DOOKV PEPE Surges 28% Hits New High as ETH Rises on ETF Approval

Crypto trader Matthew Hyland noted PEPE as the top memecoin play for ETH ETF, reflecting market optimism, while “Kaleo” humorously linked ETH’s movement to PEPE’s success as an obvious trade.

Ether itself surged 21.15% in two days to $3,801, fueled by hopes of SEC approval for Ether ETFs before the May 23 deadline, surprising analysts and the crypto community.

While PEPE led the top 10 memecoins in price growth, other memecoins like BONK (BONK), Floki (FLOKI), and Book of Memes (BOME) also witnessed significant price surges over the past week, showcasing a bullish sentiment across the memecoin market.