The meme coin market cap declined approximately 4.2% in a single day, settling near $35.2 billion as of September 28, while the broader cryptocurrency market weakened by 1.7%. The biggest 24-hour gains came from tokens launched just hours ago, such as Baby Cali on Solana which surged roughly 11,400%, though these gains have already largely evaporated. Among large-cap names, PUMP leads with a 12% gain and a $2.44 billion market cap, supported by Pump.fun generating $2.11 million in daily fees. DOG, SPX, and NPC dropped between 11% and 14%, illustrating the market’s rotation toward short-lived catalysts rather than a broad sector rally. BTC is reclaiming the $85,000 level, a key threshold to monitor for sustained upward momentum.
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