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David Pokima
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Friday 10 April 2026 – Canary Capital has filed an S-1 with the US Securities and Exchange Commission for a spot PEPE ETF, a move that would bring direct PEPE exposure into traditional brokerage accounts if approved. The proposed trust would hold spot PEPE tokens and allocate a small amount of Ethereum to cover fees.
The filing lands as parts of the meme coin market show signs of selective strength rather than broad-based risk appetite. PEPE has flashed a bullish RSI divergence and saw whale accumulation of 1.23 trillion tokens on April 5, while Shiba Inu wallets have added 2.02 trillion SHIB since the start of the month, worth about $12.16 million at current prices.
Alongside that backdrop, the Maxi Doge presale is approaching $6 million, drawing interest from traders still willing to back newer meme-coin bets despite a cautious wider market.
The PEPE ETF proposal is notable less for any immediate approval odds than for what it signals: a mainstream asset manager is formally testing whether a meme coin can be packaged for conventional investors. That shifts the discussion from pure speculative trading toward market structure, access, and product eligibility.
The trust outlined in the filing would hold actual PEPE, with shares created in standard baskets. For meme coins, that is a meaningful step toward institutional-style infrastructure, even as the broader Crypto Fear & Greed Index remains in extreme fear.
Price action has been mixed, but on-chain positioning has stayed constructive. PEPE traded roughly 6% lower in the 24 hours after the filing news, yet daily-chart momentum showed a completed bullish RSI divergence, with price making a lower low while RSI posted a higher low. That setup has already been followed by an 11% spot rebound in recent sessions, though the token remains well below recent highs.
$PEPE ETF Approval sets it up for a very solid long-term bullish catalysts 🐸✅
Long-term this is very bullish for #PEPE 🐸
Latest #PEPE price and news action right here ⏬ pic.twitter.com/GSZjWH7emY
— Crypto Zeus ⚡ (@CryptoZeusYT) April 10, 2026
Whale Flows in PEPE and SHIB Point to Selective Accumulation
On-chain data suggests larger holders are still positioning in the largest meme names. PEPE whales accumulated 1.23 trillion tokens on April 5, reinforcing the idea that experienced market participants are buying into weakness rather than exiting the sector altogether.
Shiba Inu is showing a similar pattern. Large wallets have increased holdings to 773.79 trillion SHIB since April 1, while the token changes hands near $0.00000602 and remains up 11% over the past 30 days. Exchange reserves have also dropped to multi-year lows, a sign that fewer tokens are sitting on venues where they can be sold immediately.
Those flows are developing as Bitcoin consolidates near $72,000 and easing geopolitical pressure offers modest support to risk assets. In that context, meme-coin demand appears concentrated in liquid, well-established names rather than spread evenly across the category.
The broader implication is straightforward: if sentiment improves, assets such as PEPE and SHIB may be first to respond because they already have scale, liquidity, and active holder bases. The PEPE filing also raises the prospect that other meme assets could eventually be considered for similar regulated products.
Maxi Doge Draws Fresh Capital as Presale Closes In on $6 Million
While PEPE and SHIB dominate the high-liquidity end of the sector, newer projects are still attracting capital. Maxi Doge, an Ethereum-based meme token built around degen branding, is nearing the $6 million mark in its presale.
That pace stands out in a market where early-stage meme launches have often struggled to maintain attention. Maxi Doge has centered its pitch on community momentum and simple meme-driven positioning rather than an extensive early utility narrative, a strategy that has historically helped projects build recognition quickly across crypto social channels.
WHERE ALL THE BULLS AT? WE DON’T QUIT. pic.twitter.com/J30E70EV5f
— MaxiDoge (@MaxiDoge_) March 31, 2026
Maxi Doge is not competing with PEPE or SHIB on scale. Instead, it is being framed as a higher-risk entry for traders looking for earlier-stage exposure if capital rotates further down the meme-coin curve. Its Ethereum base gives it immediate compatibility with major wallets and decentralized exchanges, while the presale’s progress suggests there is still demand for new meme narratives when branding resonates.
If the PEPE ETF filing gains traction or prompts copycat applications, the strongest spillover would likely start with large-cap meme coins before reaching smaller names. But that kind of sector-wide attention can also benefit projects like Maxi Doge, particularly if they already have active communities and funded presales heading into listing.
Maxi Doge Presale Terms, Staking and Access
Anyone can join the Maxi Doge Token presale through WalletConnect or directly via Best Wallet. Buyers can use ETH, BNB, USDT, or USDC, or pay with a bank card. Best Wallet is available on Google Play and the Apple App Store.
MAXI tokens purchased in presale can also be staked immediately in Maxi Doge’s native protocol, earning a dynamic 66% APY.
The current presale price is $0.00028120, and the project states the price will rise within the next 48 hours.
The team also says the code has been audited by Coinsult and SOLIDProof.
Community channels are available on X and Telegram.
Visit Maxi Doge.
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