Meme tokens created on the Ethereum platform are showing growth

Meme tokens created on the Ethereum platform are showing growth

by Яночка

2 years ago

Several memecoins on the Ethereum blockchain rose in price after news emerged of a possible change in regulatory stance regarding the approval of Ether-based spot ETFs.

On Tuesday, the value of some well-known memcoins on the Ethereum blockchain increased by 5-30%. This comes after the US Securities and Exchange Commission (SEC) asked at least three exchanges to reconsider their applications to list ether-based spot ETFs.

The PEPE token is up 16% in the last 24 hours, LADYS is up about 28%, and DOGE is up about 6%. Over the same period, ETH rose 4.6%, reaching $3,746.93.

It remains unclear whether regulators will approve ether-based spot ETFs. The first deadline for consideration of a proposed Ether spot ETF is May 23, and VanEck's proposal is first in line. However, the market has already reacted to recent moves by issuers and exchanges to prepare for the possible approval of these investment vehicles.

On Tuesday morning, Fidelity Investments amended its S-1 filing with regulators. In the updated statement, the potential issuer removed language related to ether rates. Grayscale Investments also abandoned its proposal to list shares in a proposed ether spot ETF.

Tier I

Sector: #18291

Sealed Hiding Place Room

Resource Cache

Resource Cache

Tier I

Requires 25% Tier Progress to Claim
Meme Cache

Meme Cache

Tier I

Requires 50% Tier Progress to Claim
Equipment Cache

Equipment Cache

Tier I

Requires 75% Tier Progress to Claim

After collecting, hiding places will be stored in your inventory and can be opened with Keys.

Other news

HTX Strengthens Global Compliance and Showcases at TOKEN2049

HTX has made significant strides in global compliance initiatives while participating in TOKEN2049, a major event in the crypto industry held in Singapore.

user avatarDiego Alvarez

SEC Files Charges Against Richard Heart for Fraud

The SEC charged Richard Heart and his entities with conducting unregistered offerings of crypto asset securities.

user avatarMaria Fernandez

HTX Marks 13th Anniversary with Major Celebrations and Trading Events

HTX celebrated its 13th anniversary with major events, including the Anniversary Carnival and Trading Championship 3, highlighting its resilience in the crypto market.

user avatarKenji Takahashi

Richard Heart Arrested in Istanbul on Interpol Charges

Richard Heart, founder of Hex cryptocurrency, was detained in Istanbul under an Interpol Red Notice for aggravated tax fraud.

user avatarGustavo Mendoza

MediaMarkt Saturn Ceases Sales of Ledger Devices Amid Security Concerns

MediaMarkt Saturn has stopped selling Ledger devices due to security concerns following a customer report of a hidden implant.

user avatarRajesh Kumar

Binance Expands into Traditional Finance as Mining Pool Closes

As Binance prepares to shut down its mining pool, the exchange is expanding into traditional finance by providing access to over 7,000 US stocks and ETFs for customers outside the United States.

user avatarMiguel Rodriguez

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.