PEPE, the frog-themed meme cryptocurrency, has emerged as the most profitable among major meme coins, according to recent data from IntoTheBlock. With a staggering 90% return this month, over 96% of PEPE holders are currently in profit, making it a standout on the meme coin market. This surge has sparked controversy over Shiba Inu (SHIB)'s declining price, leaving investors questioning the future of the once-popular meme coin.

Currently, 91.59% of PEPE addresses, representing 227,990 holders, are in profit. An additional 5.32% or 13,250 addresses are at breakeven, with a current price of approximately $0.0000144 per token. However, 7,680 addresses, accounting for 3.09% of holders, are experiencing losses, having bought PEPE at prices ranging from $0.000016 to $0.000033.

In contrast, Shiba Inu (SHIB) has seen a decline in profitability, with only 63.08% of SHIB addresses, or 846,450 holders, currently in profit. A significant 32.93%, or 441,890 addresses, are in losses, with SHIB's price having fluctuated between $0.000027 and $0.000139. The remaining 3.99%, or 53,530 addresses, are at breakeven.

The contrasting fortunes of these two meme coins have also sparked significant movements on the market. Recently, Lookonchain reported a notable transaction where an investor withdrew 67 billion PEPE, valued at $1.02 million, from OKX. This same investor had previously incurred a substantial loss of $2.55 million in SHIB, having bought high during the bull market and sold at a significant loss during the bear market.

As the meme coin market continues to evolve, investors are left wondering about the future of Shiba Inu (SHIB) and whether it can regain its former popularity. Meanwhile, PEPE's meteoric rise has cemented its position as the most profitable meme coin, leaving many to speculate about its potential for continued growth. With the ever-changing landscape of cryptocurrency, only time will tell if SHIB can reclaim its spot or if PEPE will continue to reign supreme.