Crypto▲ Bullish
Pepcoin Surges 22% on Crypto Rebound, ETF Filing Sparks Interest
Pepcoin jumps 22% as crypto markets rebound and an S-1 filing for a PEPE ETF draws attention. Token outflows hit 4.54 trillion, the highest since 2024.
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Pepcoin jumped 22% in 24 hours, tracking a broader crypto market rally that pushed Bitcoin toward $79,000. The token traded at $0.00000319 on Thursday, with market cap reaching $1.34 billion and volume spiking over 400% to $400 million.
The move came as buyers returned to digital assets after favorable regulatory signals from White House discussions with industry leaders. High-beta tokens like Pepcoin amplified the broader market gains, traders said.
An S-1 filing with the SEC by Canary Capital for a PEPE-linked ETF added to the speculative backdrop. The filing fueled talk of institutional exposure, though several analysts pegged the odds of approval as low, citing the token's lack of network utility.