$PEPE Cryptocurrency Surges 15%, Breaks 50-Day Moving Average Ahead of $ETH ETF Launch

$PEPE, a cryptocurrency, has shown significant strength recently, with its value increasing by 15% in a single day. Both $PEPE tokens are up 12% on the day and moving in lockstep. The coin has been moving towards its all-time highs, breaking through various resistance levels, including the 50-day moving average. The rise in $PEPE's value coincides with the upcoming launch of the $ETH ETF, which is expected to start on Tuesday, July 23. Additionally, there has been a notable increase in the number of $PEPE holders, with 580 new holders reported in a single day. Market sentiment is bullish, with expectations of further gains as long as Bitcoin remains stable.