In the memecoins’ sector, fortunes rocketed sky-high can just as easily crash down in a fiery blaze of digital glory, and Pump.fun’s token PUMP just took a spectacular dive.
After riding a 142% growth over the past month, this Solana-based launchpad’s star token tumbled 9.2% in a single day, dragging the whole memecoin circus down with it.
PUMP’s market cap to $4 billion?
PUMP jumped to lofty heights, flirting just 11.5% below its all-time high of $0.008819 set on September 14.
It even boosted Pump.fun’s mobile app daily users by 450% in three months. But the fall, oh, the fall was swift and dramatic. By Friday morning, PUMP was trading near $0.0072, leaving hopeful holders licking their wounds.
Over on Myriad, the prediction market, the mood flipped faster than you can say to the moon.
Thursday’s bettors gave a 54% shot that PUMP’s market cap would hit a $4 billion supernova, only to retreat to a grim 66% likelihood that it’d sink to a 2 billion black hole by next round. That’s confidence for you.
Carnage
And PUMP’s tumble dragged down its whole ecosystem, or at least, the memecoin sector.
The market cap cratered 6% to $3.85 billion with casualties including TROLL down 10%, Aura slipping 12%, and smaller coins like Fartcoin and Moo Deng limping along behind the carnage.
Memecoin heavyweights dishonored Dogecoin and its merry band weren’t spared. DOGE slid 3.6%, Pudgy Penguins’ PUDGY lost 5.1%, while newer wildcards like CHILLGUY and the hilariously named HarryPotterObamaSonic10Inu took hits north of 6%.
The whole meme market shrank 4.8% in one day to $87.2 billion. It’s a brutal jungle out there.
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Partying hard
Counterpoint, big-league cryptocurrencies were chilling with only mild bruises.
So what’s the moral here? Memecoins are partying hard, but the hangover in the crypto bar arrived early this time.
If you’re chasing those flashy pumps, be ready for the slapdash dumps. The meme mania can sour as fast as it bubbles, and sometimes it’s the market’s way of saying, hold my beer.
Disclosure:This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.
Kriptoworld.com accepts no liability for any errors in the articles or for any financial loss resulting from incorrect information.
Cryptocurrency and Web3 expert, founder of Kriptoworld
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With years of experience covering the blockchain space, András delivers insightful reporting on DeFi, tokenization, altcoins, and crypto regulations shaping the digital economy.
📅 Published: September 21, 2025 • 🕓 Last updated: September 21, 2025
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