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October 3, 2026 11:48 am
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Memecoins on the Robinhood chain are undergoing a broad correction and trending lower, according to GMGN. Flagship memecoin PONS has a market capitalization of about $429 million, down 57% from its peak of $990 million, while posting a 19.5% decline over the past 24 hours.
Other major memecoins have also extended losses, including INU, down 30.9%, NOSH, down 33.2%, PARE, down 25.4%, MANY, down 20.4%, and microduck, down 21.7%.