Pepe Price Continues to Rise with 11% Pump – Could Sealana Explode Next?

Pepe Price Continues to Rise with 11% Pump – Could Sealana Explode Next?

Original Source: Coinpedia Fintech News

Pepe has continued its upward trajectory despite a broader market slowdown, with an impressive 11% gain in the past day. Meanwhile, the recently launched Sealana presale is approaching $3 million. Could this be the next meme coin poised for explosive growth?

ETH ETF Approvals Ignite a Pepe Price Frenzy

Pepe has emerged as a leading Ethereum beta play, outperforming the L1 coin this week. This surge follows the United States Securities and Exchange Commission's (SEC) approval of Ethereum spot ETFs on May 23.

While many large-cap cryptos are declining today, ETH has benefited from the SEC's green light. It currently trades at $3.9K, up 4.5% on the day.

Pepe, one of Ethereum's most popular meme coins, has jumped 12% today, recently setting a new all-time high (ATH).

It trades at $0.0000166, holding a $6.9 billion market cap and a $2.5 billion 24-hour trading volume, up 18% today.

Pepe's 75% weekly gain makes it the second-best performing top 100 cryptocurrency by market cap, trailing only Ethereum Name Service's 79% rise.

Given its relative strength, it's no surprise that Pepe has dominated social media discussions this week.

Jameson noted that Pepe is outperforming other leading cryptocurrencies, including Dogecoin, Ondo, Floki, Render, and Bitcoin.

Outperformers continue to outperform

$PEPE continues to absolutely DOMINATE the meme market https://t.co/DA4MgLaRVk pic.twitter.com/xJXyLiQtrD

— Jameson (@JamesonEth) May 27, 2024

Looking Ahead: Bullish Momentum for Pepe

Crypto Knight anticipates continued bullish momentum for Pepe, predicting a potential advance toward $0.00003958 in the coming weeks, representing a 137% gain from its current price.

$pepe memecoins game is stronggg pic.twitter.com/QuGvzWcwIt

— KNIGHT $INJ TO 100$ (@cryptoknight890) May 26, 2024

Zer0 suggests that Pepe's rally is still in its early stages, comparing its price action to Dogecoin's in the previous market cycle, presenting a favorable outlook for Pepe.

$PEPE leading the way

The pump is still in nascent stages from the looks of it. This will pave way for other memes to follow. I don't own any but rooting for it to moon hard pic.twitter.com/yPynz6YdMJ

— Zer0 (@degengambleh) May 26, 2024

Sealana: The Next Meme Coin to Explode?

As Pepe paves the way, many lower market cap meme coins could experience significant growth. One promising project is the newly launched Sealana. Leading traders are rallying behind it as its presale total raise approaches $3 million.

Next Meme Coin to Explode: Analysts Back Sealana For 100X Gains After Its IEO

While Ethereum's ETF narrative has bolstered Pepe and other Ethereum ecosystem tokens, the market anticipates that a Solana ETF could be next, benefiting its ecosystem meme coins like Sealana.

However, Sealana's unique backstory and social media presence set it apart.

As per its website, Sealana is a seal who trades meme coins from his mom's basement, living off canned tuna and chips with hopes of making life-changing gains and buying a new Lambo.

Meanwhile, Sealana's X account does not shy away from controversy, littered with witty references to ex-U.S. President Donald Trump.

#Sealana and his closest bros are stormin’ the Capitol to defend all #Crypto patriots, Sealana and his $SEAL troops are fightin’ for our right to Lambos , Gains , and FREEDOM!! Stand with Sealana! Join the #Presale, and restore the former glory of #Memecoins! pic.twitter.com/Sv1fGVm8ry