According to BeInCrypto, Canary Capital filed the first S-1 for a spot PEPE ETF on April 8, marking the first attempt at bringing a meme coin into regulated ETF markets. The filing has created significant market attention, with PEPE holder addresses jumping by 37,000 to roughly 551,500 according to CoinMarketCap data. PEPE responded with a 21% gain over 30 days following the ETF announcement, demonstrating strong institutional interest in the memecoin sector. The ETF filing has not been approved but has sent fresh capital into the meme coin sector at a pace not seen since early 2024. This development represents a significant milestone for PEPE's institutional credibility and market positioning.
According to reports from AMBCrypto, PEPE managed to capture over 1,500 new wallet addresses in the past two weeks, bringing the total to 553,446 holders as of press time. Similarly, SHIB's network grew from 1.583 million to 1.585 million holders for the same period. This steady growth in holder numbers reflects meaningful but gradual adoption of memecoins, with the broader memecoin sector showing slight rebound in recent weeks before cooling off. Recent developments show whale wallets moved 1.1 trillion SHIB off exchanges in the past seven days, pushing reserves to the lowest level of 2026, while PEPE whale withdrawal of 800 billion tokens has put the original token back in the spotlight. The latest data from Cryptopolitan confirms SHIB trades near $0.0000058, sitting approximately 93% below the 2021 all-time high of $0.0000090.
As reported by AMBCrypto, whales control almost 90% of PEPE's total cap but represent only 0.11% of all PEPE holders. Sharks hold approximately 5% of the market and account for 0.53% of all holders. For SHIB, whales hold 95% of the total supply but represent only 0.05% of all holders. Notably, wallets holding between $1,000 and $10,000 in SHIB control 1.81% of the supply, slightly more than those with tokens valued between $10,000 and $100,000. Recent market activity shows whale movements can change sentiment quickly, especially in meme markets where large wallets often shape short-term expectations. The latest data from Shibarium reveals more than 374 billion SHIB left exchanges in seven days, with exchange reserves falling to roughly 82.31 trillion SHIB - the lowest point of 2026.
According to AMBCrypto analysis, both memecoins had broken descending resistances, indicating symmetry across popular multibillion-cap memecoins. PEPE was trading back toward the broken resistance, with the token trading above the Ichimoku Cloud around $0.00000371 but potentially dropping to $0.00000300. The Stochastic Momentum Index is oversold at -68, which typically indicates price reversal potential. PEPE is testing critical support at $0.00000310 after declining 85% from its December 2024 peak, with traders watching the $0.0000046 resistance level as the token tries to rebuild momentum. Shiba Inu was approaching slanting resistance with selling pressure declining from 437 billion SHIB to 37 billion tokens according to the Cumulative Volume Delta. SHIB faces resistance at $0.0000065 and finds support near $0.0000063, with analysts projecting a May average around $0.0000068 according to Changelly.
As reported by AMBCrypto, token trading volume surged by 21% over the past 30 days, with traders exchanging more than $3 billion in capital across PEPE, FLOKI, and other culture coins. The number of monthly active addresses increased by about 7%. However, most of the memecoins' market cap remains more than 60% below their Fully Diluted Values (FDV). Recent market developments show Bitcoin fell to $78,000 after hot inflation data wiped $580 million in longs, while SOL dropped to $86.22 after losing 5% in the selloff. Despite the broader market pullback, whale wallets bought 61,000 BTC during the pullback, and $858 million in institutional inflows last week signal that big buyers treat current levels as entry points. The total crypto market cap climbed from its February low of $2.2 trillion to $2.58 trillion as Bitcoin held above $78,300.
