TL;DR

DOGE and PEPE are among the meme coins whose holders are predominantly in the green. SHIB is in the opposite corner with over 50% of its investors sitting on some paper losses.

DOGE Leads the Pack

The meme coin sector witnessed a huge resurgence earlier this year, with its market capitalization surpassing $60 billion. Despite retracing to the current $40 billion, the niche is still full of tokens that have brought numerous traders some profits (at least on paper).

IntoTheBlock data shows that Dogecoin (DOGE) the biggest meme coin ranks first in that ranking. Over 72% of its holders are currently in the green, while 25% are underwater. DOGE is among the cryptocurrencies that are predominantly held for the long term. The latest figures show that 67% have hopped on the bandwagon over a year ago, with only 2% doing so in the past month.

Next in line is another dog-themed asset Floki Inu (FLOKI). Approximately 70% of its investors are sitting on paper profits, whereas 27% are recording some losses. 

Third place belongs to Mog Coin (MOG), with 61% of the holders currently in the money. It has been among the best-performing cat-related meme coins, climbing the crypto ladder in the past few months. Currently, MOGs market cap is over $500 million, making it the 125th biggest in the entire industry.

Pepe (PEPE) is fourth, with around 56% of the holders witnessing an increase in their initial investments. The frog-themed token has been one of the sensations of this bull cycle, hitting a new all-time high price in late May. Since then, though, PEPE has retraced by roughly 50%.

What About SHIB?

The second-largest meme coin experienced a significant price increase in March this year, making over 63% of its holders profitable. However, the subsequent decline in the following months has changed the situation. Currently, 46% of the SHIB investors are in the green, while more than 50% are underwater.

Other meme coins whose holders are predominantly in the red include Bone (BONE), Coq Inu (COQ), Dogelon Mars (ELON), and MAGA (TRUMP). The Donald Trump-themed token is down over 80% from its peak registered in June, with nearly 87% of its investors sitting on some paper losses.