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2 clusters · 2 sources · 21 days · First seen · Last updated

Memecoin market volatility and price fluctuations

Overview

The memecoin market experienced significant volatility in October 2026. Initially, several tokens, including PENGU, PEPE, and PUMP, faced sharp declines. PENGU fell approximately 10.61% within 24 hours, while PUMP saw over $8.3 million in long liquidations amid a 55% increase in trading volume.

By late October, the market trend shifted for certain assets. The PEPE memecoin reclaimed a market capitalization of approximately $2.08 billion, driven by a price rally that saw daily increases of over 10%. This surge was supported by a short squeeze, resulting in over $2.4 million in short liquidations. However, analysts noted potential for further volatility due to an inflow of 2.11 trillion PEPE tokens back into exchanges, suggesting possible profit-taking.

Entities

PEPE · Coinglass · Lookonchain · Pudgy Penguins · Bitcoin

Timeline

  1. [BUSINESS] 2 sources
    PEPE memecoin reclaims $2 billion market capitalization

    PEPE memecoin reclaimed a $2.08 billion market cap after a 10% daily rally, driven by heavy short liquidations and outperforming Bitcoin.

  2. [BUSINESS] 3 sources
    Memecoins PENGU, PEPE, and PUMP face significant market declines

    Memecoins including PENGU, PEPE, and PUMP faced significant declines, with PUMP seeing over $8.3 million in long liquidations amid high volatility.

Sources

ambcrypto.com · livebitcoinnews.com