“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."