Pepe (PEPE), an Ethereum-based memecoin, has hit a new all-time high with a 27% surge in the last 24 hours. This is largely due to speculation around the potential US approval of spot Ether (ETH) exchange-traded funds (ETF). Ether itself is up 23.28% over the past two days, reaching $3,785. Meanwhile, PEPE is trading at $0.00001387, up 23.48% over the past 24 hours. Other top memecoins have also seen significant price jumps over the past week, including BONK (up 40.80%) and Floki (up 21.94%).