Pepe Coin Leaps 23%, Whale Wallet Profits $1.3M In 3 Days: $69B Market Cap Next?

Meme coin Pepe (CRYPTO: PEPE) 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 Pepe on Binance.

The crypto community has taken to social media to share their excitement and predictions. @pepecoineth playfully invited users to embrace the "frog pill" and explore the depths of the crypto rabbit hole. James Wynn boldly predicts Pepe's market cap could reach between $69 billion to $420 billion, challenging holders to stay the course through volatility.

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The Frog Squat Club celebrated their mint party success, while @osf_rekt acknowledged Pepe's entry into the meme coin elite alongside DOGE (CRYPTO: DOGE) and SHIB (CRYPTO: SHIB).

Captain Pepe announced a significant increase in Pepe holders, further fueling the enthusiasm surrounding the coin's performance.

With the crypto market witnessing this surge in meme coin popularity, Pepe stands at the precipice of potentially reaching new all-time highs.

The community's vibrant engagement and speculative interest suggest that Pepe's journey is far from over, with many eyes closely watching its next moves.

Price Action: Pepe is currently trading at $0.0₀₀₀₀3214, up about 50% over the last 24 hours.

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