#🧃 Ethereum Meme Coins PEPE, MOG Hit All-Time Highs on Ether ETF Filing Approvals

🔼 Ethereum meme tokens PEPE and MOG hit record highs on Monday, fueled by the recent U.S. approval of Ether ETF filings.

🕯 The frog-themed PEPE jumped 11%, while cat-themed MOG soared 45% as traders treated them as leveraged “beta bets” on Ether’s price. Trading volumes for PEPE topped $1.8 billion. Futures data showed rising open interest, suggesting new money entering the market.

🔗 However, PEPE’s long-to-short ratio favored shorts at 54%, indicating traders betting against further price rises. Meme tokens with no inherent value have gained prominence lately as speculative plays on the growth of blockchain ecosystems like Ethereum.