{"id":12817,"date":"2024-05-31T01:10:50","date_gmt":"2024-05-31T01:10:50","guid":{"rendered":"https:\/\/www.bitrabo.com\/discover\/pepe-crashes-15-exits-out-of-top-20-crypto-list\/"},"modified":"2024-05-31T01:12:00","modified_gmt":"2024-05-31T01:12:00","slug":"pepes-drop-leads-to-exit-from-top-20-crypto-list","status":"publish","type":"post","link":"https:\/\/www.bitrabo.com\/discover\/pepes-drop-leads-to-exit-from-top-20-crypto-list\/","title":{"rendered":"Pepe&#8217;s Drop Leads to Exit From Top 20 Crypto List"},"content":{"rendered":"\n<p>Pepe (PEPE) experienced a 15% decline recently, causing Litecoin (LTC) to surpass it in market capitalization, pushing PEPE out of the top 20 cryptocurrencies list.<\/p>\n<h2>PEPE\u2019s Bullish Run Ends With a 15% Drawdown<\/h2>\n<p>PEPE had a strong performance in May, with a significant price increase, but it faced a drawdown in the latter part of the month.<\/p>\n<p>The chart below illustrates the performance of PEPE over the past month.<\/p>\n<p><\/p>\n<p>Starting the month at approximately $0.0000061, PEPE almost tripled in value, reaching over $0.0000170. However, it has since dropped to around 0.0000143, a decline of more than 15% from its peak.<\/p>\n<p>At one point, the price fell below $0.0000132, but has since recovered slightly. The future of this recovery remains uncertain.<\/p>\n<p>Despite the recent decline, early investors in the month would still be holding profits of over 134%, as shown in the chart.<\/p>\n<p>The drop in price has caused PEPE to fall out of the top 20 cryptocurrencies by market cap.<\/p>\n<p><img fetchpriority=\"high\" decoding=\"async\" class=\"alignnone wp-image-302903 size-large aligncenter\" src=\"https:\/\/www.bitrabo.com\/discover\/wp-content\/uploads\/2024\/05\/PEPE-Crashes-15-Exits-Out-Of-Top-20-Crypto-List.png\" alt=\"PEPE Market Cap\" width=\"980\" height=\"386\" data-recalc-dims=\"1\" \/><\/p>\n<p>Previously competing with Polygon (MATIC), PEPE is now ranked 21st in terms of market cap. However, a small gap separates it from Litecoin in 20th place, indicating a potential re-entry into the top 20 with a continued rebound.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"PEPE_Tops_Memecoin_Profitability_Despite_Recent_Decline\"><\/span>PEPE Tops Memecoin Profitability Despite Recent Decline<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Although PEPE saw a setback in its rally, data from IntoTheBlock suggests that it remains the most profitable memecoin in terms of the percentage of holders with unrealized profits.<\/p>\n<p>The chart below displays this metric for major memecoins over the past year.<\/p>\n<p><img decoding=\"async\" class=\"alignnone aligncenter\" src=\"https:\/\/www.bitrabo.com\/discover\/wp-content\/uploads\/2024\/05\/1717117850_399_PEPE-Crashes-15-Exits-Out-Of-Top-20-Crypto-List.png\" alt=\"PEPE Profitability\" width=\"893\" height=\"497\" loading=\"lazy\" \/><\/p>\n<p>With a holder profitability ratio exceeding 90%, PEPE leads in this metric compared to other memecoins like Dogecoin (DOGE) and Shiba Inu (SHIB).<\/p>\n<p>The high profitability ratio can lead to selloffs as investors seek to capitalize on their gains, potentially contributing to the recent price decline.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Pepe (PEPE) experienced a 15% decline recently, causing Litecoin (LTC) to surpass it in market capitalization, pushing PEPE out of the top 20 cryptocurrencies list. PEPE\u2019s Bullish Run Ends With a 15% Drawdown PEPE had a strong performance in May, with a significant price increase, but it faced a drawdown in the latter part of [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":12818,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"slim_seo":{"title":"Pepe's Drop Leads to Exit From Top 20 Crypto List - Bitrabo","description":"Pepe (PEPE) experienced a 15% decline recently, causing Litecoin (LTC) to surpass it in market capitalization, pushing PEPE out of the top 20 cryptocurrencies l"},"footnotes":""},"categories":[316],"tags":[3239,504,978,901,1615,889],"class_list":["post-12817","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-news","tag-crashes","tag-crypto","tag-exits","tag-list","tag-pepe","tag-top"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/posts\/12817","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/comments?post=12817"}],"version-history":[{"count":0,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/posts\/12817\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/media\/12818"}],"wp:attachment":[{"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/media?parent=12817"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/categories?post=12817"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/tags?post=12817"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}