Recent downturns in the cryptocurrency market have placed significant pressure on popular memecoins, leading notable tokens such as Pump.fun, Dogwifhat, and Pepe to experience drastic price declines while Bitcoin fluctuates around $112,000.
Memecoin Prices Plummet Over 10%
Major players in the memecoin market, including Dogecoin, Shiba Inu, and Bonk, have taken heavy hits. The decline has been especially severe for Pump.fun (PUMP) and Dogwifhat (WIF). Once peaking at $0.01214 in July, Pump.fun has seen its value plunge to $0.0060 after hitting a bearish turnaround around $0.0089 on September 14.
This represents a staggering decline of more than 16% over just 24 hours. Additionally, Pump.fun’s price has dropped 25% over the past week, coinciding with a 24% spike in trading volume to over $598 million.
Meanwhile, Dogwifhat (WIF), an emblematic Solana-based token, has not fared any better, falling to $0.8010 and down 11% in the previous day. Its trading volume surged by 102% to more than $256 million amidst a wider sell-off in the altcoin market. At its current price, WIF remains a somber 83% below its all-time high of $4.85.
Pepe (PEPE), an Ethereum-themed memecoin, similarly continued its descent into bearish territory, consolidating near $0.0000097 after a 10% drop in one day. Significant sales from larger investors have driven its daily trading volume up by 133% to $889 million.
What’s Next for Memecoins?
The recent collapse in the cryptocurrency market raises questions about future prospects for memecoins, particularly as analysts predict further challenges moving into the upcoming Uptober period.
Bitcoin down. Altcoins down more.
Nature is healing.— The Wolf Of All Streets (@scottmelker) September 22, 2025
The memecoin downturn reflects a broader contraction in the cryptocurrency market, where total capitalization has fallen below $4 trillion amid declining Bitcoin and Ethereum prices. A combination of macroeconomic factors, including Federal Reserve policies, trade dynamics, and inflation, are also influencing market sentiments.
Key data releases scheduled for Friday, along with upcoming cryptocurrency ETF approvals, may significantly impact market behavior. A potential recovery in Bitcoin could pave the way for a resurgence in memecoins, considering the cyclical nature of the crypto market.
Meet William, a proud Bethel University alumnus with a fervent passion for lifestyle and culture topics. His keen interest doesn’t stop there; he’s also deeply engrossed in current events of all kinds. William dedicates himself wholeheartedly to this site, thriving on the collaborative energy he shares with Suzanne, his long-standing partner in crime.
Having navigated their university courses side by side for years, their teamwork on the site is nothing short of dynamic. Together, they bring a unique blend of insights, proving that two heads are indeed better than one in delivering compelling content.
