PEPE, a new memecoin, has caused a surge in Ethereum active deposits, with traders converting their profits into ETH and potentially driving the price above $2,000.
![Surge in Ethereum [ETH] active deposits spawns hope of $2,000, more inside](https://images.cryptocompare.com/news/default/ambcrypto.png "Surge in Ethereum [ETH] active deposits spawns hope of $2,000, more inside")
