Friday, April 10, 2026 – Canary Capital filed an S-1 with the SEC to launch a spot PEPE ETF (spot PEPE ETF), a move that would provide direct exposure to PEPE in traditional brokerage accounts if approved. The proposed fund aims to hold PEPE tokens in spot while allocating a small amount of Ethereum to cover fees.
This request comes at a time when parts of the meme market are showing signs of selective strength rather than a broad appetite for risk. PEPE recorded a positive deviation in the relative strength index (RSI) and witnessed an accumulation of 1.23 trillion tokens by whales on April 5, while Shiba Inu wallets added 2.02 trillion SHIB tokens since the beginning of the month, worth approximately $12.16 million at current prices.
In conjunction with this data, Maxi Doge’s IPO is approaching the $6 million mark, sparking interest among traders ready to back new bets in meme currencies despite the state of caution controlling the entire market.
The importance of the PEPE ETF proposal lies more in the signals it sends than in the possibility of immediate approval; A major asset management company is officially testing whether the meme coin can be mobilized for traditional investors. This shifts the discussion from purely speculative trading to market structure, product accessibility and eligibility.
The application explained that the fund would hold real PEPE coins, while creating shares in standard baskets. For meme coins, this is a significant step toward institutional infrastructure, even if the fear and greed index remains in extreme fear territory.
Although price action varied, on-chain concentration remained positive. PEPE declined by around 6% in the 24 hours following the demand announcement, but daily chart momentum showed the completion of an ascending RSI divergence, with price making a lower low while the RSI recorded a higher low. This pattern was actually followed by an immediate 11% rebound in recent sessions, although the symbol remains well below its recent highs.
Whale flows into PEPE and SHIB indicate selective aggregation
Network data indicates that large holders are still concentrated in the biggest meme coin names. PEPE whales accumulated approximately 1.23 trillion tokens on April 5, reinforcing the idea that seasoned market participants are buying into weakness rather than exiting the sector altogether.
Shiba Inu is exhibiting a similar trend, with large wallets increasing their holdings to 773.79 trillion SHIB since April 1, while the token trades near $0.00000602, maintaining an 11% rise over the past 30 days. Foreign exchange reserves have also fallen to their lowest level in several years, a sign that there are fewer tokens available for immediate sale.
These flows are developing at a time when Bitcoin is consolidating near $72,000, with easing geopolitical pressures providing modest support for riskier assets. In this context, demand for meme coins appears concentrated on liquid, established names rather than evenly distributed across the category.
The broader implication is clear: if sentiment improves, assets like PEPE and SHIB could be the first to respond because they already have scale, liquidity and an active angel investor base. The PEPE request also raises the possibility of considering other assets even in the future for similar structured products.
Maxi Doge attracts new capital as its IPO nears $6 million
While PEPE and SHIB dominate the highly liquid side of the sector, new projects still attract capital. Maxi Doge, a meme built on the Ethereum network, is approaching the $6 million mark in IPO stage.
This pace is remarkable in a market where early meme launches often struggle to maintain interest. Maxi Doge focused its talk on community momentum and meme-based positioning, rather than an intense narrative of early benefits, a strategy that has historically helped projects gain rapid fame on crypto social channels.
Maxi Doge does not compete with PEPE or SHIB in terms of volume, but rather is presented as a higher risk option for traders seeking early exposure if liquidity moves down the meme curve. Its base on the Ethereum network gives it instant compatibility with major wallets and decentralized exchanges, while its growing subscriptions indicate continued demand for new meme narratives as the offering resonates with audiences.
If demand for PEPE ETFs gains momentum or results in similar orders, the largest positive impact will likely start with large-cap memes before reaching smaller names. But this type of interest in the sector could also benefit projects like Maxi Doge, especially if they have active communities and well-funded IPOs before listing.
Subscription, mortgage and access conditions to Maxi Doge
Anyone can sign up for the Maxi Doge token subscription through WalletConnect or directly through Best Wallet. Buyers can use ETH, BNB, USDT, USDC or pay by credit card. The best wallet is available on Google Play and Apple App Store.
MAXI tokens purchased during the IPO can also be immediately staked in the Maxi Doge protocol, for a dynamic annual return of up to 66%.
The current subscription price is $0.00028120 and the project indicates that the price will increase in the next 48 hours.
The team also said that the code was audited by Coinsult and SOLIDProof.
Community channels are available to follow on my platform X And telegram.
Visit Maxi Doge.
The article PEPE ETF: A Historic Milestone for Meme Coins and Huge Whale Moves appeared first on Cryptonews Arabic.
