“The price of the Pepe token soared for the second day in a row, reaching $0.0000095, which is 25% above this month’s low. This happened on a wave of optimism in the crypto industry after encouraging inflation data.
- Pepe's rise is mainly driven by the rise of Bitcoin, which rose above $59,000.
- The token is growing amid high trading volume, indicating continued demand among traders and investors.
- Some traders believe that Pepe price has more potential to rise.
- At the same time, some “whales” continue to buy Pepe, hoping for a price rebound.
All this comes against the backdrop of possible SEC approval of Ethereum ETFs in the near future."