💰💰💰After the SEC approved the ETF, has the trading volume of PEPE coins changed? 🔥🔥🔥
PEPE coin’s trading volume has changed following the SEC’s approval of an Ethereum spot exchange-traded fund (ETF).
PEPE coin’s trading volume increased significantly following the SEC’s approval of an Ethereum spot exchange-traded fund (ETF). On May 27, 2024, PEPE Coin’s spot and futures trading volume reached over $1.8 billion, while the more common range is $400 million to $600 million. In addition, the market value of PEPE currency has also increased and has exceeded US$7 billion, with accurate data showing that it is US$7.032 billion.
PEPE coin is one of the hottest meme coins built on the Ethereum blockchain. Like other meme coins, its value is primarily affected by attention on social media and users' perceptions of its value. Following the SEC’s approval of an Ethereum spot exchange-traded fund (ETF), investor confidence in Ethereum’s potential increased, which may have contributed to the increase in PEPE coin’s trading volume and market capitalization.
It should be noted that although the trading volume and market value of PEPE coins have increased after the SEC approved the Ethereum spot exchange-traded fund (ETF), this does not mean that the value of PEPE coins will definitely continue to rise. The cryptocurrency market is highly volatile, and investors should carefully assess risks when participating in transactions.