Summary
- Dogecoin, Shiba Inu, and Pepe have all seen slight gains on September 12th.
- Between 45% and 70% of wallet addresses holding these meme coins are currently profitable.
- The three meme coins have a significant concentration of ownership by large holders, with over 60% to 70% held by investors who control more than 1% of the circulating supply.
- Data indicates that Dogecoin and Shiba Inu are currently undervalued based on Market Value to Realized Value (MVRV) ratio.