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Martin Shkrel
2026-08-25 19:03:27

Martin Shkreli-linked memecoins plunge more than 94% within a day of Pump Fun debut

Two memecoins most closely tied to Martin Shkreli, CITRINI and MARTIN, fell at least 94% from their highs in less than 24 hours after he joined Solana launchpad Pump Fun, according to Protos. Shkreli had announced on Monday that he would start livestreaming his trades on the platform, drawing more than 700,000 views, while Pump Fun’s official account said he had posted a 6,263% gain and held $1.6 million in his wallet within a day. The rally did not last. MARTIN fell from $0.0031 on launch day to $0.00016 by Tuesday morning, leaving its market capitalization at roughly $150,000. CITRINI slid from $0.0031 to $0.000087, a 97% drop. Protos also tied the latest losses to earlier Shkreli-linked tokens, including Ethereum-based MSI and Solana-based DJT, both of which previously suffered collapses of more than 90% from their peaks. The report also noted renewed attention on Shkreli after his recent comments about shorting Moderna at $80, before the stock later rose 100% from that level following positive FDA Phase 3 results.

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Martin Shkreli-linked memecoins plunge more than 94% within a day of Pump Fun debut