# Memecoin market volatility and price fluctuations

> Live situation record from CLSTR: https://clstr.news/situations/memecoin-market-volatility-and-price-fluctuations
> Updated: 2026-10-23T20:40:41.000Z. Sources: 2. Developments: 2.

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.

## Timeline

### 2026-10-23: 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 sources. https://clstr.news/cluster/pepe-memecoin-reclaims-2-billion-market-capitalization

### 2026-10-03: 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.

3 sources. https://clstr.news/cluster/memecoins-pengu-pepe-and-pump-face-significant-market-declines

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Cite as: Memecoin market volatility and price fluctuations. CLSTR, https://clstr.news/situations/memecoin-market-volatility-and-price-fluctuations