The sudden surge in cryptocurrency prices today is driven primarily by positive developments surrounding Ethereum ETFs and new activity in the meme coin market.

Ethereum ETFs: The U.S. SEC has moved closer to approving several Ethereum spot ETFs, which significantly boosted market sentiment. This move is seen as a positive step for institutional investment in the crypto space, causing a rally in Ethereum and other major cryptocurrencies

Meme Coin Hype: There’s also been a huge spike in interest around the new "Sun Token," linked to the Tron ecosystem. This has fueled broader speculation and trading activity, contributing to the overall market uptrend​

These factors, combined with broader market dynamics, are contributing to the current pump in crypto prices.