The cryptocurrency market is experiencing significant movements, particularly with Ethereum (ETH) and the memecoin PEPE. Ethereum has surged to $3,900 following the approval of multiple spot ETH ETFs, with expectations that it could reach $4,500 before the ETFs go live. This bullish sentiment has also impacted memecoins, with PEPE seeing a remarkable rise. PEPE has reached a market cap of $7 billion, becoming a top gainer on CoinMarketCap with a 73% increase in the past week. Additionally, PEPE has flipped Polygon (MATIC) to become the second-largest token on Ethereum, trailing only Shiba Inu (SHIB). The market is also buzzing with the launch of PEPE on Solana (SOL), which has quickly gained traction with a market cap of $50 million and over 11,200 holders. PEPE on ETH continues to perform strongly, listed on Gemini and achieving new all-time highs.