The on-chain analytics firm Santiment has analyzed the profitability of the three biggest memecoins - Dogecoin (DOGE), Shiba Inu (SHIB), and Pepe. They used the Market Value to Realized Value (MVRV) Ratio Intraday to determine the profit/loss status of investors. For Dogecoin, the MVRV Intraday for the 30-day investors is slightly in the green at 1.7%, while the 365-day investors are almost 21% underwater. Shiba Inu investors are at a slight loss of 1% for the 30-day period and over 31% below for the 365-day period. On the other hand, Pepe's long-term holders are seeing gains of almost 24%, while the monthly investors are down 0.8%. This indicates that there may still be some profit for patient traders to wait for before a clear buy signal.



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