• The worth of PEPE rose 24.83% to commerce at $0.0000120 amid a sluggish cryptocurrency market.
• The surge in Ethereum costs following the approval of the Spot ETH ETF contributed to PEPE’s rise.
• PEPE's 24-hour buying and selling quantity elevated 98% to $2.18 billion, signaling rising investor curiosity.

Pepe (PEPE) worth unexpectedly skilled a major worth enhance right this moment in the course of the present cryptocurrency market downturn.

On the time of writing, PEPE is buying and selling at $0.00001259, seeing a 24.83% surge in 24 hours.

Supply: CoinMarketCap

This surge might be partially attributed to the surge in Ethereum costs following the preliminary approval of the Spot ETH ETF. PEPE's 24-hour buying and selling quantity elevated 98% to $2.18 billion, suggesting rising investor curiosity. Given these tendencies, some analysts anticipate PEPE to rise additional if market sentiment stays sturdy.

Pepe has constantly been probably the most lively meme cash on the Ethereum blockchain. Beforehand, when the spot Ethereum ETF 19b-4 software was authorised, Pepe's worth rose 56%. ETF buying and selling is predicted to renew on July 23, and Pepe's upward development is prone to proceed.

Moreover, based on knowledge from Coinalyze, PEPE’s exchange-wide futures open curiosity (OI) elevated by 26.89% over the previous 24 hours, indicating rising investor curiosity as merchants rush to purchase the meme coin in hopes of additional income.

Notably, PEPE is buying and selling above its 200-day easy transferring common and its 200-day exponential transferring common, indicating that PEPE is sustaining increased worth ranges regardless of the current Bitcoin sell-off.

Moreover, Pepe has bucked the detrimental sentiment prevalent throughout the market and outperformed standard meme cash akin to Dogecoin (DOGE) and Shiba Inu (SHIB). Pepe's key indicators level to a really optimistic outlook, and a significant upside may very well be on the best way.