Most of the investors who bought meme coins were Dogecoin (doge), Shiba Inu (shiv) and Pepe (pepe) continues to maintain gains despite the correction sweeping the crypto market, according to analysis firm IntoTheBlock.
Following Bitcoin (BTC) Correction from last week's $72,750 to a low of $61,079, data from IntoTheBlock show 85% of DOGE holders are still profitable.
Meanwhile, more than half of SHIB owners, or 62%, are enjoying profits. Only 36% of them have negative returns, and 2% of them have neither profits nor losses.
Among PEPE holders, 69% are profitable, 28% are underwater, and 3% are at breakeven.
Dogecoin is currently trading at $0.16, up 6.42% in the past 24 hours. SHIB is currently trading at $0.000022, up 6.22%, and PEPE is trading at $0.000005, up 6.23%.
Outside of the memecoin sector, many investors, including Cardano holders, have suffered losses (ADA), polygon (Matic) and Litecoin (LTC).
According to IntoTheBlock, only 39% of ADA holders make a profit, while 55% make a loss and 6% break even. Of MATIC's owners, 14% are in the green area, 80% are in the red, and 6% have neither gained nor lost money.
As for Litecoin investors, 37% have made profits, 49% have losses, and 14% have broken even.
Cardano is currently trading at $0.46, up 4.69%. Polygon is currently worth $0.70, up 8.76%, while Litecoin is trading at $79.05, up 2.86%.
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