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PEPE token drops 5.52% after Canary Capital files for a spot PEPE ETF proposal

Market News
07 Oct 2026
Tokenpost
View Source
Neutral
PEPE token drops 5.52% after Canary Capital files for a spot PEPE ETF proposal

The PEPE cryptocurrency fell 5.52% to about $0.00000405 following Canary Capital's filing for a proposed spot PEPE exchange-traded fund (ETF). The filing outlines plans for a trust to hold PEPE directly, with BitGo Bank & Trust as custodian, and proposes listing on the Cboe BZX Exchange. However, the ETF is still in the filing stage with no approval or launch date confirmed. PEPE remains over 80% below its all-time high, with near-term support estimated between $0.00000400 and $0.00000438.

PEPE's market cap on Pluang stands at Rp30.38 trillion as of Oct 07, 2026, 18:32 WIB, with a 24-hour trading volume of Rp3.9 trillion. The token's price dropped 5.75% in the last day to Rp0.0733, closely aligning with the reported decline in the news. Pluang data shows a strong sell sentiment with 71% of orders being sell orders, while the typical holding period is 56 days, indicating active trading interest around this asset.

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