Pepe surges more than 70% this week, momentum continues

Pepe surged more than 70% this week, outperforming the broader market on the back of news of an Ethereum ETF, while Dogeverse has gained traction with its multi-chain approach.

This week, Pepe has surged more than 70%, outperforming the overall cryptocurrency market.

So is this meme coin expected to continue to rise, or is it losing momentum?

The SEC's green light for Ethereum spot trading has made Pepe's recent parabolic rise.

The frog-themed meme coin is currently up 14% today, 79% this week, and 183% this month.

Its market cap is $7.1 billion.

However, this momentum will continue.

Based on its market cap, Pepe is the third-largest memecoin and the 18th-largest cryptocurrency. However, its trading volume makes it the largest memecoin and the seventh-largest cryptocurrency.

This difference in market cap and trading volume reflects people's unwavering interest in Pepe, which has recently been thrust into the spotlight by the Ethereum spot ETF.

After the ETF was approved on May 23, Pepe immediately began to outperform other Ethereum ecosystem tokens. #PEPE创历史新高 #memecoin🚀🚀🚀