The meme coin market faced a brutal week as bearish sentiment dominated. Pump.fun found itself in legal trouble yet again, Elon Musk’s father made a surprising entry into the crypto scene, and the dream of a Meme Coin Supercycle is starting to look like a fading mirage.
- Pump.fun Faces Another Lawsuit – The controversial meme coin launchpad is under fire again, with allegations of raking in nearly $500 million in fees while violating U.S. securities laws. The lawsuit targets the U.K.-registered Baton Corporation and its founders.
- Errol Musk Steps Into Crypto – Elon Musk’s father, Errol Musk, is seeking to raise $200 million for his Musk Institute via a meme coin called Musk It (MUSKIT). However, the token has struggled, losing over 52% of its value since launch.
- New Player in the Game: Flaunch.gg – A new launchpad, Flaunch.gg, is shaking things up by giving 100% of its fees to developers and implementing safeguards against early sell-offs.
Meme Coin Charts: 7-Day Insights
It was a bloodbath across the board, with meme coin market caps nosediving amid broader market turmoil. The overall meme coin market cap plummeted from $92.40 billion to $72.30 billion, a staggering 28% drop in one of the worst weeks for crypto in recent memory. Liquidations ranged from $2 billion to $8 billion.
- FU Defies Gravity – While most top meme coins went sideways, FU stood out as one of the few to resist the broader market downturn.
- Trump Tariffs Shake the Market – With Trump’s unexpected tariffs and other macroeconomic factors creating uncertainty, Bitcoin, Ethereum, Solana, and XRP all lost value. The much-anticipated Trump pump turned into yet another disappointment.
- PAIN or Masterclass? – Many thought PAIN was a rug pull, but the team may have just executed a perfect launch strategy that generated massive hype.
Biggest Gainers
- Musk It (MUSK): +135.8%
- Act 1: The AI Prophecy (ACT): +16.68%
- Comedian (BAN): +15.96%
Biggest Decliners
- Ai16z (AI16Z): -45.15%
- SPX6900 (SPX): -39.67%
- Notcoin (NOT): -36.20%
- Gigachad (GIGA): -35.40%
- Brett (BRETT): -34.19%
Meme Coins by Blockchain
Solana Memes
- Act I: The AI Prophecy (ACT) surged 35% and announced a partnership with Unicorn Verse.
- dogwifhat (WIF) is down 82% from its ATH.
Ethereum Memes
- Amaterasu Omikami (OMIKAMI) rose 10% as it continued its “final journey for teh people.”
- Dogelon Mars (ELON) climbed 3%, proclaiming itself the “King of Coins.”
Tron Memes
- Fofar (FOFAR) gained 6% but remains a risky play due to Tron meme coins’ generally lower market caps.
SUI Memes
- Tardi (TARDI) soared 60% with the launch of a community rewards program.
- AXOL (AXOL) gained 8%, riding a wave of community hype.
Base Memes
- Ski Mask Dog (SKI) increased 3%
- Henlo (HENLO) climbed 9% as it received some high-profile shilling.
Bitcoin Runes
- All top Rune tokens are down bad, proving once again that Bitcoin meme coins remain highly volatile.
Meme Coin News
Pump.fun Hit with Another Lawsuit
Pump.fun is once again in legal trouble, with a new class action lawsuit alleging it has pocketed nearly $500 million in fees while violating securities laws. The suit names founders Alon Cohen, Dylan Kerler, and Noah Tweedale. Good luck finding their doxxed accounts!
Errol Musk’s Meme Coin Ambitions
Elon Musk’s father, Errol Musk, is attempting to raise $200 million through the Musk It (MUSKIT) token for his Musk Institute, which focuses on futuristic projects like flying vehicles. So far, the token has struggled, losing over half its value since launch.
Ross Ulbricht Wallets Lose $12M in Trading Blunder
Crypto wallets linked to Silk Road founder Ross Ulbricht reportedly lost $12 million due to a trading error involving the fan-made meme coin ROSS. A mispriced liquidity setup on the Raydium DEX led to massive losses, with the token’s value crashing by 90%.
Is Flaunch.gg the Next Pump.fun Killer?
A new launchpad, Flaunch.gg, could be a game-changer. Built on the Base Network, it gives 100% of fees to developers, has an automated buyback system, and enforces a 30-minute no-sell rule to prevent immediate dumps. It also decentralizes revenue streams via NFT-based ownership. Could this be the end for Pump.fun?
Final Thoughts
This week hasn’t been a particularly kind one for meme coins, with all of them taking a pounding in terms of loss. Hopes for a Meme Coin Supercycle have taken a hammering with legal scandals, market crashes, and fair launch controversy dominating all the spotlight. Yet, the meme coin universe is as mercurial as ever—anything could wreak havoc in a week’s time.
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