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Crypto

Pepe Price Tumbles Despite ETF Filing

Guavy AI Editorial Team
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ETH PEPE
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Pepe, an Ethereum-based meme coin inspired by the Pepe the Frog internet character, has seen its price drop 5.4% over 24 hours to $0.00000428.

This decline comes despite news that Canary Capital filed an amendment for a spot PEPE ETF, with plans to list it on Cboe BZX.

While the ETF filing could add demand to Pepe, a filing is not a launch or approval, and the post itself does not provide any timeline for effectiveness or trading.

The current price of $0.00000428 sits below the channel midline and about 7.2% above the support level at $0.00000398.

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