Meme coin Pepe PEPE/USD rocketed 50% in value over the course of just one day, enjoying a 200% rise over the past week.

The frog-themed digital asset saw its ascent begin on Feb. 26. It captured the attention of investors with a trading volume surpassing $1.9 billion.

At last check on Wednesday, Feb. 28, Pepe was trading at $0.000003241. The on-chain data has unveiled a surge in active wallet addresses and whale transactions, signaling a robust interest in Pepe.

Six wallets capitalized on this rally, according to Lookonchain. They sold 1.98 trillion Pepe’s for a profit of $2 million.

Among these, one wallet notably turned a 97% profit in just six hours after depositing $1.4 million worth of…

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