Solana-based memecoin launchpad Pump.fun has tanked 10% over a volatile 24-hour trading period, erasing earlier gains. The token’s price dropped from an intraday high of $0.007828 and $0.007133, ending the week trading in the red. Pump.fun value has declined  9.2% extending the downturn to its market cap, which slipped 8.4% to $2.53billion. The drop also affected the whole Pump.fun ecosystem. Their market cap has dropped 6% to $3.85 billion. TROLL is down 10%, Aura is down 12%, Fartcoin, PNUT, and Moo Deng have also experienced small declines.