Canary Capital Submits Spot PEPE ETF Application, Renewing Interest in Meme Coins as Maxi Doge Presale Approaches $6 Million

Friday 10 April 2026 – Canary Capital has submitted an S-1 registration statement to the US Securities and Exchange Commission for a spot PEPE ETF, a development that would allow direct PEPE exposure in conventional brokerage accounts if it receives approval. The proposed trust would hold spot PEPE tokens and allocate a minor portion of Ethereum to cover associated fees.

The filing arrives as segments of the meme coin market exhibit signs of selective strength rather than widespread risk appetite. PEPE has shown a bullish RSI divergence and experienced whale accumulation of 1.23 trillion tokens on April 5, while Shiba Inu wallets have increased their holdings by 2.02 trillion SHIB since the beginning of the month, valued at approximately $12.16 million at current rates.

In this context, the Maxi Doge presale is nearing $6 million, attracting interest from traders who remain willing to invest in newer meme-coin ventures despite a cautious overall market.

The PEPE ETF proposal is significant not so much for its immediate chances of approval but for what it represents: a mainstream asset manager is officially exploring whether a meme coin can be structured for traditional investors. This shifts the conversation from mere speculative trading to market structure, accessibility, and product eligibility.

The trust described in the filing would hold actual PEPE, with shares created in standard baskets. For meme coins, this represents a substantial advancement toward institutional-style infrastructure, even as the broader Crypto Fear & Greed Index remains in a state of extreme fear.

Price movements have been varied, but on-chain positioning has remained positive. PEPE traded approximately 6% lower in the 24 hours following the filing announcement, yet daily-chart momentum indicated a completed bullish RSI divergence, with price making a lower low while RSI recorded a higher low. This setup has already been followed by an 11% spot rebound in recent sessions, although the token is still significantly below recent peaks.

$PEPE ETF Approval positions it for strong 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 Indicate Selective Accumulation

On-chain analytics indicate that larger holders continue to position themselves in the leading meme coins. PEPE whales accumulated 1.23 trillion tokens on April 5, reinforcing the notion that seasoned market participants are buying during downturns rather than exiting the sector entirely.

Shiba Inu is displaying a similar trend. Large wallets have increased their holdings to 773.79 trillion SHIB since April 1, while the token trades around $0.00000602 and has risen 11% over the past month. Exchange reserves have also fallen to multi-year lows, indicating that fewer tokens are available on platforms for immediate sale.

These flows are occurring as Bitcoin consolidates near $72,000 and easing geopolitical tensions provide modest support to risk assets. In this environment, demand for meme coins appears to be concentrated in liquid, well-established names rather than being evenly distributed across the category.

The broader implication is clear: if sentiment improves, assets like PEPE and SHIB may be among the first to respond due to their existing scale, liquidity, and active holder bases. The PEPE filing also raises the possibility that other meme assets could eventually be considered for similar regulated products.

Maxi Doge Attracts New Capital as Presale Approaches $6 Million

While PEPE and SHIB dominate the high-liquidity segment of the market, newer projects continue to draw investment. Maxi Doge, an Ethereum-based meme token centered around degen branding, is nearing the $6 million milestone in its presale.

This pace is notable in a market where early-stage meme launches have often struggled to maintain interest. Maxi Doge has focused its appeal on community momentum and straightforward meme-driven positioning rather than an extensive early utility narrative, a strategy that has historically aided projects in gaining recognition quickly across crypto social platforms.

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 in terms of scale. Instead, it is positioned as a higher-risk option for traders seeking earlier-stage exposure if capital rotates further down the meme-coin spectrum. Its Ethereum foundation provides immediate compatibility with major wallets and decentralized exchanges, while the progress of the presale indicates ongoing demand for new meme narratives when branding resonates.

If the PEPE ETF filing gains momentum or inspires similar applications, the most significant spillover effects would likely begin with large-cap meme coins before extending to smaller projects. However, this kind of sector-wide attention can also benefit initiatives like Maxi Doge, especially if they already possess active communities and funded presales leading into listing.

Maxi Doge Presale Terms, Staking and Access

Anyone can participate in the Maxi Doge Token presale through WalletConnect or directly via Best Wallet. Buyers can utilize ETH, BNB, USDT, or USDC, or make payments with a bank card. Best Wallet is available on Google Play and the Apple App Store.

MAXI tokens acquired during the 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 indicates that the price will increase within the next 48 hours.

The team also states that the code has undergone auditing by Coinsult and SOLIDProof.

Community channels are accessible on X and Telegram.

Visit Maxi Doge.

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