The cryptocurrency $PEPE has reached a new all-time high of $0.00001093, driven by increased optimism surrounding the potential approval of an Ethereum ETF. The surge in $PEPE's price, which saw a 20% gain, is part of a broader rally in the cryptocurrency market, with other tokens such as $MOG, $LDO, $ARB, $DOGE, and $SHIB also experiencing significant gains. The market cap of $PEPE has reached $5 billion, with nearly $3 billion in trading volume, and it is just 20% away from entering the top 20 cryptocurrencies. The number of $PEPE holders increased by 1,328 today. Analysts have raised the odds of an Ethereum ETF approval from 25% to 75%, further fueling the price surge. Enthusiasts are dubbing the current trend as 'meme summer 2024.'