntoTheBlock, Bitcoin (BTC) leads the pack with 89.11% of its holders currently in profit. This demonstrates its continued dominance in the market despite the launch of various new tokens in recent years.
Following closely, Ethereum (ETH) boasts 83.19% of its holders in profit. This reflects Ethereum's strong performance and could be further boosted by the potential introduction of a spot Ethereum ETF after the US Securities and Exchange Commission (SEC) approved applications from several issuers.
Meme Coins Leading the Rally
Meme coins have led massive rallies this year, capturing a significant chunk of the profit chart. Leading the pack are Pepe (PEPE) and Floki (FLOKI), with 80.57% and 76.85% in profits, respectively.
The OG meme coin, Dogecoin (DOGE), and the newly launched Jasmycoin (JASMY) trail closely, with investors seeing 74.99% and 72.18% profits, respectively.
Besides meme coins, other popular cryptocurrencies also show a high percentage of holders in profit, including 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.”
