The “Memescope Monday” buying and selling occasion flopped and has left merchants with a nasty case of the Monday blues after it failed to tug within the wins and highs of memecoins’ earlier days.
Final week, varied memecoin merchants constructed up hype for the occasion that may see a neighborhood of merchants all shopping for and promoting Pump Enjoyable memecoins collectively in an try to spice up buying and selling quantity and relive the buying and selling days of 2024 and 2025.
One of many larger voices calling for the occasion, a crypto influencer referred to as Orangie, inspired college students to skip faculty and commerce memecoins as an alternative, earlier than deleting the video.
The hype labored, and exercise throughout Pump Enjoyable elevated, with the variety of tokens created on Monday leaping by 83% in 24 hours, and Pump Enjoyable’s every day quantity rising by 78% from the day before today.
Nonetheless, the day noticed extra losses than wins, and now sentiment throughout crypto merchants is poor, with customers saying that “memecoins are over” and that Monday’s buying and selling get-together was a “mass extraction event.”
By no means seen a lot doomer posts about memecoins within the final 24 hours
Sentiment is totally cooked
Memecoin Monday simply killed off loads of hope for the long run
Alon might’ve spent one days of pumpfun income to crime a coin to thousands and thousands, and nothing even cracked 500k
Unhappy
— Dex (@DextersRebirth) March 30, 2026
Crypto dealer Scharo claimed that quantity seemed promising to start with, however as quickly as Orangie started his memescope stream and “got rinsed,” buying and selling quantity started to die.
Orangie shared that he misplaced over $3,000. His buying and selling stream solely lasted a few hours, and when he misplaced his earnings, he proceeded to play video games on his PC as an alternative.
Scharo claimed that “the moment [Orangie] stopped pushing, the trenches went quiet and retail disappeared.”
Scharo was additionally upset that neither Pump Enjoyable nor its chief working officer (COO), Alon Cohen, posted something on the large day.
It’s unclear how concerned Pump Enjoyable was within the occasion’s creation, because the platform solely made a single promotional put up the night time earlier than.
The crypto influencer RASMR famous that the third high dealer on Monday, in line with FOMO, solely managed to make $12,000, with the second and high merchants of the day making roughly $23,000 and $24,000.
He in contrast these dealer earnings to earlier dealer leaderboards the place individuals would make over $500,000 on memecoins. As such, he claims the low wins present Memescope Monday was an “utter atrocious disaster” and the way “dead everything is on-chain.”
Memescope Monday dealer misplaced $90K to drainer
Different merchants suffered losses outdoors their management, as one X account claimed that 1100 SOL (value roughly $90,000) was stolen from them in a draining incident that happened through the occasion.
Thompsonrueul stated, “I don’t know what to feel, and I don’t know what to do,” and pleaded for assist from the crypto neighborhood. Their funds are reportedly nonetheless sitting within the thief’s pockets.
Thompsonrueul claims they reside in a “third world country” and that it took two years to construct up their crypto funds.
Others famous that throughout the board, it was arduous to make any earnings on memecoins on Monday as extra skilled, devoted merchants have been capable of shortly promote their tokens utilizing the liquidity of newcomers.
Certainly, that appeared to place off the crypto influencer Gainzy, who stated that it’ll primarily be merchants shortly promoting their tokens.
He stated, “The people that make the most money on memes have the shortest hold time. They’re farming you, you’re exit liquidity, this should be very obvious.”
It was no shock for many, as there was already a consensus earlier than the occasion that it could be an ideal alternative for pump-and-dumpers to make earnings.
Memescope Monday solely managed to maneuver the value of Pump Enjoyable’s token up by 4% yesterday. It has since fallen decrease from this level and is now 81% down from its all-time-high final yr.
