Seeing the recent market trend, it feels like it’s “still got legs”—everything seems to be pulling up～

Canary has also officially submitted the $PEPE spot ETF application, which might be one of the most important events in meme coin history!

They filed the S-1 on April 8, with the fund directly holding PEPE spot, and leaving some ETH to pay fees. This is absolutely a major positive catalyst for PEPE and the entire meme sector—the leading position is even more solid.

But it’s just an application, not yet approved; the SEC review cycle is long and difficult, so don’t be too optimistic.

In the short term, there could be pullbacks—when a positive catalyst lands, it’s often accompanied by shakeouts.

The liquidity is also highly concentrated: the top 10 wallets hold about 38-41% of the circulating supply. Before institutions truly come in, whales still call the shots, and volatility will be extremely extreme.

That said, the daily chart has been moving sideways for a long time, and spot can be accumulated in batches at lower levels. Everyone knows meme coin rallies! It’s ruthless.

Stop loss: 0.000003, mainly for short-term trading!

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