Two Ethereum ecosystem tokens, PEPE and MOG, climbed to new highs on the back of U.S. ether ETF filings approvals, with traders treating them as beta bets.
Open interest in futures for the tokens increased, suggesting new money entering the market, though the long-to-short ratio for PEPE indicates traders are betting against further price rises.
Two Ethereum ecosystem tokens surged to record highs on Monday, fueled by last week’s approval of key ether (ETH) exchange-traded fund (ETF) filings in the U.S. that persuaded some traders to consider meme tokens as beta bets.
Frog-themed pepe <a href="https://coindesk.com/price/pepe/" data-position="autolink" title="Pepe Price
