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PEPE memecoin eyes institutional leap with first-ever pure memecoin ETF filing amid whale accumulation.

Market News
02 Jun 2026
Crypto news
View Source
Neutral
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PEPE's price has dropped 86% from its 2024 peak but gained renewed interest after Canary Capital filed for the first spot PEPE ETF, marking a potential institutional breakthrough for memecoins. Whale wallets have accumulated trillions of tokens despite market declines, signaling smart money positioning ahead of the SEC's decision expected by late 2026. PEPE's future hinges on ETF approval, Bitcoin's price action, and maintaining social relevance amid rising competition. The ETF decision will set a precedent for memecoin institutional access, with scenarios ranging from a bullish $0.000060 price by 2030 to a bearish $0.0000010 if rejected.

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