- Pump.fun, dogwifhat and Pepe plunged sharply on Monday.
- The sell-off in memecoins followed Bitcoin’s retreat toward $112,000.
- Headwinds for risky assets could drive further pain for PUMP, WIF and PEPE.
Pump.fun, dogwifhat and Pepe collapsed as memecoins dropped amid renewed cryptocurrency volatility.
Memecoins came under heavy pressure after Bitcoin’s momentum cooled following last week’s surge to fresh highs above $117,000.
The benchmark cryptocurrency has since pulled back toward $112,000, a retreat that tempered broader market sentiment and prompted profit-taking across altcoins.
Over the past 24 hours, memecoins have been among the weakest performers.
PUMP, WIF and PEPE prices dump 10% or more
While Dogecoin, Shiba Inu and Bonk were also among the biggest losers, the downturn has been particularly severe for PUMP and WIF.
Pump.fun (PUMP) reached an all-time high of $0.01214 in July.
Following profit-taking and a general market decline, the token plunged to a low near $0.0060 after a bearish flip around $0.0089 on September 14.
Down more than 16% in the past 24 hours, Pump.fun’s losses mirror those of Pi Network and Conflux among the top 100 coins by market capitalization.
PUMP’s price has fallen about 25% over the past week, while panic selling has pushed trading volume up about 24% to more than $598 million.
Dogwifhat (WIF), the Solana-based meme token, fared no better.
WIF slid to $0.8010, a drop of 11% over the past day.
At the same time, trading volume surged roughly 102% to over $256 million amid broader altcoin weakness.
Whale sell-offs have weighed heavily, leaving the price about 83% below its all-time high of $4.85.
Pepe (PEPE), the Ethereum-based frog-themed memecoin, also continues to slide into bearish territory.
The token is consolidating near $0.0000097 after a roughly 10% decline over the past day.
Large sellers pushed daily volume up about 133% to $889 million.
What does the future hold for memecoins?
Is this crypto sell-off a sign of more pain ahead as Uptober approaches? Analysts say it’s likely.
Bitcoin down. Altcoins down more.
Nature is healing.
— The Wolf Of All Streets (@scottmelker) September 22, 2025
In the short term, the memecoin rout reflects a broader contraction in the crypto market, with total market capitalization slipping below $4 trillion amid declines in Bitcoin and Ethereum prices.
Multiple factors are at play, as stocks also gave back gains on Monday.
Headwinds affecting risk assets include macroeconomic forces such as Federal Reserve policy, trade developments and inflation dynamics.
The upcoming economic data release on Friday will be closely watched, as will the anticipated ETF approvals in the weeks ahead.
If Bitcoin resumes an upward trajectory, that would likely open a path for memecoins to recover within crypto’s cyclical outlook.