Pump.fun has tanked 10% over a volatile 24-hour trading period, erasing earlier gains

Solana-based memecoin launchpad ￰0￱ has tanked 10% over a volatile 24-hour trading period, erasing earlier ￰1￱ token’s price dropped from an intraday high of $0.007828 and $0.007133, ending the week trading in the ￰2￱ value has declined 9.2% extending the downturn to its market cap, which slipped 8.4% to $2.53billion. The drop also affected the whole ￰3￱ ￰4￱ market cap has dropped 6% to $3.85 ￰5￱ is down 10%, Aura is down 12%, Fartcoin, PNUT, and Moo Deng have also experienced small declines. Pump. fun’s 30-day rally remains intact, but short-term risks ￰6￱ is still up 142% in the past 30 days.

Also, PUMP remains just 11.5% below its all-time high of $0.008819, reached September 14. Pump. fun’s price is tied to its aggressive token buyback program for its native ￰7￱ launching the initiative in July, the platform has purchased $97.4 million worth of PUMP, which offset 6.67% of the total circulating supply, according to the official buyback ￰8￱ allocates 100% up from an earlier 25% of its platform revenue to buy back PUMP ￰9￱ policy, which started in late July 2025, uses all prior-day revenue for daily repurchases. Also, the token processed $942 million in transaction volume on Sunday before topping $1.02 billion on ￰10￱ reported by Cryptopolitan, this translated to surpassing the perpetual exchange Hyperliquid in revenue for two consecutive ￰11￱ stablecoin projects Circle and Tether, it ranked third in 24-hour revenue among DeFi ￰12￱ to analysts, PUMP’s drop stems from a mix of profit-taking, overheated technicals, and fragile market ￰13￱ its 30-day rally remains intact, short-term risks ￰14￱ needs to hold the $0.007368 Fib level, which is currently almost out of ￰15￱ 10 memecoins are all in red The top 10 memecoins have all declined in the last 24 ￰16￱ slid 6.6%, Shiba Inu is down 4%, PEPE is down 5.6%, Meme core is down 11.5%, PUDGY dipped by 8.2%, BONK notched a decline of 5.7%, and TRUMP has dropped 2.8%.

Collectively, the meme market shed 6.37% over the past day, shrinking to $77.09 ￰17￱ 10 memecoins price action in 24hrs.