- On Monday, prices for Pump.fun, Dogwifhat and Pepe plunged sharply.
- The decline for memecoins occurred as Bitcoin fell to nearly $112,000.
- Headwinds for risk assets could push PUMP, WIF and PEPE to suffer further losses.
Pump.fun, Dogwifhat and Pepe tumbled as memecoins weakened amid renewed volatility across the cryptocurrency market.
Memecoins came under heavy pressure after Bitcoin’s momentum cooled following last week’s surge to fresh highs above $117,000.
Since then, the benchmark cryptocurrency slid to around $112,000, denting overall market sentiment and triggering profit-taking across altcoins.
Over the past 24 hours memecoins ranked among the biggest losers.
PUMP, WIF and PEPE Prices Fall More Than 10%
While Dogecoin, Shiba Inu and Bonk were among the larger decliners, the pullback hit PUMP and WIF particularly hard.
In July Pump.fun (PUMP) reached an all-time high of $0.01214.
However, amid profit-taking and a broader slide, the token dropped to a low of $0.0060 after a bearish reversal around $0.0089 on September 14.
With a more than 16% drop over the past 24 hours, Pump.fun has mirrored losses seen by Pi Network and Conflux among the top 100 coins by market capitalization.
PUMP’s price is down 25% over the past week, while panic selling has pushed trading volume up 24% to over $598 million.
Dogwifhat (WIF), a Solana-based memecoin, also suffered steep losses.
WIF fell to $0.8010, down 11% in 24 hours.
Meanwhile, trading volume surged 102% to over $256 million amid broader altcoin weakness.
Whale sell-offs helped bears: the token now trades about 83% below its all-time high of $4.85.
Pepe (PEPE), the frog-themed Ethereum memecoin, has likewise slid deeper into bearish territory.
The memecoin is consolidating near $0.0000097 after a 10% drop over the last day.
Large sellers pushed daily volume up 133% to $889 million.
What’s Next for Memecoins?
Is the crypto sell-off a sign of more pain ahead during “Uptober”? Analysts say it’s possible.
Bitcoin down. Altcoins down more.
Nature is healing.
— The Wolf Of All Streets (@scottmelker) September 22, 2025
In the short term, the memecoin rout appears symptomatic of a wider contraction across the crypto market, where total capitalization dipped below $4 trillion amid declines in Bitcoin and Ethereum prices.
Multiple factors are converging, with equities also losing ground on Monday.
Headwinds for risk assets include macroeconomic pressures such as Federal Reserve policy, trade developments and inflation dynamics.
Upcoming data releases on Friday will be watched closely, as will any expected ETF approvals in the coming weeks.
A market recovery led by renewed strength in BTC would open the door for memecoins to rebound as part of the broader crypto cycle.