Binance Sees $1.2 Billion in Meme Coin Selling Pressure
Binance data shows that selling pressure is hitting the most speculative tokens the hardest, while new launches like Cash Cat are only creating short-lived hype.
Key Takeaways
- Meme coins have seen more than $1.2 billion in net selling on Binance since Bitcoin hit its record high in October 2025.
- Selling pressure on risky crypto assets keeps building, while new launches like Cash Cat only spark brief rallies.
- Meme coin dominance fell to 3.7% of the altcoin market, while Dogecoin, Shiba Inu, Bitcoin, and Ethereum all dropped sharply over the past 12 months.
Meme coins have taken in more than $1.2 billion (€1.1 billion) in net selling on Binance since Bitcoin reached its all-time high in October 2025. The numbers highlight just how hard the most speculative part of crypto is being hit during this extended correction, even as new token launches continue to produce only fleeting bursts of excitement.
Selling Pressure Keeps Going
Analyst Darkfost said cumulative net volumes from October through July have been trending lower without much interruption. In his view, that points to sustained selling pressure across the riskiest assets in crypto and reinforces the idea that this corner of the market comes with a high chance of capital loss.
That reading lines up with the broader weakness across the sector. Bitcoin has retreated from its October peak, and that has put even more pressure on the tokens that depend most on speculation. Meme coins sit at the top of that group.
Brief Rallies, Weak Trend
Fresh launches can still cause a quick pop. Cash Cat (CASHCAT), a token on Robinhood’s new blockchain, climbed to a market cap of more than $200 million (€175 million) within days of the chain going live on July 1. Darkfost said that kind of early momentum is often driven by novelty, but it usually does not last.
The weakness is also showing up at the sector level. It was previously reported that meme coin dominance has fallen to 3.7% of the altcoin market, the lowest level since February 2024. Even so, trading remains extremely choppy: the total market cap of meme coins dropped 4% over the past 24 hours, while trading volume surged 87%, suggesting heavy activity in an unsettled market.
Why This Matters
For European crypto readers, the takeaway is that liquidity can move out of the most speculative parts of the market very quickly. The SEC also said in February 2025 that typical meme coins are generally not treated as securities under federal securities laws, which gave the sector more legal clarity, but it does not change the fact that these assets remain highly risky. Heavy selling, fast rotation, and short-lived hype cycles make this segment especially sensitive to sentiment.
The losses have also been much steeper over the past 12 months than they have been for the major coins. Dogecoin is down about 64%, Shiba Inu about 69%, while Bitcoin is down around 48% and Ethereum is down about 41%. The broad decline makes one thing clear: the market is not in the mood for the most speculative tokens right now.
