Canary Amends Pepe ETF Filing as Crypto Winter May End
Pepe (PEPE)
Editor:
Eugene Serbin
Cryptocurrency.com.tr reports that Canary has amended its filing for a Pepe ETF, a move signaling renewed interest in digital assets. This adjustment suggests that the prolonged crypto winter could be nearing its end. Crypto commentator Eric Balchunas highlighted the significance of this shift, noting the hesitation to launch such products just months prior.
The amendment reflects a changing landscape where investors appear more confident about entering the market. This development follows a period of stagnation where new crypto products faced skepticism. The apparent safety in testing the waters now points to a potential resurgence in trading activity.
Altcoin interest, particularly within the memecoin sector, is expected to be substantial. However, Pepe’s trading volume remains absent, indicating a cautious approach from traders. The lack of recent price action reinforces the notion that investors are still weighing their options. Traders are likely to watch closely for any shifts in volume that could signal a broader altcoin rotation.
How the market reacted
Whalio's own Binance spot order flow for PEPE, measured when this story was written up on 3 October 2026. Not the outlet's figures.
Whalio's Binance spot data for PEPE shows a price of $0.000004250 with a 1-hour buy ratio of 50.2% and a 4-hour buy ratio of 56.4%. These short-term ratios indicate a slight edge for buyers compared to the 24-hour buy ratio of 46.5%, suggesting that buying pressure is currently building in the immediate term. The 1-hour volume delta is positive at +$3,653, while the 4-hour delta is significantly higher at +$465,151. In contrast, the 24-hour volume delta is negative at -$3,625,507, indicating that over the full day, sellers have dominated the flow. The Cumulative Volume Delta (CVD) for the 24-hour close matches this negative delta, confirming net selling pressure over the longer timeframe. Net buying occurred in only 12 of the last 24 hours, with a total spot volume of $52,840,077 across 166,544 trades.
The latest daily buy ratio of 49.3% sits at the 48th percentile of the last 322 days, against a median of 49.4% - ordinary for this coin.
Was that an ordinary day?
The same Binance spot measurements for PEPE, averaged over the days leading up to the story.
Over the preceding week, PEPE experienced a 7-day average buy ratio of 49.8%, which is slightly lower than the latest day's reading by 3.3 points. Volume over the last 8 days was 1.59 times the average, indicating an unusually high level of trading activity compared to normal days. Despite this volume surge, the price changed by -5.3% over the 8-day period, and the total volume delta was -$3,215,464. Net buying occurred on only 4 of the 7 days, suggesting that the recent volume spike did not result in sustained upward momentum. This context places the current 24-hour negative delta of -$3,625,507 within a broader trend of net outflows and price depreciation over the past week.