PEPE Meme Coin Skyrockets to New ATH as Investors Eye Ether ETF Approval
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: May 22 2024- PEPE Meme Coin Surge: PEPE, an Ethereum-based meme coin, hit a record high of $0.00001422 with a 26% surge in 24 hours on May 22nd.
- Spot Ether ETF Enthusiasm: Expectations of a spot Ether ETF approval have driven excitement and price increases in meme coins like PEPE.
- Meme Coin Market Growth: The meme coin sector has reached a $61 billion market cap with over $13 billion in daily trading volume.
- PEPE Performance: PEPE has seen significant growth, reaching a new all-time high after a 120% surge in the past month, with predictions of further doubling or tripling in value.
- Regulatory Impact on Market: Regulatory developments hinting at a spot Ether ETF approval by the SEC have influenced market speculation and price movements.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
