Binance Meme Coin Selling Tops $1.2 Billion Since Bitcoin’s October Peak

Meme coins have absorbed over $1.2 billion in net selling on Binance since Bitcoin (BTC) hit its record high in October 2025.

The figure captures the pressure on crypto’s riskiest assets during a drawn-out correction. 

Why the Sell-Off Hit Meme Coins Hardest

Bitcoin’s slide from its October record has pulled down the assets most tied to speculation. Meme coins lead that list.

The selling has not reversed. Analyst Darkfost highlighted that cumulative net volume fell steadily from October through July.

“This represents massive selling pressure on the riskiest assets in the crypto ecosystem. It illustrates just how much this sector suffers during corrections, and serves as a reminder that exposure to it carries a high risk of capital loss,” the analyst said.

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New launches have offered brief exceptions. Cash Cat (CASHCAT), a token on Robinhood’s new blockchain, reached a market cap of over $200 million within days of the chain’s July 1 debut. However, the analyst said that,

“Novelty tends to drive short-term performance for memecoins, but the story looks very different over the long run.”

The sustained selling has also weighed on the sector’s market share. BeInCrypto previously reported that meme coin dominance has fallen to 3.7% of the altcoin market, its lowest level since February 2024.

Meme Coin Losses Outpace Bitcoin and Ethereum

The sharp price decline further reinforces the sector’s weakening position. Over the past year, meme coins have fallen far harder than the majors. 

Dogecoin (DOGE) is down about 64%, while Shiba Inu (SHIB) has lost roughly 69%. Pepe (PEPE) has dropped near 78%, and Bonk (BONK) has shed about 86%. 

Bitcoin, by comparison, is down around 48% over the same period. Ethereum (ETH) has fallen about 41%.

The gap widens from each token’s peak. Dogecoin trades roughly 90% below its high, and dogwifhat (WIF) sits about 97% under its record.

The bleed is remarkably uniform. Nearly every major theme (Dog, 4chan, Elon, Solana, Frog, Boys Club, AI) fell within a tight 21–25% band over the past three months, suggesting the sell-off was more of a risk-off than any one narrative breaking. 

Exchanges have also started to reflect the decrease in interest. Tokenized assets led centralized exchange listings in the first half of 2026, while meme coin listings sank to a multi-year low.

Whether new chains like Robinhood’s can revive durable demand is unclear. For now, the data points to steady net selling across the sector.

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