PUMP tokens plummeted 9.2%, leading the Meme currency market to fall, still 11.5% lower than the historical high

On Friday, the emoticon coin market cooled down, and the flagship token of Solana platform Pump.fun, PUMP, plummeted 9.2% in 24 hours, dragging down the entire emoticon market. Despite PUMP's monthly gain of 142%, its market value decline caused its ecosystem value to fall 6% to $3.85 billion. Mainstream emoji coins such as Dogecoin (-3.6%) and PEPE also declined, with the overall emoji market value shrinking by 4.8% to $87.2 billion. In sharp contrast to Bitcoin’s slight decline of 0.8% to $116,263, altcoins other than emojis have risen, driven by the Securities and Exchange Commission’s (SEC) possible approval of crypto ETP projects and game token collaborations.