Pepe (PEPE) Soars to All-Time High as Traders Eye Ethereum ETF Approval
- Pepe (PEPE) surges 25% in 24 hours, spurred by Ethereum ETF optimism.
- PEPE open interest jumps 39%, signaling strong market confidence.
- Ethereum’s rise to $3,841 boosts Pepe to new market highs.
Pepe’s (PEPE) recent bullish momentum in the last 24 hours has been strong, leading to a price surge of over 25% hitting a new all-time high of $0.00001422. The significant increase is primarily attributed to the renewed hopes around the approval of spot Ether ETFs in the United States, which has positively impacted several cryptocurrencies built on the Ethereum blockchain, including meme coins like Pepe.
PEPE/USD 24-hour price chart (source: CoinMarketCap)
Pepe Market Sentiment
According to CoinMarketCap, Pepe is currently trading at $0.00001387, marking a 25% increase in the last 24 hours. Concurrently, PEPE’s market capitalization and 24-hour trading volume surged by 23% and 89% reaching $5.79B and $4.44B.This rise in trading volume indicates a heightened market interest and confidence in the coin’s future performance.
Open interest in Pepe, which represents the total number of outstanding futures contracts that have no…
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