What happened: Ethereum's market delivered a massive shock as $1.69 billion in short positions were liquidated over three days, sending ETH skyrocketing 31% from $1,900 to nearly $2,500. Spot ETH ETFs also pulled in a massive $697 million in weekly inflows. Meanwhile, the Pepeto presale—created by the minds behind the original Pepe token—has quietly drawn $10.8 million, offering a zero-fee cross-chain swap engine, a token burn mechanism, and an anticipated Binance listing.
Why it matters: While the Ethereum rally proves that short squeezes can violently reprice mature assets, large-cap growth takes time. For traders looking for early-stage multipliers, projects like Pepeto are capturing capital seeking the ground-floor entry that older tokens like ETH no longer provide.
