According to Reuters: The U.S. Securities and Exchange Commission (SEC) may be poised to approve Ether exchange-traded funds (ETFs). Aas per four sources familiar with the process, the SEC asked exchanges such as Nasdaq, CBOE, and NYSE to refine their applications for spot Ether ETFs. This unprecedented move comes as a surprise to an industry braced for rejection.

Ether's price soared by as much as 18% on Monday due to this development and was up another 8.6% at $3,802 late Tuesday morning.

The SEC is expected to make a decision on applications to list Ether ETFs by VanEck and ARK Investments/21Shares — submitted via CBOE — by the end of this week. Although there was initially no engagement between the SEC, exchanges, and issuers on the application specifics, the regulator's recent request for updates indicates potential approval.

Despite growing optimism, these issuers still need SEC approval on the ETF registration statements before trading can commence. There's no set time frame for this, meaning Ether ETFs may take several months to begin trading.

The SEC's move represents a potential triumph for the cryptocurrency industry, given the regulator's historical hesitance amid concerns around market manipulation, especially overseen by crypto skeptic, Gary Gensler. The first Ether ETF applications were filed after the SEC approved ETFs tied to Ether futures in October, but rejection was expected due to discouraging encounters with the regulator. Last year, however, the SEC was compelled to approve Bitcoin ETFs following a successful court challenge by Grayscale Investments. This paved the way for significant buying interest, with two new Bitcoin funds attracting over $1 billion in assets within the first week.

Pepe Coin (PEPE) is back in the spotlight after doubling its value in just a week, catching the attention of the crypto community. This impressive rally has left many investors wondering if this meme coin has what it takes to continue its upward trajectory. Let’s dive into the factors driving PEPE’s recent surge and explore what the future might hold for this viral token.
What’s Behind the Recent PEPE Surge?
1. Renewed Meme Coin Hype 🐕🔥
The entire meme coin market, led by tokens like Dogecoin and Shiba Inu, has seen renewed interest, with PEPE riding the wave of enthusiasm. The meme culture surrounding these coins continues to attract new investors looking for the next big opportunity.
2. Increased Trading Volume & Market Activity 📈📊
Pepe Coin’s recent price surge is accompanied by a significant increase in trading volume. The token’s sudden price movement has attracted day traders and short-term investors looking to capitalize on the momentum.
3. Whale Accumulation & Strategic Buys 🐋💸
On-chain data indicates that large holders, or "whales," have been accumulating PEPE, which has contributed to the recent price spike. This could be a bullish sign, suggesting that influential investors are confident in its potential.
📈 Pepe Coin Price Predictions for 2024 & 2025
- Short-Term (End of 2024): With the current bullish sentiment, some analysts believe PEPE could see another leg up, potentially reaching new local highs if market conditions remain favorable.
- Mid-Term (2025): As the broader crypto market enters a potential bull run, PEPE might benefit from increased liquidity and investor interest. Some predictions suggest a target range of $0.000025 to $0.00040 if meme coin hype persists.
👇👇👇
$PEPE
- Long-Term (2025): If PEPE manages to solidify its position as a top meme coin and maintains community support, a long-term target could be as high as $0.00050 to $0.001. However, this would depend on sustained adoption, market trends, and overall sentiment.
🧐 Is PEPE a Good Investment?
Investing in meme coins like Pepe Coin comes with its own set of risks and rewards:
- Pros:
- High potential for short-term gains due to market volatility.
- Strong community support can drive momentum and adoption.

- Cons:
- Extremely volatile and speculative nature.
- Lacks intrinsic value compared to utility-focused projects.
🚨 Final Thoughts: Should You Buy PEPE Now?
Pepe Coin’s rapid price surge shows that it remains a force in the meme coin market. However, as with any investment, especially in the highly volatile world of meme coins, it's crucial to proceed with caution. If you’re considering adding PEPE to your portfolio, ensure it aligns with your risk tolerance and investment strategy.
#pepe⚡ #PEPEATH #PEPE市值超越LTC #PEPE_EXPERT #SuperMacho

-- An unknown major trader $PEPE
earned more than $61 million from $26 investments against the background of a jump in the memcoin exchange rate.
-- However, the address where the tokens are stored has been blocked by the developers.
-- This means that he cannot withdraw or sell these assets.

An unknown user earned about $61.5 million from the Pepe Coin (PEPE) #exchange rate jump, according to Lookonchain. In 24 hours, the asset's exchange rate increased by more than 76%.

Experts noted that the user purchased 2.52 trillion PEPE for 0.013 $ETH
(about $26 at that time) in April 2023. Against the background of the memcoin rally, the driver of which was the jump in the bitcoin exchange rate on November 13, this volume of tokens is now estimated at $61.5 million.

The price of PEPE has increased by 76.4% in the last 24 hours, according to CoinMarketCap. At the time of writing, memcoin is trading at $0.0000226.

It is noteworthy that the specified 2.52 trillion PEPE arrived at the user's address at the stage of the token's entry into the market. This may mean that he is associated with the project team or supported it.

Lookonchain experts pointed out that the address with memcoins is on the blacklist of developers. According to the publication, because of this, the holder cannot sell his assets.

This is not the first such case. In particular, in May 2023, on the Reddit site, users discussed blocking an address with PEPE for allegedly $ 4 million. A similar function was incorporated into the smart contract of the project.
#PEPEATH

Earlier, on November 13, the Coinbase crypto exchange added $PEPE
to the spot market #listing . In response to the news, the price has soared by 75% in the last 24 hours

The addition of the popular PEPE memcoin to the Coinbase listing seems to be an inspiring event for token holders. However, the on-chain analysis warns that soon the coin may lose some of the points gained.

Pepe owners lock in profits after growth

The day before, the post of Coinbase Chief legal Officer Paul Greuel on the X platform made it clear to the markets that the exchange would add PEPE to the listing.

"You've wanted a frog for a long time. Well, you'll get it soon. Coinbase is adding PEPE to our listing roadmap with the aim of adding it to the platform later today. Thank you for your patience," Greuel wrote.

Coinbase also confirmed the information around the same time, and, as expected, officially added memcoin to the listing on the same day. The announcement coincided with Robinhood's decision to add memcoin to its platform. In the end, all this boosted PEPE to $0.000022.

The price jump led to the fact that the volume of profitable transactions reached $53.14 trillion, and the amount of profit-taking amounted to about $1.16 billion. Usually, an increase in this indicator indicates sales pressure. Therefore, it is likely that the token will decrease in the near future.

At the moment, profit-taking has weakened, but the relative strength index (RSI) still promises a short-term decline in the price. Its values range from 0 to 100 and help you understand when an asset is overbought or oversold. If the RSI exceeds 70, it may mean that the asset is overvalued and a correction may be required. If it is below 30, it may signal a possible price recovery.

As can be seen in the graph below, after PEPE's listing on Coinbase, its indicators significantly exceeded the acceptable overbought values. Therefore, the price is likely to make a correction.

PEPE forecast: a possible decline is on the horizon

On the daily chart, the token reached a new historical high at $0.000023. There are no resistance levels above, but the overbought condition hints at a possible price decline.

If this happens, PEPE risks falling to $0.000019, where the Fibonacci level of 23.6% correction is located. If profit-taking increases after the token appears on Coinbase, the price may drop to $0.000015.

On the other hand, if the buying pressure increases, memcoin may rally to $0.000026.
#PEPEATH

A new record has been reached by the Pepe network, according to on-chain statistics, after a recent spike in the number of active addresses.

Over 20,500 PEPE Active Addresses Were Sent This Week!

Data from IntoTheBlock, a market intelligence company, shows that Pepe's Daily Active Addresses have lately increased. The "Daily Active Addresses" is a measure that is kept on the blockchain that counts the amount of addresses that are involved in some kind of network transaction activity every day.

As one would expect from such an indication, it counts both senders and recipients. Furthermore, it just considers the unique count of these addresses, therefore wallets with a higher transaction volume nevertheless contribute an equal amount to its value.

An increase in the Daily Active Addresses indicates that there are a lot of people transferring funds on the blockchain at the moment. Investors seem to have a lot of interest in trading this currency based on this pattern. Conversely, a low indication suggests that few traders are actively engaging with the bitcoin market, which might mean that they aren't paying much attention to it at the moment.

The PEPE Daily Active Addresses had a huge jump this week, surpassing the record established in the first quarter of the year, as seen in the graph above. More than 20,500 addresses were using the memecoin network when this increase was at its highest.

This surge in cryptocurrency activity comes after the price of the asset had a 96% surge in the previous week. Investors are more active than normal since they find such quick price activity intriguing, therefore the pattern isn't unique.

Actually, a spike in interest is often necessary for a run like this to be successful, as the fuel that movements like this need can only be provided by a large number of people.

Also, when there's too much buzz about a certain item, the price can reach a ceiling instead of a bottom. The sharp increase in daily active addresses recently may be a sign that investors are experiencing FOMO, or fear of missing out.

Social Dominance, which shows us what proportion of all cryptocurrency talks on social media include the memecoin, is another statistic that sheds light on the user interest in Pepe. In an X post, the analytics company Santiment noted that the currency is leading in this statistic.

PEPE's Dominance in Society

The asset's run might be in jeopardy if this is just another sign of FOMO. With PEPE's 9% drop in the last day, the negative influence could have already begun.

#PEPEATH #PEPE #NextMarketMoves $PEPE