Ethereum Meme Coins PEPE, MOG Hit Lifetime Highs on Ether ETF Filing Approvals
Ether surged more than bitcoin over the weekend on renewed optimism for the second-largest cryptocurrency. Two Ethereum ecosystem tokens, PEPE and MOG, climbed to new highs on the back of U.S. ether ETF filings approvals, with traders treating them as beta bets.
Open interest in futures for the tokens increased, suggesting new money entering the market, though the long-to-short ratio for PEPE indicates traders are betting against further price rises. Coindesk
