In brief
- The native token for meme coin launchpad Pump.fun led losses among crypto’s meme economy Friday morning.
- Dogecoin, PEPE, BONK and other top meme tokens also lost ground, underperforming Bitcoin and Ethereum.
- Gaming token Immutable jumped 17% on the day, buoyed by partnerships and broader altcoin momentum.
Meme coin markets cooled on Friday morning as Solana token launchpad Pump.fun’s flagship token tumbled by 9.2% in 24 hours, leading a wider retreat across the sector.
The token, now priced at $0.007213, has nevertheless surged 142% over the past 30 days. PUMP remains just 11.5% below its all-time high of $0.008819, reached September 14, per CoinGecko data. The mobile app has seen daily active users rise 450% in the past three months, according to company figures.
On prediction market Myriad (launched by Decrypt‘s parent company DASTAN), users flipped on PUMP
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Author: Callan Quinn
