The $1.4 billion pulled out of meme coins is worth watching more closely than Bitcoin’s 54% pullback from its peak.
Analyst Darkfost estimates that meme coins on Binance have seen cumulative selling pressure of more than $1.4 billion since Bitcoin peaked last October. Bitcoin is currently down about 35% from its peak, trading at $82,296.79, with a range of $80,684.36 to $83,158 and a 24-hour gain of 0.95%. While the broader market continues to fluctuate at high levels, meme coins are steadily bleeding capital.
Meme coins’ share of the total altcoin market cap has fallen below 3%, a historic low. Darkfost’s explanation is straightforward: these assets have no fundamental support, and their prices are driven by sentiment and cultural trends, so they naturally face greater downside pressure during corrections. With liquidity drained to this extent, a recovery will be all the harder. $BTC #比特币 #MemeCoins
#Altseason
Analyst Darkfost estimates that meme coins on Binance have seen cumulative selling pressure of more than $1.4 billion since Bitcoin peaked last October. Bitcoin is currently down about 35% from its peak, trading at $82,296.79, with a range of $80,684.36 to $83,158 and a 24-hour gain of 0.95%. While the broader market continues to fluctuate at high levels, meme coins are steadily bleeding capital.
Meme coins’ share of the total altcoin market cap has fallen below 3%, a historic low. Darkfost’s explanation is straightforward: these assets have no fundamental support, and their prices are driven by sentiment and cultural trends, so they naturally face greater downside pressure during corrections. With liquidity drained to this extent, a recovery will be all the harder. $BTC #比特币 #MemeCoins
#Altseason