PEPE Breaks Record After Record

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0:00 Introduction
0:06 Trump's words benefited those coins
0:51 What is needed for the rise in Ethereum...
1:18 A record came from PEPE
1:42 "More on the way in ETFs"

Recently, US presidential candidate Donald Trump has made positive statements about cryptocurrencies, causing a huge rally in the meme coins issued in his name. MAGA Hat (MAGA), one of these coins and released last week, has increased more than 10 times in a short time. One trader earned $2.7 million from MAGA in just 3 days. The trader, who bought 6 billion MAGA tokens worth 537 thousand dollars on May 24-25, sold 1.5 billion of these tokens in the morning hours of the previous day. The trader made a profit of $2.7 million with a return of 505 percent in 3 days. Trader still has $2.5 million in MAGA tokens.

ETFs have been approved in Ethereum, so when is the real rise? QCP Capital suggested that ETFs should be opened for trading for a strong upward break in Ether. In its latest analysis, the company said, "Although we are structurally positive about Ether, we cannot see a strong upward break before ETFs are opened for trading and S-1 files are accepted." said. It is said that it may take several weeks for ETFs to be available for trading.

PEPE, a meme coin issued in 2023, continues to be one of the stars of the bull season. PEPE, which increased nearly 20 times, broke the all-time record. According to the information provided by the data analytics platform In to The Block, 96 percent of the accounts invested in PEPE have made a profit. PEPE's market value surpassed MATIC with the peak reached yesterday.

Analysts at US-based financial company TD Cowen think that the approval of Ether ETFs paves the way for many more crypto funds. In the latest report published on the subject, it was stated that it is now "a matter of time" for the SEC to approve many other crypto funds. Jaret Seiberg, from the company's research group, said, “In fact, when forward crypto ETFs were accepted, it was an inevitable fact that spot ETFs would also be approved. Within the next year, some basket crypto funds, probably consisting of Bitcoin and Ether, will also be approved. However, there is a possibility of more crowded baskets,” he commented. The financial firm also thinks the anti-crypto stance at the SEC will continue.

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