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Memecoin Rally: PEPE, SHIB, and BONK Rally Post Bitcoin ETF Approval

Published 01/12/2024, 02:48 AM
Updated 01/12/2024, 03:15 AM
© Reuters. Memecoin Rally: PEPE, SHIB, and BONK Rally Post Bitcoin ETF Approval
SHIB/USD
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  • PEPE leaps over 20%, riding the Bitcoin ETF wave for massive gains in the meme coin market.

  • SHIB attracts a whale investor who purchases 136.86B SHIB, highlighting growing confidence in meme coins.

  • BONK’s market cap hits $1.04B with a 10% surge, emerging as a key player in the bullish meme coin rally.

Pepe (PEPE), Shiba Inu (SHIB), and Bonk (BONK) have shown remarkable growth in the cryptocurrency market following the U.S. Securities and Exchange Commission’s (SEC) recent approval of Bitcoin ETFs. This event marks a significant stride in the acceptance and mainstream adoption of digital assets.

Pepe (PEPE) Shows Strong Performance

PEPE, a meme coin inspired by the popular internet frog, has leaped 23% in the last 24 hours, signaling a vibrant upturn in the meme coin sector. This surge aligns with the broader market response to the SEC’s nod to Bitcoin ETFs, a decision positively impacting the crypto universe.

PEPE/USD 24-hour price chart (source: CoinStats)

PEPE’s trading session today highlighted a steady rise from $0.000001, with a current position at $0.000001442. This uptick reflects a 15% increase over the past day and a 20% gain over the last …

The post Memecoin Rally: PEPE, SHIB, and BONK Rally Post Bitcoin ETF Approval appeared first on Coin Edition.

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