Pepe (PEPE), the latest sensation in the meme coin market, has recently become the most profitable token among its peers, thanks to an extraordinary price rally over the past month. According to data from IntoTheBlock, a staggering 96% of PEPE holders are currently enjoying profits, driven by the token's remarkable 91% price surge within the last month.

The meme coin reached an all-time high (ATH) of $0.00001718 on May 27, buoyed by the overall bullish sentiment in the market. However, despite this achievement, PEPE experienced a 12% decline over the past 24 hours and is now trading at $0.00001333. The coin's market capitalization currently stands at $5.6 billion, positioning it as the 21st-largest digital currency.

Comparatively, FLOKI ranks as the second most profitable meme coin, with approximately 89% of its holders in profit, as indicated by IntoTheBlock’s data.

Despite PEPE's recent drop, it remains down only 21.5% from its ATH, which is significantly less than the declines seen by Dogecoin (DOGE) and Shiba Inu (SHIB), which have plunged 78.5% and 70.5% from their respective ATHs.

Data from Santiment reveals a constant decline in PEPE’s exchange inflow and outflow over the past three days. Approximately 4.31 trillion PEPE tokens have moved into exchanges, while 4 trillion tokens have exited, resulting in a net inflow of around 310 billion tokens. This activity suggests that some investors might be experiencing fear, uncertainty, and doubt (FUD) due to the broader bearish trend in the market.

Additionally, Santiment’s data indicates that PEPE’s Relative Strength Index (RSI) has decreased from 77 to 67 over the past three days. This trend points to the token still being in an overbought state but moving towards a consolidation phase. An RSI below 50 would suggest a potential for a steady price increase for PEPE.

As the market continues to evolve, the performance of Pepe and other meme coins will be closely watched by investors and analysts alike.