The crypto market saw unexpected turbulence on March 11 as DUST Protocol and PUP Token recorded sharp declines. The sudden movement has fueled discussions around meme coins delisting, a trend that traders increasingly monitor in smaller-cap digital assets.
Within the last two hours, the price of DUST dropped from $0.00049 to $0.0002896, triggering panic among short-term holders. This rapid slide also impacted its valuation, pushing the project’s capitalization down significantly.
Price fell from $0.00049 to $0.0002896 within two hours
Total valuation declined to $297.7K, marking a 31.68% drop in 24 hours

Source: CoinMarketCap Official
A similar pattern appeared in PUP, although the decline was comparatively smaller. The token moved from $0.000432 to $0.000406, reflecting declining investor confidence over the past day.
Market metrics indicate that the project’s capitalization has also slipped as traders reacted to circulating rumors about exchange removals affecting smaller digital assets.
Price dropped from $0.000432 to $0.000406
Market cap currently stands near $405.9K, reflecting a 5.64% daily decline
Such movements in a short timeframe often raise questions about liquidity stability and investor sentiment in speculative tokens.

Source: CoinMarketCap Official
Recent data suggests that discussions around meme coins delisting may be contributing to the sell-off. Traders across social platforms have been sharing reports that some smaller tokens could face removal from exchange services.
The concern intensified after news surfaced that PUP is being removed from the MEXC Convert feature, a tool that allows instant token swaps on the platform.
However, there is no confirmed centralized exchange delisting announcement for DUST in recent reports. Despite that, rumors have been enough to shake confidence and accelerate the price fall.
PUP confirmed for removal from MEXC Convert feature
No official centralized exchange removal confirmed for DUST

Source: X Official
The selling pressure around DUST created strong reactions across the Solana ecosystem because of its historical connection to one of the network’s most recognized NFT projects.
DUST was originally launched as the utility asset for the DeGods ecosystem, which once held one of the largest communities on Solana.
The token supported several key functions:
NFT staking rewards
Community incentives and participation
Governance interaction
Access to ecosystem utilities
Because DeGods maintained strong community engagement, many investors previously believed the token would maintain long-term demand.
The rapid decline in these assets highlights how quickly sentiment can shift in low-cap projects. Even rumors about meme coins delisting can trigger sharp sell-offs as traders move funds toward more liquid or stable digital assets.
Analysts note that such volatility is common in tokens heavily influenced by social sentiment and community activity rather than long-term utility.
Small-cap projects remain sensitive to exchange decisions
Social speculation can rapidly impact price direction
The sudden decline in DUST and PUP highlights how sensitive smaller digital assets remain to rumors and liquidity shifts. Ongoing discussions around meme coins delisting continue to influence trader sentiment, demonstrating the importance of exchange support and ecosystem utility.
Krishna Tirthani is a dedicated crypto news writer with 1 year of hands-on experience in the cryptocurrency market. With a strong focus on market trends, token launches, price movements, and blockchain innovations, Krishna delivers timely, accurate, and easy-to-understand crypto content for both beginners and experienced investors.
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