PEPE Has Closed Below Its One-Year VWAP on 286 of 366 Days. That Is the Whole Setup
PEPE trades at $0.00000443 USD, or $0.00000628 CAD, up 1.80% on the day and 22.55% over the past week. Data as of September 24, 2026. That week has been good enough to get plenty of attention, and it still leaves the token 10.2% below one specific number: $0.00000494, its volume-weighted average price over the last 365 days. Over those 366 daily closes, PEPE finished above that level exactly 80 times.
Eighty out of 366. The other 286 days it closed underneath. That is the entire story of PEPE’s last year in one ratio, and it is the only thing on this chart we would call genuinely decision-relevant right now.
What an anchored VWAP actually is
An anchored volume-weighted average price is the average price everyone trading the token has actually paid since a chosen starting date, with each day’s price weighted by how much volume traded that day. Anchor it 365 days back, as we have here, and you get one number that summarises what the last year of buying and selling cost on average: $0.00000494 for PEPE.
It is not a moving average and it is not a forecast. It is a description of where the money went. That is why we prefer it for an asset with no earnings, no filings and no cash flow to model. There is nothing to value here, so the honest thing to analyse is the price record itself, and an anchored VWAP is the cleanest summary of that record available.
The record is lopsided, and it is checkable
Here is the year in figures, all from our own calculation on CoinGecko’s daily history to September 24, 2026:
| Measure | Value |
|---|---|
| Price | $0.00000443 USD |
| 365-day anchored VWAP | $0.00000494 USD |
| Distance from VWAP | 10.2% below |
| Days closed above VWAP | 80 of 366 |
| Days closed below VWAP | 286 of 366 |
| 365-day high | $0.00001022 (2025-10-07) |
| 365-day low | $0.00000232 (2026-07-02) |
Twenty-two percent of sessions above the line, seventy-eight percent below it. We are describing what happened, not claiming to know why it happened, and we are not going to invent a mechanism for you. But the description is unambiguous: for a year, every approach to $0.00000494 has ended with PEPE back underneath it.
Which is exactly what makes the current position interesting rather than routine. After the 22.55% week, the level PEPE has failed at repeatedly all year is now directly overhead, roughly 11% above the current price. This is not a subtle setup. It resolves one of two ways and both are visible on a chart.
Two ways this goes
It fails again. On the evidence, this is the base case, and we would be doing readers a disservice to soften it. Seventy-eight percent of the last year’s closes support it. So does the wider picture: PEPE is down 54.08% over twelve months and sits 84.1% below its all-time high of $0.00002803 USD, set on December 9, 2024. The token has no product, no company, no revenue and no reporting obligation. Nothing arrives in the next quarter to change the arithmetic.
It reclaims the level and holds it. That would be the first genuine change of character in a year. Not a rally, a change of regime: a daily close above $0.00000494 that does not immediately reverse would put PEPE in the minority 22% of its own recent history, and it would be the first time since 2025 that the average buyer of the last year is not underwater. We are not forecasting it. We are saying it is the one event on this chart that would mean something, and it is measurable to the decimal, which is more than most crypto commentary offers.
Worth noting what the shorter windows say about the current move. PEPE is up 22.55% over seven days but only 12.90% over thirty, which means the three weeks before this one gave ground on net. The rally is a week old, not a month old. It is also happening on real turnover: $444.2 million USD changed hands in 24 hours against a $1.87 billion USD market cap, close to a quarter of the entire float in a day.
PEPE beside PENGU: differences, not a verdict
We are covering two memecoins today, and readers weighing one against the other deserve the differences laid out plainly rather than ranked.
Size and history. PEPE is the larger and older of the two, ranked #53 with a $1.87 billion USD market cap, with price history running back to its all-time low of $0.00000006 USD in April 2023. Our explainer on PENGU and the Pudgy Penguins token covers the younger asset’s background in full.
Supply. PEPE’s 420.69 trillion tokens are fixed and fully circulating. There is no unlock schedule and no future issuance. PENGU still has roughly 26 billion tokens to come, 41% above what circulates today. A fixed float is not a reason to own something; it simply removes one variable from the question.
Position against their own VWAPs. PEPE sits 10.2% below its one-year anchored VWAP. PENGU sits 25.8% below its own. PEPE is closer to reclaiming its level, which tells you something about relative distance travelled and nothing at all about which one gets there.
What is behind the token. PENGU is attached to a brand with a licensing business. PEPE has no product, no company and no filing of any kind. That is a real structural difference and we will not pretend otherwise, but it is not a valuation either, and anyone telling you it maps cleanly onto returns is guessing.
None of those four is a verdict. Both assets are down heavily from December 2024 records, both are speculative, and the differences above are inputs to your own decision rather than a ranking we are handing you.
What this means for a Canadian investor
If you hold PEPE or are thinking about it, the practical takeaway is that you now have a single number to watch instead of a mood. $0.00000494 is the level. Closes above it have been rare for a year. Whether that changes is knowable in days rather than quarters, and you do not need anyone’s price target to read the outcome.
The wider caution is the one that applies to this entire category. A token with no cash flow can go to any price in either direction, and the 84.1% drawdown from the 2024 high is what that looks like in practice. Size any position accordingly. Canadians who would rather take crypto exposure through something that files financial statements can start with our coverage of Canadian crypto stocks, which is a different risk profile entirely, not a safer version of the same bet. We have applied the same “one checkable level” approach to larger assets before, including bitcoin’s golden cross.
The setup here is clean and the evidence is lopsided, and neither of those settles what happens next.
Data as of September 24, 2026. Prices and market data from CoinGecko; VWAP, range and day-count figures are our own calculations from CoinGecko daily history.
Every price, supply and volume figure above comes from CoinGecko, pulled September 24, 2026.
The anchored VWAP in this piece is read from the PEPE chart on TradingView, which is where we do our technical work.
Disclaimer: The content on bestcanadianstocks.ca is for informational and entertainment purposes only and does not constitute financial advice. Past performance is not indicative of future results. Always consult a qualified financial advisor before making investment decisions. Prices, supply and 365 days of daily volume history from CoinGecko, pulled September 24, 2026. The anchored VWAP levels are our own TradingView work and are identified as such in the piece.
