#pepe2.0 PEPE price continues to rise by 11%
$PEPE continued to move forward despite the broader market slowdown.
Pepe has emerged as one of the leading experimental coins on Ethereum, decisively outperforming L1 this week. This comes after the US Securities and Exchange Commission (SEC) approved Ethereum ETFs on May 23.
While the majority of large-cap cryptocurrencies are down today, ETH has surged ahead thanks to the green light from the SEC. It is currently priced at $3.9k and is up 4.5% today.
However, Pepe, one of Ethereum's most popular cryptocurrencies, jumped 12% today and recently reached a new all-time high (ATH).
It is trading at $0.0000166, has a market capitalization of $6.9 billion and a 24-hour trading volume of $2.5 billion, up 18% today.
Pepe's value has risen by 75% this week, making it the second best performing 100 cryptocurrency by market cap. This is second only to the Ethereum Name Service, with an increase of 79%.
Given her apparent relative power, it's no surprise that Bebe has taken center stage on social media this week.
