Memecoins under $1.2 billion selling pressure on Binance since Bitcoin ATH

Since Bitcoin reached its all-time high, memecoins on Binance have been facing massive selling pressure. Data from CryptoQuant shows that the cumulative difference between buying and selling has now reached as much as $1.2 billion to the detriment of buyers. That is a striking signal for the riskiest corner of the crypto market.

Bitcoin is currently at $62K and shows a decline of 0.8% in the past 24 hours. Although that is not an alarming number in itself, the underlying data for memecoins paints a much sharper picture.

What the data shows

Analyst Darkfost of CryptoQuant publishes a chart tracking the cumulative buying and selling volumes of memecoins on Binance, specifically for USDC and USDT trading pairs. The chart runs from October 2025 to July 2026 and shows an almost uninterrupted downward trend. That means sellers have consistently had the upper hand over buyers throughout this entire period.

Darkfost describes it as “massive selling pressure on the riskiest assets in the crypto ecosystem”. The net selling pressure of $1.2 billion is therefore not a temporary spike, but a structural pattern that has persisted for months. More details can be found in the full analysis on CryptoQuant.

What this means for sentiment

This pattern fits into a broader trend in which risky assets are the first to be shed when the market is under pressure. Memecoins are known for their high volatility and speculative nature, and are therefore often the first category that investors dump when sentiment turns. The persistent selling pressure suggests that many traders are actively reducing their exposure to these tokens.

Notably, this coincides with a period in which Bitcoin ETFs are attracting money again and long-term holders are increasingly holding on to Bitcoin. It therefore seems that capital within the crypto market is shifting from speculative memecoins towards Bitcoin itself. Whether memecoins show a recovery in the short term depends heavily on how the broader market develops.