Meme Coin Frenzy Cools, Altcoins Take the Spotlight
Pump.fun’s flagship coin PUMP dropped nearly 10% in a single day, dragging down related tokens such as TROLL and Aura, which shed double digits. The broader ecosystem’s market cap slid below $3.9 billion, though PUMP itself remains more than 140% higher than it was a month ago and only narrowly off its all-time peak from mid-September.
Prediction markets signaled the mood shift before prices caught up. On the platform Myriad, sentiment flipped overnight: bets on PUMP hitting a $4 billion market cap gave way to a majority predicting a fall closer to $2 billion.
Major meme names followed the retreat. Dogecoin, PEPE, BONK, PUDGY, and even newcomers like CHILLGUY all bled value, trimming the total meme sector to about $87 billion — a loss of nearly 5% in just 24 hours.
Broader Market Moves
The pullback in memes contrasted with relative calm across large-cap assets. Bitcoin eased just under 1% to $116,263, while Ethereum dipped 1.3% to $4,521, weighed down by lingering questions over staking yields. Compared to meme tokens, the majors showed resilience, suggesting capital may be rotating into safer bets.
Bright Spots in Gaming and ETFs
Elsewhere, pockets of the market surged. Immutable’s IMX token climbed 17% on Thursday and nearly 50% over the past week, lifted by the Federal Reserve’s rate cut and partnerships with Ubisoft and NetMarble. Analysts also credited optimism around the SEC’s approval of new listing standards for crypto ETPs, which could open the door for more altcoin-focused funds.
Meme culture did grab one victory: the rollout of the first DOGE ETF, which stunned analysts with nearly $6 million in opening-day volume. Bloomberg’s Eric Balchunas called the debut “shockingly solid,” noting most new ETFs rarely break the $1 million mark on day one.
Outlook
The week underscored a shift in crypto markets: speculative meme assets are cooling, but other sectors — from gaming tokens to ETF-linked altcoins — are finding fresh traction. Traders now face a choice between doubling down on volatile meme plays or reallocating toward assets with stronger institutional catalysts.
The information provided in this article is for educational purposes only and does not constitute financial, investment, or trading advice. Coindoo.com does not endorse or recommend any specific investment strategy or cryptocurrency. Always conduct your own research and consult with a licensed financial advisor before making any investment decisions.
The post Meme Coin Frenzy Cools, Altcoins Take the Spotlight appeared first on Coindoo.
You May Also Like
Litecoin Forms Ascending Triangle: LTC Price Target $90 Breakout
Stellar Integrates With Space and Time to Power Data-Driven Smart Contracts
