Learn More about Lumida ETF
Powered by LumidaWealth.com
Lumida News
  • Home
  • EarningsNEW
  • News
    • Alt Assets
    • Crypto
    • Equities
    • Macro
    • Markets
    • Real Estate
  • Lifestyle
    • Family Office
    • Health and Longevity
  • Themes
    • Aging & Longevity
    • AI
    • CRE
    • Digital Assets
    • Legacy Brands
    • Nuclear Renaissance
    • Private Credit
  • About Us
No Result
View All Result
Lumida News
  • Home
  • EarningsNEW
  • News
    • Alt Assets
    • Crypto
    • Equities
    • Macro
    • Markets
    • Real Estate
  • Lifestyle
    • Family Office
    • Health and Longevity
  • Themes
    • Aging & Longevity
    • AI
    • CRE
    • Digital Assets
    • Legacy Brands
    • Nuclear Renaissance
    • Private Credit
  • About Us
No Result
View All Result
Lumida News
No Result
View All Result
  • Lumida Wealth
  • Lumida Ledger
  • LUMIDA ETF
  • About Us
Home News Crypto

PEPE and MOG Soar: The Hidden Winners of Ether ETF Approvals

by Team Lumida
May 30, 2024
in Crypto, Digital Assets
Reading Time: 3 mins read
A A
0
Share on TelegramShare on TwitterShare on FacebookShare on LinkedinShare on Whatsapp

Key Takeaways

  1. PEPE and MOG surged 11% and 45% due to U.S. ether ETF approvals.
  2. Trading volumes for PEPE hit $1.8 billion, indicating massive interest.
  3. Rising open interest suggests more volatility ahead for these tokens.

What Happened?

Ether outperformed bitcoin over the weekend, boosted by optimism surrounding the second-largest cryptocurrency. Two Ethereum ecosystem tokens, PEPE and MOG, reached lifetime highs after the U.S. approved key ether ETF filings. PEPE surged 11% while MOG skyrocketed 45% within 24 hours.

Trading volumes for PEPE hit an astonishing $1.8 billion, far exceeding its usual $400 million-$600 million range. Futures data revealed a spike in open interest for these tokens, with PEPE’s open interest rising to $720 million from $550 million, and MOG’s increasing to $8.3 million from $5 million.

Why It Matters?

The surge in PEPE and MOG underscores the market’s growing interest in meme tokens as beta bets. These tokens offer a leveraged way to gain exposure to ether, particularly appealing as the odds of ether ETFs being approved have risen.

PEPE even entered the top 20 tokens by market capitalization, reaching over $6 billion, significantly enriching early investors. However, the long-to-short ratio for PEPE stands at 54%, suggesting traders are betting against further price increases. This dichotomy indicates potential volatility, presenting both opportunities and risks for investors.

What’s Next?

With rising open interest, expect continued price volatility for PEPE and MOG. The approval of ether ETFs could further fuel interest in these tokens, driving their prices higher. However, the bearish sentiment indicated by the long-to-short ratio for PEPE suggests caution.

Investors should watch for shifts in trading volumes and market sentiment. As meme tokens gain prominence, they may play a more significant role in the broader cryptocurrency ecosystem, influencing market dynamics and investor strategies.

Source: Coindesk
Tags: EthereumMOGPEPE
Previous Post

Crypto and TradFi: The Ironic Marriage Shaping Financial Portfolios

Next Post

First Foreign Investor in Chinese AI: Saudi Fund Joins $400M Round

Recommended For You

Tether Targets $15 Billion Profit and $500 Billion Valuation as Stablecoin Dominance Grows

by Team Lumida
1 day ago
a close up of a pile of crypt coins

Key Takeaways: Powered by lumidawealth.com Tether expects nearly $15 billion in 2025 profit, up from $13 billion last year, driven by high interest income on U.S. Treasuries. The company...

Read more

JPMorgan to Allow Bitcoin and Ether as Collateral in Crypto Push

by Team Lumida
2 days ago
Tax-Loss Harvesting Surge: JPMorgan’s $15 Billion Windfall

Key Takeaways JPMorgan will allow institutional clients to use Bitcoin and Ether as loan collateral by end-2025, relying on third-party custodian; builds on earlier move to accept crypto...

Read more

Crypto Leaders Hit Capitol Hill to Push Market Structure Bill

by Team Lumida
3 days ago
Crypto Leaders Hit Capitol Hill to Push Market Structure Bill

Key Takeaways Powered by lumidawealth.com ~12 crypto CEOs (Coinbase's Armstrong, Kraken's Ripley, Uniswap's Adams, Chainlink's Nazarov) met Senate leaders (Banking Chair Tim Scott, Schumer, Gillibrand) for ~3 hours Wednesday...

Read more

Altcoins Stuck Below Post-FTX Low as Crypto Risk Appetite Sinks

by Team Lumida
5 days ago
Altcoins Stuck Below Post-FTX Low as Crypto Risk Appetite Sinks

Key Takeaways Powered by lumidawealth.com A ~$20B Oct. 10 liquidation triggered crypto’s largest single-day washout; altcoin index of 50 smallest tokens now trades below 2022 FTX-era lows, signaling retreat...

Read more

BlackRock Is Pulling Bitcoin Whales Into Wall Street’s Orbit

by Team Lumida
5 days ago
Is BlackRock the New Leader in Alternative Investments?

Key Takeaways Powered by lumidawealth.com In-kind creations for spot Bitcoin ETFs, approved in July, let large holders swap BTC for ETF shares without a taxable sale, moving assets onto...

Read more

Coinbase Strikes Deal for Crypto-Investing Platform Echo

by Team Lumida
5 days ago
Coinbase Strikes Deal for Crypto-Investing Platform Echo

Key Takeaways Powered by lumidawealth.com Coinbase will acquire Echo for roughly $375M (cash + stock), its 8th deal in 2025, aiming to become a one-stop platform for on-chain capital...

Read more

Crypto Miners Riding the AI Wave Are Leaving Bitcoin Behind

by Team Lumida
6 days ago
Bitcoin Plunges to $64K Amid U.S. Tech Stock Turmoil

Key Takeaways Powered by lumidawealth.com Listed miners are massively outperforming Bitcoin as they pivot to hybrid AI/HPC data-center models; a miner ETF is up >150% YTD while BTC is...

Read more

Binance Among Crypto Firms Hit by French Money-Laundering Checks

by Team Lumida
1 week ago
Breaking: Judge Allows SEC Case Against Binance to Move Forward

Key Takeaways Powered by lumidawealth.com France’s banking supervisor ACPR is conducting expanded AML/CTF inspections on dozens of registered crypto service providers (PSANs), including Binance and Coinhouse, to decide who...

Read more

Kraken Expands US Derivatives Business in $100 Million IG Deal

by Team Lumida
1 week ago
Kraken Expands US Derivatives Business in $100 Million IG Deal

Key Takeaways Powered by lumidawealth.com Kraken acquired IG Group’s US-licensed Small Exchange for $100 million ($32.5M cash, $67.5M Payward stock) and entered a partnership with IG. Deal grants Kraken...

Read more

BNB Holds Near $1,190 as China Merchants Bank Tokenizes Fund on BNB Chain

by Team Lumida
2 weeks ago
China’s Bold Economic Moves: What You Need to Know Now

Key Takeaways Powered by lumidawealth.com BNB is steady around $1,190–$1,200 after rebounding from ~$1,145 post a ~$500B crypto liquidation; intraday highs near $1,237. Confidence boosters: $45M airdrop with PancakeSwap/Trust...

Read more
Next Post
city, bridge, night

First Foreign Investor in Chinese AI: Saudi Fund Joins $400M Round

nvidia graphics processing unit

Taiwan's Key Role in the AI Revolution: Insights from Computex 2024

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Related News

Bitcoin Plunges to $64K Amid U.S. Tech Stock Turmoil

Bitcoin’s $10M+ Exodus: Whales Are Draining Exchanges

December 12, 2024
aerial photography houses

US Housing Inventory Soars: Highest Levels Since 2008 Spark Economic Concerns

June 27, 2024
Are Your Job Gains at Risk? What the Tight Market Means Now

Are Your Job Gains at Risk? What the Tight Market Means Now

August 3, 2024

Subscribe to Lumida Ledger

Browse by Category

  • Lifestyle
    • Family Office
    • Health and Longevity
    • Next Gen Wealth
    • Trust, Tax, and Estate
  • News
    • Alt Assets
    • Crypto
    • Equities
    • Latest
    • Macro
    • Markets
    • Real Estate
  • Research
    • Trackers
  • Themes
    • Aging & Longevity
    • AI
    • Biotech
    • CRE
    • Cybersecurity
    • Digital Assets
    • Legacy Brands
    • Nuclear Renaissance
    • Private Credit
    • Software
Facebook Twitter Instagram Youtube TikTok LinkedIn
Lumida News

Premium insights to help you invest beyond the ordinary. Lumida Wealth Management LLC (‘Lumida”) is an SEC registered investment adviser

CATEGORIES

  • Aging & Longevity
  • AI
  • Alt Assets
  • Biotech
  • CRE
  • Crypto
  • Cybersecurity
  • Digital Assets
  • Equities
  • Family Office
  • Health and Longevity
  • Latest
  • Legacy Brands
  • Lifestyle
  • Macro
  • Markets
  • News
  • Next Gen Wealth
  • Nuclear Renaissance
  • Private Credit
  • Real Estate
  • Software
  • Themes
  • Trackers
  • Trust, Tax, and Estate

BROWSE BY TAG

AI AI chips AI demand Amazon Apple Artificial Intelligence Banking Bitcoin China Commercial Real Estate CPI Crypto Donald Trump EARNINGS ELON MUSK ETF Ethereum Federal Reserve financial services generative AI Goldman Sachs Google India Inflation Interest Rates Investment Strategy Japan Jerome Powell JPMorgan Markets Meta Microsoft Nasdaq Nvidia OpenAI private equity S&P 500 SEC Semiconductor stock market Tech Stocks tesla Trump Wells Fargo Whale Watch

© 2025 Lumida Wealth Management LLC is an SEC registered investment adviser. Privacy Policy. Cookies Policy.
Disclaimer Important Information This site is for informational purposes only. Information presented on this site does not constitute as investment advice.

Lumida Wealth Management LLC (‘Lumida”) is an SEC registered investment adviser. SEC registration does not constitute an endorsement of the firm by the Commission nor does it indicate that the adviser has attained a particular level of skill or ability.

Lumida's website (referred to herein as the "Website") is limited to the dissemination of general information pertaining to its advisory services, together with access to additional investment-related information, publications, and links. Accordingly, the publication of the Website on the Internet should not be construed by any client and/or prospective client Lumida’s solicitation to effect, or attempt to effect transactions in securities, or the rendering of personalized investment advice for compensation, over the Internet.

Any subsequent, direct communication by Lumida with a prospective client will be conducted by a representative that is either registered or qualifies for an exemption or exclusion from registration in the state where the prospective client resides.

‍Lead Capture Forms: By submitting your contact information in the forms on this site, you are not obligated to invest in Lumida's product or services.
‍Address: Lumida Wealth Management, 25 W 39th Street Suite 700, New York, NY 10018

No Result
View All Result
  • Home
  • Earnings
  • News
    • Alt Assets
    • Crypto
    • Equities
    • Macro
    • Markets
    • Real Estate
  • Lifestyle
    • Family Office
    • Health and Longevity
  • Themes
    • Aging & Longevity
    • AI
    • CRE
    • Digital Assets
    • Legacy Brands
    • Nuclear Renaissance
    • Private Credit
  • About Us

© 2025 Lumida Wealth Management LLC is an SEC registered investment adviser. Privacy Policy. Cookies Policy.
Disclaimer Important Information This site is for informational purposes only. Information presented on this site does not constitute as investment advice.

Lumida Wealth Management LLC (‘Lumida”) is an SEC registered investment adviser. SEC registration does not constitute an endorsement of the firm by the Commission nor does it indicate that the adviser has attained a particular level of skill or ability.

Lumida's website (referred to herein as the "Website") is limited to the dissemination of general information pertaining to its advisory services, together with access to additional investment-related information, publications, and links. Accordingly, the publication of the Website on the Internet should not be construed by any client and/or prospective client Lumida’s solicitation to effect, or attempt to effect transactions in securities, or the rendering of personalized investment advice for compensation, over the Internet.

Any subsequent, direct communication by Lumida with a prospective client will be conducted by a representative that is either registered or qualifies for an exemption or exclusion from registration in the state where the prospective client resides.

‍Lead Capture Forms: By submitting your contact information in the forms on this site, you are not obligated to invest in Lumida's product or services.
‍Address: Lumida Wealth Management, 25 W 39th Street Suite 700, New York, NY 10018