PEPE ETF Filing Gains Attention as 22-Month Downtrend Breaks
Pepe (PEPE)
Editor:
Eugene Serbin
cryptocurrency.com.tr reports that PEPE is gaining renewed attention after Canary amended its proposed ETF filing, adding an institutional catalyst to the meme coin’s outlook. Crypto Patel says PEPE has broken a long-term downtrend and is retesting the breakout. This technical structure places the coin's potential recovery under scrutiny. The filing amendment serves as a key institutional signal for the asset.
How the market reacted
Whalio's own Binance spot order flow for PEPE, measured when this story was written up on 5 October 2026. Not the outlet's figures.
Whalio's Binance spot data shows PEPE trading at $0.000004410 with a 1-hour buy ratio of 58.5% and a 4-hour buy ratio of 55.1%. These short-term figures indicate active buying pressure, contrasting with the 24-hour buy ratio of 48.5%, which suggests the intensity has faded over the full day. The 1-hour volume delta is positive at +$156,900, while the 4-hour delta is +$557,957, showing recent net inflows. However, the 24-hour volume delta is -$424,981, indicating that net selling has outweighed buying over the longer timeframe. The buy ratio represents the percentage of trades executed by buyers versus sellers, while the volume delta measures the net value of those trades.
The latest daily buy ratio of 50.9% sits at the 72nd percentile of the last 323 days, against a median of 49.4% - stronger buying than most days.
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, the average buy ratio was 49.9%, making the current 24-hour ratio of 48.5% slightly below the weekly norm by 1.4 points. Spot volume for the 24-hour period was $14,859,177, which is 0.45x the weekly average, indicating significantly lower activity than usual. The coin saw net buying on only 4 of the 7 days in the previous week. The 8-day volume delta total was -$2,667,690, showing a consistent outflow of capital over the period. This marks an unusual day for the coin, characterized by lower-than-average volume and a buy ratio that trails the weekly average.