Can PEPE Build On Its 60% Rise? Here’s What On-Chain Data Says

PEPE has observed an impressive 60% rally recently. Here’s what on-chain data says regarding whether this rise can continue.
PEPE Has Seen Some On-Chain Metrics Light Up Recently
In a new post on X, the market intelligence platform IntoTheBlock has discussed how PEPE is looking in terms of its on-chain indicators currently. The first metric of interest here is the profit/loss breakdown of the memecoin’s user base.
As displayed above, about 35% of the holders/addresses of the cryptocu