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The meme coin market has taken a hit over the past 24 hours, with major tokens like Dogecoin and Shiba Inu dropping around 7%. The decline follows Pump.fun’s announcement that its highly anticipated PUMP airdrop won’t happen soon.
- Pump.fun's delayed airdrop announcement caused PUMP to drop 17.7% and exit the top 100 cryptocurrencies by market cap.
- LetsBonk, a rival platform, has dominated Solana token creations for 16 of the last 17 days, overshadowing Pump.fun.
- REKT, a meme coin tied to a drink company, surged 21.7% after announcing a collaboration with Binance.US.
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