Aave

Ondo

Uniswap

Lido DAO

Toncoin

Today, the overall cryptocurrency market soared again after experiencing a correction for the last two days. The top cryptocurrencies, including Bitcoin and Ethereum, saw impressive upside momentum. In this bullish market, Ethereum-based altcoins are making waves and have massively surged in the last 24 hours. Ethereum altcoins skyrocket following ETF approve 
This surge follows the U.S. SEC (Securities and Exchange Commission) approval of a spot Ethereum ETF (Exchange Traded Fund). This landmark decision is seen as a significant step toward the mainstream adoption of cryptocurrency assets, providing more legitimacy and accessibility to institutional investors.
Tokens including Uniswap (SWAP), Lido DAO (LDO), Ondo (ONDO), Pepe (PEPE), and Ethena (ENA) experienced massive gains of 20%, 16%, 14%, 13%, and 10%, respectively. Other Ethereum altcoins, such as Aave (AAVE), also surged more than 10% in the last 24 hours. These altcoins are benefitting from the increased confidence in Ethereum’s ecosystem and the overall positive sentiment in the market.
The primary reason behind this massive surge is indeed the U.S. SEC’s Ether ETF approval. Additionally, whales have significantly bought Ethereum tokens in the past few days, which might have caused prices to rise. Recently, Todayq News reported that in the last seven days, crypto whales have purchased $76.95 million worth of six <a href="https://news.todayq.com/new-wallets-added-77-mln-of-eth-based-token-before-etf-approval-report/" rel="noopener noreferrer nofollow">Ethereum altcoins</a>, including LDO, ENA, PEPE, and AAVE, which are among those that surged significantly today. Whale activity is often a strong indicator of market sentiment, and their substantial investments signal a bullish outlook. Investors’ and traders’ interest in Ethereum Altcoins 
This interest and confidence in Ethereum altcoins highlight that, in the coming days, along with Ethereum, these tokens could also see significant gains. Besides the Ethereum altcoins’ massive price surge, top cryptocurrencies like Bitcoin, Solana, Dogecoin, and Toncoin also experienced impressive price increases, with gains of 3%, 2.5%, 5%, and 4%, respectively. With this price surge, the overall cryptocurrency market is up by 2%.&nbsp;
Despite the bullish market sentiment, investors and traders seem to be less active, as the total trading volume is down by 45%, standing near $78 billion in the last 24 hours. This decline in trading volume could be attributed to traders taking a cautious approach amid the rapid price increases, potentially waiting to see if the bullish trend sustains before making further moves.

ENA, PEPE, UNI, and AAVE prices surge, Here’s why

Todayq News

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