Ethereum, CAT & PEPE – American Wrap 27 May

Date:

Ethereum (ETH) gained nearly 3% on Monday as investors exhibited high bullish sentiment. Michael Saylor also commented on the recent spot ETH ETF approval by the Securities & Exchange Commission (SEC).

Solana-based “sol” (CAT) meme coin crashed heavily on Monday following a recent analysis by crypto detective ZachXBT connecting its team to the X account hack of crypto analyst GCRClassic.

 

PEPE, a frog-themed meme coin, hit a new all-time high early on Monday, rallying to a peak of $0.00001725. The asset rallied 81% in the past seven days on Binance. 

Meme coins have consistently extended gains in the ongoing cycle, alongside a rally in BitcoinEthereum and other cryptocurrencies in the top 20 assets by market capitalization. Dogecoin (DOGE), Shiba Inu (SHIB), Pepe (PEPE) and Solana-based meme coins have rallied on several occasions since the approval of Spot Bitcoin Exchange Traded Funds…

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