Binance-listed meme coins face $1.21 billion net selling since October 2025 peak

Binance-listed meme coins have absorbed more than $1.2 billion in cumulative net selling since Bitcoin’s record high in October 2025, analyst Darkfost said, underscoring sustained stress in one of the crypto market’s most speculative segments. Cumulative net volume declined steadily from October through July, suggesting the sell-off has not reversed as the broader correction dragged meme coins down harder than larger tokens. Darkfost said the data shows massive selling pressure on the ecosystem’s riskiest assets and highlights the sector’s high risk of capital loss during downturns. The weakness has also eroded meme coin dominance, which previously fell to 3.7% of the altcoin market, its lowest level since February 2024. Over the past year, Dogecoin is down about 64%, Shiba Inu roughly 69%, Pepe near 78% and Bonk about 86%, compared with declines of around 48% for Bitcoin and 41% for Ethereum. Dogecoin trades about 90% below its peak and dogwifhat about 97% below its record. Darkfost added that nearly every major meme coin theme fell within a tight 21% to 25% band over the past three months, suggesting a broad risk-off move rather than the breakdown of any single narrative. While new launches such as Cash Cat on Robinhood’s new blockchain have delivered brief bursts of demand, tokenized assets led centralized exchange listings in the first half of 2026 and meme coin listings fell to a multi-year low, pointing to weaker underlying interest across the sector.