A new data insight from respected crypto analytics platform IntoTheBlock delivers fascinating information about the market for prominent memecoins. It seems that a vast proportion of investors have suffered losses across several memecoin options. Data shows that mere 11% and 10% of Shiba Inu (SHIB) and Floki (FLOKI) holders are currently making profit respectively. WhereasDEM better fortunes are being found with Dogelon Mars (ELON) and Doge Killer (LEASH) as their profits percentages amount to 14% and 19% respectively. The figures are slightly brighter for Dogecoin (DOGE) and Pepe (PEPE) suggesting at 42% and 21% profits respectively. It looks like this cobra effect situation is having great presence in holders of Shiba Inu (SHIB) with 83% losses to their record, in spite of the launch of Shiba Inu layer-2, ShibaSwap. This same situation occurs forFloki investors who are experiencing an overwhelming 90% losses. When looking at Dogelon Mars (ELON), prices aren’t swaying as 85%of their investors are in the red too. The token views and hopes maybe rising with Dogecoin (DOGE) stemmed from its $0.06344 value and Pepe (PEPE) at $0.0000007255 but still ushering a hard time for memecoin holders.
With recorded losses of 80% amongst dbHolders ofShiba Inu (SHIB), Floki (FLOKI), Dogelon Mars (ELON) andDoge Killer (LEASH)framesmemecoin markets continuing in a downwards unsupportive slope. However the value rolls positive for the holders MittDogecoin (DOGE) and AA GT Pepe Gbp.Participants are dominating with attention to expansions and profit availability for the peculiar coins.
