FLOKI and PEPE Pick Up Momentum Ahead of Upcoming ETH ETF Launch

• Floki and Pepe rallied exceptionally in the first half of 2024.
• Floki gained 1,228% while Pepe gained 2,006% in H1 2024.
• Traders expect the memecoins’ rally to continue after the ETH ETF launch

Bloomberg’s senior ETF analyst, Eric Balchunas, recently posted that the ETH ETF will launch on July 23, less than a week away. Following his signal, crypto users have turned their attention to Ethereum and the altcoins within its ecosystem, including Floki and Pepe. The question among most of them is whether the two memecoins will continue their impressive form after the ETH ETF launch.

Update: Nate's instincts were right, hearing SEC finally gotten back to issuers today, asking them to return FINAL S-1s on Wed (incl fees) and then request effectiveness on Monday after close for a TUESDAY 7/23 LAUNCH. This is provided no unforeseeable last min issues of course! https://t.co/D21FD9Qf94

— Eric Balchunas (@EricBalchunas) July 15, 2024

The memecoins Floki Inu and Pepe are at the forefront of their sector of the crypto industry in the current bull market. Both Ethereum-based memecoins have performed exceptionally well, rallying significantly in the first half of 2024…

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