Bitcoin, Ethereum and Meme coins shine with a higher percentage of profitable holders

The market may have been lackluster, but investors are sitting comfortably on big piles of profits.

The data suggests that profits are heavily focused on 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, thus demonstrating its continued dominance in the market despite the launch of a large number of different types of tokens in recent years.

Next in line is Ethereum (ETH), which has 83.19% of its holders in profit, reflecting its strong performance, which could be further strengthened by the possible introduction of spot Ethereum ETFs after the US Securities and Exchange Commission (SEC) gave the green light to the applications. from several issuers.

Meme coins have sparked massive rallies this year, so it’s no surprise that these tokens have captured a large portion of the chart. At the top are Pepe (PEPE) and Floki (FLOKI), with 80.57% and 76.85% profits, respectively.

Meanwhile, the OG meme coin Dogecoin (DOGE) and the newly launched Jasmycoin (JASMY) lagged far behind, with investors taking profits of 74.99% and 72.18%, respectively.

In addition to 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 waiting for their breakthrough moment.”

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